620 North Fickett Street
Multifamily | 5 Units | $145,000/unit
Marketing description
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.
Investment 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 Los Angeles, freeways, USC Medical Center, and more
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