3940 Nicolet Ave | Los Angeles, CA 90008
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
3940 Nicolet Ave
Los Angeles, CA 90008
Value-Add 16 Units in Baldwin Village · Residential Property For Sale · 16 Units
Investment Highlights
- Value-Add Opportunity | Building to be delivered with 11 vacancies allowing for a prospective investor to capture market rent on 68% of the units.
- Diverse Unit Mix | The Subject Property consists of 1-Bedroom; 2-Bedroom and 3-Bedroom Units; 75% of the Units are 2-Bedroom Units.
- Large Floorplans | The Subject Property features spacious units with a total building size of 16,876 Sq. Ft.
- Attractive Financing | The property should provide for financing at 65% to 75% LTV of the asking price once fully leased up and stabilized.
PROPERTY FACTS
| No. Units | 16 | Building Size | 16,876 SF |
| Property Type | Residential | Average Occupancy | 87% |
| Property Subtype | Apartment | Number of Floors | 2 |
| Apartment Style | Low Rise | Year Built | 1956 |
| Building Class | C | Parking Ratio | 0.65/1,000 SF |
| Lot Size | 0.37 AC |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 16,876 SF |
| Average Occupancy | 87% |
| Number of Floors | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.65/1,000 SF |
Unit Amenities
- Storage Space
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 3 | £1,300 | - |
| 2+1 | 2 | £1,192 | - |
| 2+2 | 10 | £1,377 | - |
| 3+2 | 1 | £2,450 | - |
PROPERTY TAXES
| Parcel Number | 5030-008-010 | Improvements Assessment | £1,026,775 |
| Land Assessment | £1,544,477 | Total Assessment | £2,571,252 |
PROPERTY TAXES
Parcel Number
5030-008-010
Land Assessment
£1,544,477
Improvements Assessment
£1,026,775
Total Assessment
£2,571,252
zoning
| Zoning Code | R3 (Limited Density Multiple Residence) |
| R3 (Limited Density Multiple Residence) |
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
