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.
189 days
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49
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0
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Zillow last checked:
Listing updated:
Listed by:
Charles LeeDRE #01361071714-614-2426,
One Group Realty
Source: CRMLS,MLS#: PW26012751Originating MLS: California Regional MLS
Facts & features
Interior
Heating
Central, Natural Gas
Cooling
None
Appliances
Included: Disposal, Refrigerator, Water Heater
Laundry: None
Features
Open Floorplan
Flooring: Laminate, Tile
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: End Unit,No Common Walls
Interior area
Total structure area: 5,930
Total interior livable area: 5,930 sqft
Property
Parking
Parking features: Off Site, On Site, Off Street, Uncovered
Features
Entry location: FRONT
Pool features: None
Spa features: None
Fencing: Fair Condition,Wrought Iron
Has view: Yes
View description: Neighborhood
Lot
Size: 6,950 Square Feet
Features: 11-15 Units/Acre, Corner Lot, Street Level
Details
Parcel number: 5177021026
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Mixed Use
Materials
Roof: Flat
Condition
Repairs Cosmetic
New construction: No
Year built: 1910
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Not Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
Features: Curbs, Street Lights, Sidewalks, Urban
Security: Smoke Detector(s)
Location
Region: Los Angeles
Financial & listing details
Price per square foot: $211/sqft
Tax assessed value: $1,331,255
Annual tax amount: $16,705
Date on market: 1/19/2026
Cumulative days on market: 189 days
Listing terms: Cash,Cash to New Loan,Subject To Other
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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