REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Charles Lee, DRE #01361071 • One Group Realty
$ 1,250,000
Est. payment /mo
Active
701 N Fickett Los Angeles, CA 90033
6,950 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26012751
Year Built 1910
Lot Size 6,950 Sqft
Source California Regional MLS
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
Rooms
Kitchen Garbage Disposal, Refrigerator
Interior
Heating Gas, Central Forced Air
Cooling None
Flooring Laminate
Laundry None
Exterior
Parking Features Common Parking Area, Off-Site Parking, Off-Street Parking, Uncovered Parking
Pool 31, None
View Local/Neighborhood
Roof Type Flat / Low Pitch
Building
Lot Description Grade - Level
Water Hot Water, District - Public
Others
Tax ID 5177021026
Special Listing Condition Not Applicable
Copyright 2026 MLSListings Inc All rights reserved.
Nearby Locations