30-Unit Apartment
New
For Sale
$4,480,000
4000 Nicolet Ave, Los Angeles, CA 90008
Two-story community with a pool courtyard, gated entry, and on-site laundry.
Property Size24,460 SF
Lot Size0.54 Acres
Price / SF$183.16
Days on Market3
Property Features for 4000 Nicolet Ave
General Information
Standard status
Active
Size
24,460 SF
Total Parking Spaces
20
Lot size
0.54 Acres
Property subtype
Multifamily
Zoning
LAR3
Occupancy
50%
Units
Unit Mix
28 x 1+1, 2 x 2+2
Multifamily Units
30
Amenities
pool courtyard
mature landscaping
on-site laundry
gated entry with call box
Efficient Unit Mix of Mostly One Bedroom Units
Tremendous Upside in Rental Income via Interior Renovation & Lease-up
Situated on a Large Lot with Gated Access, Lush Landscaping & Pool
Building Details
Building Size
24,460 SF
Buildings
1
Stories
2
Units
30
Listing Agency:
(213) 943-1837
Listed By:
Maurius Jeffery Beaner-Jeffery · License #License(s): CA: 01738154
(213) 943-1837
Source:
Marcusmillichap
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 6:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Maurius Jeffery Beaner-Jeffery
Investment Insights
Based on property information with market context.
The Lanai is a 30-unit apartment community at 4000 Nicolet Ave in Los Angeles. Its single two-story building contains 24,460 gross square feet on a 0.54-acre LAR3 parcel. The unit mix includes twenty-eight 1+1 residences and two 2+2 residences, with an average of 811 square feet per unit. Property features include a pool courtyard, mature landscaping, on-site laundry, gated access with a call box, and 20 tuck-under parking spaces.
Twenty-six units remain non-renovated, with potential upgrades identified for plank flooring and quartz countertops. Additional improvements under consideration across all 30 units include stainless steel appliances, updated cabinet faces, and tile backsplashes. The property is situated in Baldwin Village within the Mid-City Los Angeles submarket and is near the 5035 Coliseum development, which is planned to include 800 apartments above a ground-floor Costco.
Twenty-six units remain non-renovated, with potential upgrades identified for plank flooring and quartz countertops. Additional improvements under consideration across all 30 units include stainless steel appliances, updated cabinet faces, and tile backsplashes. The property is situated in Baldwin Village within the Mid-City Los Angeles submarket and is near the 5035 Coliseum development, which is planned to include 800 apartments above a ground-floor Costco.
Key Highlights
- 30‑unit apartment community in Baldwin Village, Los Angeles
- 24,460 gross SF on a 0.54‑acre LAR3 parcel
- Unit mix includes twenty‑eight 1+1s and two 2+2s
Property Analytics
Property Profile
Current Use
Lease Details
30
Residential units
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
Business Placement
Demographics for 90008, CA
33,041
Population
16,245
Households
2
Avg Household Size
42
Median Age
33%
College-Educated
85%
High-School Grad
2.9 sq mi
ZIP Area
11,393
Density / Sq Mi
$61,822
Median Household Income
$41,295
Median Earnings
$1,589
Median Rent
$1,003,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story community with a pool courtyard, gated entry, and on-site laundry.
Where is this apartment building located?
The property is located at 4000 Nicolet Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,480,000.
What are key features of this property?
This property features: 30‑unit apartment community in Baldwin Village, Los Angeles; 24,460 gross SF on a 0.54‑acre LAR3 parcel; Unit mix includes twenty‑eight 1+1s and two 2+2s
