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701 N Fickett St 5 Unit Apartment Building $1,288,000 ($257,600/Unit) 9.90% Cap Rate Los Angeles, CA 90033
Investment Highlights
- Corner Lot with Alley Access
- Mixed-Use Income Stream – Residential + Retail
- Value-Add Upside through rent optimization and renovation
- LAC1 Zoning – Flexible commercial and residential uses
- SRO Component – Strong demand for workforce and affordable housing
- Transit-Oriented Location near DTLA, I-10, and public transportation
Executive Summary
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.
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.
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.
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Property Facts
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 2 | - | - |
| 6+2 | 1 | - | - |
1 1
Walk Score®
Very Walkable (85)
Property Taxes
| Parcel Number | 5177-021-026 | Improvements Assessment | $568,913 |
| Land Assessment | $762,342 | Total Assessment | $1,331,255 |
Property Taxes
Parcel Number
5177-021-026
Land Assessment
$762,342
Improvements Assessment
$568,913
Total Assessment
$1,331,255
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701 N Fickett St
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