322 N Fickett St - Apartments FOR SALE


Los Angeles, CA 90033- Boyle Heights
$1,075,000 USD
818-448-4415
322 N Fickett St, Los Angeles, CA for Sale
$1,075,000 USD
Apartments - FOR SALE
1/11
null | 5.09% Cap Rate

322 N Fickett St
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • Prime Boyle Heights Location
  • Excellent Rental Upside Potential (+115%)
  • First Time on the Market in 50+ Years
  • Two Separate Structures - Fourplex in Both Front and Back of Property
  • Rear Roof Replaced in 2024
  • Full On-Site Parking

OVERVIEW

Marcus & Millichap is pleased to present an eight (8) unit apartment building located at 322 N Fickett Street in Los Angeles, California. The subject property is located in a prime Boyle Heights location, south of Cesar Chavez Boulevard and east of Soto Street. Located in a prime Boyle Heights location, this well-maintained eight-unit property features a desirable unit mix of seven one-bedroom and one two-bedroom units, offering excellent rental upside potential of over 115%. The property includes full on-site parking with the opportunity to build additional ADUs in the rear lot under SB1211. Recent improvements include four new water boilers and a rear roof replacement in 2024. This property benefits from long-term ownership as it is being listed on the market for the first time in over 50 years. Residents enjoy convenient access to major commercial corridors Cesar Chavez Ave, 1st St, 4th St, and Whittier Blvd as well as the 10, 101, 60, 5, and 710 freeways, and the nearby Metro E Line (Soto Station) for seamless connectivity throughout Los Angeles. With its exceptional rental upside and prime Boyle Heights location near major transit and employment hubs, this property presents an outstanding value-add opportunity for investors seeking long-term growth and stability.

FOR SALE DETAILS

PRICE

$1,075,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

8

PRICE/UNIT

$134,375

CAP RATE

5.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,570 SF

ZONING

LARD1.5

APN/PARCEL ID

5180-009-015

ASK ABOUT THIS PROPERTY

Jason TuviaMarcus & MillichapMore Info
818-448-4415

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jason TuviaMarcus & MillichapMore Info
818-448-4415

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.