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Millman Team Real Estate

$1,250,000
0.16 Acre Lot

701 N Fickett, Los Angeles, California 90033

  • Residential Income Property Type
  • Uncovered Cars Garage
  • 1910 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
PW26012751
$1,250,000
Neighborhood
1910
0.16 Acre
Active
Mixed Use
: Flat
Features
: None
: Central, Natural Gas
: None
: Wrought Iron, Fair Condition
: None
: Uncovered, Off Street, On Site, Off Site
: Laminate, Tile
: Open Floorplan
: None
: Public Sewer
: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Phone Available, Cable Not Available
$0
Appliances
: Disposal, Refrigerator, Water Heater
Address Map
CA
Los Angeles
Los Angeles
90033
Fickett
701
W119° 47' 47.1''
N34° 2' 59.2''
SOUTH WEST OF SOTO ST & WABAH OFF OF 10 FREEWAY
BOYH - Boyle Heights
N
Additional Information
$0
$0
$0
$0
$0
5930
: Sidewalks, Street Lights, Curbs, Urban
1
: Corner Lot, Street Level, 11-15 Units/Acre
11
2026-01-19
1288000
2
: Public
Broker/Agent Information
One Group Realty
Charles Lee
Listing Information
PLEECHAN
PB15098
Cash, Cash to New Loan, Subject To Other
Active
2026-07-24T11:56:39Z
CRMLS
: Standard
2026-01-19T07:28:56Z
Agent info
Ray Millman
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