$ 1,250,000
-
$1,250,000
Price -
0
Bed -
0
Bath -
5,930
SqFt
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About the Listing PB15098 - PLEECHAN
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 Highlights
Status
Active
Days on Site
135
Property Type
Multi-Family
MLS ®
PW26012751
Year Built
1910
Total Square Footage
5,930
Lot/Acreage
0.16
County
Los Angeles
Area
BOYH - Boyle Heights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances: Disposal, Refrigerator, Water Heater
- Air Cond:
- Heating: Central,Natural Gas
- Fireplaces:
- Floor: Laminate,Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Open Floorplan
- Water: Public
Exterior Details
- Lot Description: 11-15 Units/Acre,Corner Lot,Street Level,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof: Flat
- Others: Repairs Cosmetic,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Off Site,On Site,Off Street,Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5177021026
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
701 N Fickett Los Angeles, CA 90033
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