701 N Fickett St - Apartments FOR SALE


Los Angeles, CA 90033- Boyle Heights
$1,288,000 USD
714-614-2426
701 N Fickett St, Los Angeles, CA for Sale
$1,288,000 USD
Apartments - FOR SALE
1/15
null | 9.9% Cap Rate

701 N Fickett St
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • Corner Lot with Alley Access
  • LAC1 Zoning – Flexible commercial and residential uses
  • Mixed-Use Income Stream – Residential + Retail
  • SRO Component – Strong demand for workforce and affordable housing
  • Value-Add Upside through rent optimization and renovation
  • Transit-Oriented Location near DTLA, I-10, and public transportation

OVERVIEW

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. 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.

FOR SALE DETAILS

PRICE

$1,288,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

5

PRICE/UNIT

$257,600

CAP RATE

9.9%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LAC1

APN/PARCEL ID

5177-021-026

ASK ABOUT THIS PROPERTY

Charles LeeOne Group RealtyMore Info
714-614-2426

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Charles LeeOne Group RealtyMore Info
714-614-2426

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.