Properties
Los Angeles, CA 90033 701 N Fickett
$1,288,000
0 more
Presented By: Charles Lee with One Group Realty; 714-614-2426
SQFT • 5,930
Home Details
FULLY OCCUPIED Prime mixed-use investment opportunity in the heart of Boyle Heights with 11.46 Percent CAP RATE. 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.
Presented By: Charles Lee with One Group Realty; 714-614-2426
Interior Features for 701 N Fickett
Other Interior Features
Air Conditioning Y/NNo
Common WallsEnd Unit, No Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, Tile
Heating Y/NYes
Interior AmenitiesOpen Floorplan
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 701 N Fickett
Additional Parcels Y/NNo
AppliancesDisposal, Refrigerator, Water Heater
Building Area UnitsSquare Feet
Carport Spaces
CityLos Angeles
Community FeaturesCurbs, Street Lights, Sidewalks, Urban
CoolingNone
CountyLos Angeles
DirectionsSOUTH WEST OF SOTO ST & WABAH OFF OF 10 FREEWAY
DisclosuresCity Inspection Required, Rent Control
Electric Expense
Entry LocationFRONT
ExclusionsPERSONAL PROPERTY
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income202487
HeatingCentral, Natural Gas
Insurance Expense
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan, Subject To Other
Lot Size Square Feet6950
Lot Size UnitsSquare Feet
MLS AreaBOYH - Boyle Heights
Net Operating Income151187
New ConstructionNo
Number Of Units Total11
Number of Units Leased11
Operating Expense51300
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityLOS ANGELES
Property Attached Y/NNo
Property ConditionRepairs Cosmetic
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NYes
RoofFlat
Security FeaturesSmoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot24
Taxes$16,100
Trash Expense0
UtilitiesCable Not Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
ViewNeighborhood
Water Sewer Expense0
Year Built1910
Year Built SourceAssessor
Exterior for 701 N Fickett
Building Area Total5930
FencingFair Condition, Wrought Iron
InclusionsRefrigerator & Stove
Lot Features11-15 Units/Acre, Corner Lot, Street Level
Lot Size Acres0.1596
Lot Size Area6950
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Parking FeaturesOff Site, On Site, Off Street, Uncovered
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Total Parking0
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
