701 N Fickett, Los Angeles, CA 90033
List Price: $1.25M
Listing Status: Active
Original List Price: $1.29M
0Days on Market: 131
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1910
Lot Size: 6,950 sq ft
Private Pool: Yes
MLS Number: PW26012751
About This Property
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.
Listing provided by: Charles Lee DRE #01361071 714-614-2426 CHARLESLEE@ONEGROUPREALTY.COM, One Group Realty
Source: CRMLS, MLS #: PW26012751
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