3 On a Lot in Prime Area of Boyle Heights
311 - 315 N. Fickett Street
# of Units: 3
GRM (Pro Forma): 9.15
CAP Rate (Pro Forma): 8.89%
Building SF: 1,856
Lot SF: 3,785
Year Built: 1915
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!
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.
3 Units | 1,856 SF | 3,785 SF Lot
Three (3) Structures
All 1BD+1BA Apartments
Built in 1915 | Zoned LAR3