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346 N Fickett Street, Los Angeles, California 90033, Los Angeles, 90033 - 2 bed, 1 bath

346 N Fickett Street, Los Angeles, California 90033 home-pic-0
ACTIVE$699,999$1,228/sqft
Est. Value: $577,232
-17%
AboveEstimate
346 N Fickett Street, Los Angeles, California 90033
2Beds
1Bath
1,228Sqft
6,245Lot

Price Vs. Estimate

The estimated value ($577,232.485) is $122,766.515 (17%) lower than the list price ($699,999). This property may be overpriced.

Key pros and cons

Top Pros:
Mixed-Use Zoning: The property is zoned for mixed use (light commercial and residential), offering significant flexibility for various business ventures or live/work opportunities.
Top Cons:
Extensive Unpermitted Structures: The owner states multiple unpermitted bedrooms, bathrooms, and an entire attic apartment, posing significant legal, financial, and permitting risks for the buyer.

Compared to the nearby listings

Price:$700.0K vs avg $700.0K ($-0.5)50%
Size:1,228 sqft vs avg 1,304 sqft50%
Price/sqft:$570 vs avg $53250%

More Insights

Built in 1895 (131 years old).
Condition: Built in 1895, this property is a 'diamond in the rough' requiring substantial repairs and rehabilitation. The kitchen features very dated oak cabinets, old appliances, and fluorescent lighting, indicating a need for a full renovation. The bathroom is extremely outdated with an old vanity and stained tub/shower, also requiring a complete overhaul. The interior shows significant wear, dated flooring, and incomplete paint jobs, consistent with extensive deferred maintenance. The presence of unpermitted structures further complicates and adds to the cost of rehabilitation, aligning with the 'poor' condition criteria.
Year Built
1895
Close
-
List price
$700K
Original List price
$750K
Price/Sqft
$570
HOA
-
Days on market
-
Sold On
-
MLS number
TR25281567
Home ConditionPoor
Features
View-

About this home

An investor's Dream! Large craftsman home with plenty of parking and so much potential! Do not let this diamond in the rough pass you by. This property is zoned for mixed use; light commercial and residential. This property is situated in the heart of Boyle Heights in the City of Los Angeles, 10 minutes from Downtown Los Angeles where you can find fine dining, museums, and The Disney Concert Hall. You are one step away from shopping, grocery stores, eateries and public transportation. The owner states that the house has a total of 4 bedrooms, 2 baths and he is unaware of any permits for 2 of the bedrooms and 1 bathroom. The owner also states that the attic has been converted to an un-permitted 2 bedroom, 1 bath apartment. He is unaware of any permits for the attic conversion. Buyer to do their due diligence and verify existence of permits, square footage, zoning, etc., Please do not bother the tenants. Drive by only. Call the Listing Agent for an appointment to view the property.

E
Esperanza Van Beek
Listing Agent

Price History

Date
Event
Price
08/19/99
Sold
$115,000
Condition Rating
Poor
Built in 1895, this property is a 'diamond in the rough' requiring substantial repairs and rehabilitation. The kitchen features very dated oak cabinets, old appliances, and fluorescent lighting, indicating a need for a full renovation. The bathroom is extremely outdated with an old vanity and stained tub/shower, also requiring a complete overhaul. The interior shows significant wear, dated flooring, and incomplete paint jobs, consistent with extensive deferred maintenance. The presence of unpermitted structures further complicates and adds to the cost of rehabilitation, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Mixed-Use Zoning: The property is zoned for mixed use (light commercial and residential), offering significant flexibility for various business ventures or live/work opportunities.
Prime Urban Location: Situated in the heart of Boyle Heights, just 10 minutes from Downtown Los Angeles, providing excellent access to fine dining, cultural attractions, shopping, and public transportation.
Investor Potential: Explicitly marketed as an 'investor's dream' with 'so much potential,' indicating a strong value-add opportunity for renovation and future appreciation.
Desirable Architecture: A large Craftsman home, a sought-after architectural style known for its character and potential for restoration.
Ample Parking: The property offers 'plenty of parking,' a valuable and often scarce amenity in dense urban areas like Los Angeles.

Cons

Extensive Unpermitted Structures: The owner states multiple unpermitted bedrooms, bathrooms, and an entire attic apartment, posing significant legal, financial, and permitting risks for the buyer.
Discrepancy in Property Details: There are significant differences between the MLS listed beds/baths/sqft and the owner's statements, requiring extensive buyer due diligence to verify actual property specifications.
Restricted Access & Tenant Occupancy: The property is tenant-occupied with 'drive by only' viewing restrictions, severely limiting a buyer's ability to thoroughly inspect the interior and potentially complicating the transaction or future plans.
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