701 N Fickett, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
ACTIVE$1,288,000$5,930/sqft
701 N Fickett, Los Angeles, California 90033
0Bed
0Bath
5,930Sqft
6,950Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Mixed-Use Investment: Prime mixed-use property offering diversified income streams from residential units and a street-level commercial space, currently leased to a market/liquor store.
Top Cons:
Sold As-Is Condition: The property is offered in 'As-Is' condition, implying potential for required repairs, upgrades, or deferred maintenance that a buyer would need to address post-acquisition.
Compared to the nearby listings
Price:$1.29M vs avg $909.0K (+$379,000)50%
Size:5,930 sqft vs avg 3,732.5 sqft50%
Price/sqft:$217 vs avg $28150%
More Insights
Built in 1910 (116 years old).
Condition: Built in 1910, this property is over 110 years old with no indication of major renovations in the last 50 years. The listing explicitly states 'Sold As-Is' and 'Do not disturb tenants,' strongly suggesting significant deferred maintenance and a lack of recent updates. The presence of SRO accommodations with shared facilities typically implies basic and aged conditions. Without interior images, it's impossible to assess specific kitchen and bathroom conditions, but given the age and 'As-Is' status, substantial repairs and rehabilitation are highly probable.
Year Built
1910
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$217
HOA
-
Days on market
-
Sold On
-
MLS number
PW26012751
Home ConditionPoor
Features
Good View: Neighborhood
ViewNeighborhood
About this home
Prime mixed-use investment opportunity in the heart of Boyle Heights. Situated on a corner lot with alley access, 701 N. Fickett St consists of two buildings featuring residential units and a street-level commercial space currently leased to a market/liquor store. The residential component includes multiple units plus SRO accommodations with shared facilities. Zoned LAC1, the property offers strong in-place income and multiple value-add or redevelopment possibilities. Excellent location near Downtown Los Angeles, major freeways, public transportation, and USC Medical Center. Property sold As-Is. Do not disturb tenants.
C
Charles Lee
Listing Agent
Price History
Date
Event
Price
06/05/18
Sold
$1,170,000
03/27/14
Sold
$524,000
03/07/05
Sold
$430,000
06/21/04
Sold
$402,500
Condition Rating
Poor
Built in 1910, this property is over 110 years old with no indication of major renovations in the last 50 years. The listing explicitly states 'Sold As-Is' and 'Do not disturb tenants,' strongly suggesting significant deferred maintenance and a lack of recent updates. The presence of SRO accommodations with shared facilities typically implies basic and aged conditions. Without interior images, it's impossible to assess specific kitchen and bathroom conditions, but given the age and 'As-Is' status, substantial repairs and rehabilitation are highly probable.
Pros & Cons
Pros
Mixed-Use Investment: Prime mixed-use property offering diversified income streams from residential units and a street-level commercial space, currently leased to a market/liquor store.
Strategic Urban Location: Situated in the heart of Boyle Heights with excellent proximity to Downtown Los Angeles, major freeways, public transportation, and USC Medical Center, enhancing tenant demand and property value.
Strong In-Place Income: The property boasts strong in-place income from existing leases, providing immediate cash flow for investors.
Value-Add & Redevelopment Potential: Zoned LAC1, the property offers significant opportunities for future value enhancement, expansion, or redevelopment, maximizing long-term investment returns.
Corner Lot with Alley Access: The corner lot position with alley access provides enhanced visibility for the commercial unit, improved logistical access, and potential for more flexible site utilization.
Cons
Sold As-Is Condition: The property is offered in 'As-Is' condition, implying potential for required repairs, upgrades, or deferred maintenance that a buyer would need to address post-acquisition.
Age of Property: Built in 1910, the property may entail higher ongoing maintenance costs and potential for outdated infrastructure or systems requiring capital expenditure.
SRO Accommodations & Tenant Disturbance: The presence of SRO units with shared facilities may present specific management challenges, and the 'Do not disturb tenants' clause limits comprehensive pre-purchase due diligence.