701 N Fickett,Los Angeles, CA 90033
Los Angeles, CA 90033
Description
FULLY OCCUPIED MULTIPLE TENANT BUILDING (Over 11% CAP RATE). 701 N. Fickett St presents a compelling mixed-use value-add opportunity in the rapidly evolving Boyle Heights submarket. This corner-lot asset with alley access features two buildings totaling approximately 5,930 SF on a 6,950 SF lot and is zoned LAC1, allowing for flexible commercial and residential use. THERE IS A NEW ELECTRIC PANEL AND ELECTRIC METER IN THE RESIDENTIAL BUILDING. The property includes a two-story residential building with a mix of traditional units and Single-Room Occupancy (SRO) accommodations, along with a separate one-story commercial building currently occupied by a market/liquor store, providing stable retail income. Investors and developers benefit from strong in-place cash flow, rental upside through renovation and operational improvements, and long-term redevelopment or repositioning potential. Ideally located minutes from Downtown LA, USC Medical Center, major freeways, and public transit, this asset is well-positioned for workforce housing demand and urban infill growth. Offered As-Is, occupied. Buyer to verify all information.
Details
| MLS # | PW26012751 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 235 |
| Listing Provided By | One Group Realty | Charles Lee |
Features
| SQ Feet | 5,930 |
|---|---|
| Story(s) | 2 |
| Units | 11 |
| Building(s) | 2 |
| Acreage | 0.16 |
| Property View | Yes |
Interior
| Cooling | None |
|---|---|
| Heating | Central, Natural Gas |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | Open Floorplan |
| Appliances | Disposal, Refrigerator, Water Heater |
| Fireplace Yes / No | No |
Exterior
| Roof | Flat |
|---|---|
| Security Features | Smoke Detectors |
| Lot Features | Eleven To Fifteen Units Acre, Corner Lot, Street Level |
| Fencing | Fair Condition, Wrought Iron |
Parking
| Parking Features | Off Site, On Site, Off Street, Uncovered |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Cable Not Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Curbs, Street Lights, Sidewalks, Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $1,250,000 low | high Med: $1,049,100 sqft: 5,930 low | high Med: 4 $ / sqft: $211 low | high Med: $262,275 On site: 235 low | high Med: 1 | |
Market Activity 90033
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $1,250,000 low | high Med: $1,049,100 sqft: 5,930 low | high Med: 4 $ / sqft: $211 low | high Med: $262,275 On site: 235 low | high Med: 1 | |
 | $1,100,0002505 MalabarLos Angeles, CA 90033 |