3 On a Lot in Prime Area of Boyle Heights

$549,000

311 - 315 N. Fickett Street

# of Units: 3

GRM (Pro Forma): 9.15

CAP Rate (Pro Forma): 8.89%

Price/SF: $296

Building SF: 1,856

Lot SF: 3,785

Zoning: LAR3

Year Built: 1915

Description​​

  • UNIQUE OPPORTUNITY TO ACQUIRE A RESIDENTIAL INCOME PROPERTY IN BOYLE HEIGHTS 

  • 3 HOMES ON ONE LOT!

  • 1,856 TOTAL SQUARE FEET 

  • VERY WALKABLE & MOSTLY RESIDENTIAL AREA

  • EASY ACCESS TO ARTS DISTRICT, DTLA, SILVER LAKE & ECHO PARK, NORTHEAST LA, ETC.

  • LOCATED IN CLOSE PROXIMITY TO THE 1ST STREET METRO STOP 

  • RENTS ON REMODELED APARTMENTS ARE ASTONISHINGLY HIGH RIGHT NOW - NEW BUYER CAN VACATE UNITS, REMODEL, AND RE-RENT!

  • CAN BE SOLD TOGETHER WITH 2743 BOULDER & 2729 BOULDER OR SEPARATELY 

 

Location

Highly sought-after Boyle Heights location. The income property sits on a primarily residential street near Cesar Chavez Ave and many other notable destinations. Whether it's Guisados or El Tepeyac, Boyle Heights is home to many restaurants and local favorites. There are many nearby employment centers and colleges to keep vacancy low. The subject properties are close to the 10, 5, and 60 Freeways. Fickett is in prime and extremely walkable location, near other remodeled apartment buildings. Through its ease of access, owners and tenants alike can commute via car or public transportation to and from DTLA, Arts District, Northeast LA, Echo Park and the rest of Los Angeles.

Property Highlights

  • 3 Units | 1,856 SF | 3,785 SF Lot

  • Three (3) Structures 

  • All 1BD+1BA Apartments 

  • Built in 1915 | Zoned LAR3 

Please Send Me More Infomation On This Listing
Call Me Today!

Tel: 310.562.9630 

Email: DMendez@kw.com

DRE #: 01746702

IncomePropertiesLA.com

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