322 N Fickett St 8 Unit Apartment Building $1,343,287 CAD ($167,911 CAD/Unit) 5.73% Cap Rate Los Angeles, CA 90033

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.