701 N Fickett, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
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Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 701 N Fickett Subject | $1,250,000* List Price | 0 | 0 | 5,930 | $172 | - |
A 727 Cornwell Active | $925,000 List Price | 0 | 0 | 4,684 | $197 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1910 and sold in 'As-Is' condition, the property shows significant deferred maintenance and aged exterior components. The mixed-use structure with SRO units and shared facilities indicates outdated systems and interiors requiring substantial rehabilitation to meet modern standards.
Boasting a high 11.46% CAP rate, this property offers significant in-place income and cash flow potential that far exceeds typical market averages in the Los Angeles area.
Situated on a prime corner lot with LAC1 zoning near DTLA and USC Medical Center, the property provides excellent visibility and versatile redevelopment or value-add opportunities.
The combination of a street-level commercial market and multiple residential units, including SRO accommodations, creates a stable and multifaceted income profile for investors.
Built in 1910 and sold in 'As-Is' condition, the property likely requires substantial capital expenditure for modernizing systems and addressing the wear of a century-old structure.
The inclusion of SRO units with shared facilities and a fully occupied tenant base necessitates intensive property management and complicates immediate renovation or repositioning efforts.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1910 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 28, 2026
$1,250,000
$1,288,000
-3% Price Drop
Initial Listing
Jan 19, 2026
$1,288,000
Initial Listing
Jun 5, 2018
$1,170,000
Public Record
Mar 27, 2014
$524,000
Public Record
Mar 7, 2005
$430,000
Public Record
Jun 21, 2004
$402,500
Public Record