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620-628 N Fickett St 5 Unit Apartment Building $725,000 ($145,000/Unit) 6.94% Cap Rate Los Angeles, CA 90033
Investment Highlights
- Value-Add Opportunity in Boyle Heights: Five-unit apartment complex with 42 percent potential upside in rents
- Updated Electrical: Asset’s electrical was upgraded in 2024
- All Single-Story Floor Plans: Unit Mix of four one-bed/one-baths and one three-bed/one-and-one-half-bath unit
- Easy Access to Major Employers and Attractions: Located in one of Los Angeles’ most active infill development markets and proximate to Downtown LA
Executive Summary
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.
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.
Property Facts
| Price | $725,000 | Apartment Style | Low-Rise |
| Price Per Unit | $145,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.94% | Building Size | 3,536 SF |
| Gross Rent Multiplier | 8.81 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | ||
| Zoning | LAC1 | ||
| Price | $725,000 |
| Price Per Unit | $145,000 |
| Sale Type | Investment |
| Cap Rate | 6.94% |
| Gross Rent Multiplier | 8.81 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,536 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1924 |
| Zoning | LAC1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 3+1.5 | 1 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5177-023-001 | Improvements Assessment | $369,379 |
| Land Assessment | $320,588 | Total Assessment | $689,967 |
Property Taxes
Parcel Number
5177-023-001
Land Assessment
$320,588
Improvements Assessment
$369,379
Total Assessment
$689,967
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