620-628 N Fickett St - Apartments FOR SALE


Los Angeles, CA 90033- Boyle Heights
$725,000 USD
424-405-3826
620-628 N Fickett St, Los Angeles, CA for Sale
$725,000 USD
Apartments - FOR SALE
1/10
null | 6.94% Cap Rate

620-628 N Fickett St
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • Value-Add Opportunity in Boyle Heights: Five-unit apartment complex with 42 percent potential upside in rents
  • All Single-Story Floor Plans: Unit Mix of four one-bed/one-baths and one three-bed/one-and-one-half-bath unit
  • Updated Electrical: Asset’s electrical was upgraded in 2024
  • Easy Access to Major Employers and Attractions: Located in one of Los Angeles’ most active infill development markets and proximate to Downtown LA

OVERVIEW

Marcus & Millichap is pleased to present to market 620 North Fickett Street, a five-unit apartment complex in Los Angeles’ Boyle Heights neighborhood. This property is a great value-add opportunity with all single-story floor plans and over 40 percent rental upside in one of Los Angeles’ most active infill development markets. 620 North Fickett Street consists of three single-story buildings and a mix of four one-bed/one-bath units and one three-bed/one-and-one-half-bath unit on a corner lot. The units are separately metered for gas and electricity, and the buildings feature updated electrical. The property is situated on a corner lot in Boyle Heights at the intersection of Fickett and Malabar streets. This location offers convenient access to freeways, transit, the Metro E line, and major Downtown Los Angeles employers and attractions.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

5

PRICE/UNIT

$145,000

CAP RATE

6.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,294 SF

ZONING

LAC1

APN/PARCEL ID

5177-023-001

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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