NOT LISTED FOR SALE

3940 Nicolet Ave Los Angeles, CA 90008

Baldwin Hills Neighborhood
29 Beds
27 Baths
16,876 Sq Ft
0.37 Acres

Last Sold December 08, 2020

Last sale price $2,980,000 $177 Per Sq Ft

55 Days on Market

About This Home

As of December 2020

Value-Add Opportunity - Building to be delivered with 11 vacancies allowing for a prospective investor to capture market rent on 68% of the units. | Large Floorplans - The Subject Property features spacious units with a total building size of 16,876 Sq. Ft. | Diverse Unit Mix - The Subject Property consists of 1-Bedroom; 2-Bedroom and 3-Bedroom Units; 75% of the Units are 2-Bedroom Units. | Attractive Financing - The property should provide for financing at 65% to 75% LTV of the asking price once fully leased up and stabilized.

Last Agent to Sell the Property

Thomas Jonsson

James Capital Advisors, Inc. License #01755842 Listed on: 09/22/2020

Co-Listed By

Will James

Lyon Stahl Investment Real Estate, Inc. License #01734419

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Will James

Lyon Stahl Investment Real Estate, Inc. License #01734419

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 0.37 Acre Lot

Interior Spaces

  • 16,876 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 29 Bedrooms
  • 27 Bathrooms

Parking

  • 11 Parking Spaces
  • Covered Parking

Community Details

  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 5030-008-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Entry Floor: 1
  • Living Area: 16876
  • Lot Acreage: 0.3665
  • Stories: 2
  • Year Built: 1956
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 29
  • Total Bathrooms: 27.00
  • Price Per S Q F T: 213.32

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 11

Lot Info

  • Assessed Improvement Percent: 54.31
  • Assessed Improvement Value: 564006
  • Assessed Land Percent: 45.69
  • Assessed Land Value: 474462
  • Total Assessed Value: 1038468
  • Assessor Parcel Number: 5030-008-010
  • Lot Size Area: 15963

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.10
  • Number Of Units: 16
  • Total Annual Expense: 123694
  • Type Of Units: Mixed
  • Vacancy Allow Percent: 5.00
  • Vacancy Rate: 11 Units

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2020 12/08/20 Sold $2,980,000 -17.2% $177 / Sq Ft
11/16/2020 11/16/20 Pending -- -- --
09/22/2020 09/22/20 For Sale $3,600,000 -- $213 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Thomas Jonsson

    James Capital Advisors, Inc.

  • Will James

    Seller Co-Listing Agent in 2020

    Will James

    Lyon Stahl Investment Real Estate, Inc.

    (310) 600-9858

    3 in this area

    31 Total Sales

    Will James
    Section Image
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Map

Source: The MLS

MLS Number: 20-636444

The MLS
California Los Angeles County Los Angeles 90008 Baldwin Hills

3940 Nicolet Ave, Los Angeles, CA

This home is located at 3940 Nicolet Ave, Los Angeles, CA 90008 since 22 September 2020. This property was built in 1956. 3940 Nicolet Ave is a home located in Los Angeles County with nearby schools including Hillcrest Drive Elementary School, Audubon Middle School, and Susan Miller Dorsey Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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