701 N Fickett, Los Angeles, CA 90033
701 N Fickett, Los Angeles, CA 90033
701 N Fickett, Los Angeles, CA 90033
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Lucio Real Estate Group

Lucio Real Estate Group

+1(805) 512-0065
$1,250,000
Est. payment /mo
6,952 Sqft Lot
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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26012751

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1910

Lot Size 6,952 Sqft

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.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Interior

Interior Features Open Floorplan

Heating Central, Natural Gas

Cooling None

Flooring Laminate, Tile

Fireplaces Type None

Inclusions Refrigerator & Stove

Fireplace No

Appliance Disposal, Refrigerator, Water Heater

Laundry None

Exterior

Parking Features Off Site, On Site, Off Street, Uncovered

Fence Fair Condition, Wrought Iron

Pool None

Community Features Curbs, Street Lights, Sidewalks, Urban

Utilities Available Cable Not Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Flat

Private Pool No

Building

Lot Description 11-15 Units/Acre, Corner Lot, Street Level

Story 2

Sewer Public Sewer

Water Public

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5177021026

Security Features Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Subject To Other

Listing Terms Cash, Cash to New Loan, Subject To Other

Special Listing Condition Standard

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Listed by Charles Lee One Group Realty 714-614-2426, DRE #01361071

Nearby Locations

Get more details on this property

Lucio Real Estate Group
Lucio Real Estate Group

Broker Associate | License ID: 01893011

+1(805) 512-0065

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA 93036, USA

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701 N Fickett

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