701 N Fickett, Los Angeles, CA 90033
- $1,250,000
- List Price
- $1,250,000
- Price Change
- ▼ $38,000 1779834813
- Status
- ACTIVE
- MLS#
- PW26012751
- Year Built
- 1910
- Lot Size
- 6,950
- Acres
- 0.16
- Lot Location
- 11-15 Units/Acre, Corner Lot, Street Level
- Days on Market
- 191
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property 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.
Additional Information
- Appliances
- Disposal, Refrigerator, Water Heater
- Pool Description
- None
- Heat
- Central, Natural Gas
- Cooling Description
- None
- View
- Neighborhood
- Roof
- Flat
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Open Floorplan
- Attached Structure
- Detached
- Number Of Units Total
- 11
- Gross Scheduled Income
- $202,487
- Operating Expense
- 51300
Listing courtesy of Listing Agent: Charles Lee (CHARLESLEE@ONEGROUPREALTY.COM) from Listing Office: One Group Realty.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.