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701 N Fickett St, Los Angeles, CA 90033
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701 N Fickett St Los Angeles, CA 90033

$1,400,000
  • 12 Beds
  • 4 Baths
  • 5,930 Sq.Ft.
For Sale
$1,400,000 Get Pre-Qualified
Map preview of 701 N Fickett St, Los Angeles, CA 90033

Property Overview: 701 N Fickett St Los Angeles, CA has 12 bedrooms, 4 bathrooms, 5,930 living square feet and 6,948 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Opportunity for mixed-use housing and retail in the Boyle Heights neighborhood. The property consists of two buildings on the same lot. Building one is a residential, two-story building and includes: (2) one-bedroom apartments and (1) two-bedroom apartment, (7) one-room occupancy units with two shared bathrooms and one shared kitchen. Building two is a one-story building that is currently leased to a market/liquor store. It is nicely located on a corner lot with access from an alley. With the current Boyle Heights development plan underway, this is a value-ad opportunity that offers a strong cap rate based on current rental income. The property is conveniently located with quick access to freeways, downtown and a mile to USC Medical Center.

Listed by Nathan Gruber | BRE #01869238 | The Group Realty, Inc.
Last checked: 6 minutes ago | Last updated: March 13th, 2024 | Source CRMLS | DOM: 34
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Home details

Lot Sq. Ft
6,948
HOA Dues
$0/mo
Year built
1910
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
OC24045869
City
Los Angeles
County
Los Angeles
Time on Site
45 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 2
  • # of Leased Units: 8
  • # of Electric Meters: 2
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,293
  • Total Rent: $2,293
  • Pro Forma/Market Rent: $2,293
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,060
  • Total Rent: $2,060
  • Pro Forma/Market Rent: $2,060
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,855
  • Total Rent: $1,855
  • Pro Forma/Market Rent: $1,855
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $900
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,128
  • Total Rent: $1,128
  • Pro Forma/Market Rent: $1,128
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $963
  • Total Rent: $963
  • Pro Forma/Market Rent: $963
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $963
  • Total Rent: $963
  • Pro Forma/Market Rent: $963
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $980
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $196,104
  • Net Operating Income: $155,140
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $40,964
  • Electric: $14,612
  • Gas/Fuel: $3,000
  • Licenses: $950
  • Trash: $3,840
  • Insurance: $2,532
  • Maintenance: $8,500
  • Professional Management: $0
  • Water/Sewer: $6,262

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Property Details for 701 N Fickett St

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Paved, Private
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 11
  • Parcel Number: 5177021026
  • Year Built Source: Estimated
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: N. Soto St. to Malabar St to N. Fickett
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 701 N Fickett St

Last sold for $1,170,000 on June 5th, 2018

  • March, 2024

  • Mar 13, 2024

    Date

    Active

    CRMLS: OC24045869

    $1,400,000

    Price

  • November, 2023

  • Nov 19, 2023

    Date

    Expired

    CRMLS: OC23133193

    $1,400,000

    Price

  • Jul 27, 2023

    Date

    Active

    CRMLS: OC23133193

    $1,400,000

    Price

  • Listing provided courtesy of CRMLS

    Lot 6947 sqft, total 5930 sqft building size; Residential 2 story building 4130 sqft & mini mart size 1800 sqft in http://zimas.lacity.org/ ; Building 1; Year Built 1910 Number of Bedrooms 3 Number of Bathrooms 1 Building Square Footage 4,130.0 (sq ft) & Building 2 ; Year Built 1963 Building Class CX Building Square Footage 1,800.0 (sq ft) (currently owner rented as 11bed but 7bed are non permitted, Price listed lower then owner wanted but still negotiable in price)

  • July, 2023

  • Jul 6, 2023

    Date

    Canceled

    CRMLS: CV23053961

    $1,500,000

    Price

  • Apr 1, 2023

    Date

    Active

    CRMLS: CV23053961

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    Opportunity for mixed-use housing and retail in the neighborhood of Boyle Heights. There are two buildings on the property. Two one-bedroom apartments and one two-bedroom apartment in Building 1 have had the downstairs entirely renovated. Seven one-room occupancy units with two shared bathrooms and one shared kitchen make up the second story. A market/liquor store has a lease on the second building. The property needs to be updated. On a corner lot with access from an alley, it is perfectly positioned. Developers have a lot of high-value ways to construct. There is a lot of value to be added in this developing community with its convenient location, quick access to freeways, and close proximity to USC Medical Center.

  • January, 2023

  • Jan 13, 2023

    Date

    Canceled

    CRMLS: RS22235709

    $1,299,500

    Price

  • Nov 4, 2022

    Date

    Active

    CRMLS: RS22235709

    $1,299,500

    Price

  • Listing provided courtesy of CRMLS

    Investment Highlights-Prime 10 unit residential income property and Second building liquor store market located in the Boyle Heights area. The property consists of two -1 bed room units and one -2 bedroom unit on the lower of building. The upper level consist of 7 single room occupancy units with 2 shared bathroom and 1shared Kitchen and 2nd building is leased to a mini market and liquor store. Property is located near by transportation, schools stores and freeways and minutes USC medical center. Drive by only! Please do not disturb the tenants.

  • October, 2022

  • Oct 25, 2022

    Date

    Canceled

    CRMLS: 22200437

    $1,380,000

    Price

  • Sep 20, 2022

    Date

    Active

    CRMLS: 22200437

    $1,380,000

    Price

  • Listing provided courtesy of CRMLS

    Mixed-use Residential/Store opportunity in the East Los Angeles sub-market of Boyle Heights. The property consists of two -1 bedroom apartments and one -2 bedroom apartment on the lower level of building 1. The 2nd story consists of 7 Single Room Occupancy Units with 2 shared bathrooms and 1 shared kitchen. The 2nd building is leased to a mini market/ liquor store operator.There is much potential and many options with the site's LAC1 zoning. Update the current property to maximize its current use, convert the boarding rooms to offices, or start over and redevelop the property. The property is in need of updating. The site is ideally situated on a corner with alley access, so developers have many high-value ways to build. With a central location, easy access to freeways, and only minutes to USC Medical Center (Keck), Boyle Heights has been gradually gentrifying. Plenty of value to add in this up-and-coming neighborhood

  • July, 2022

  • Jul 20, 2022

    Date

    Canceled

    CRMLS: PW22134378

    $1,500,000

    Price

  • Jun 20, 2022

    Date

    Active

    CRMLS: PW22134378

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    Residential Building 1 and the Market Buildings are located on the corner lot near Los Angeles downtown. Lots of new developing properties you can see in this area. You can imagine easily the future of this property and this area. Location Location Location ! like this property: close to the LA downtown and across of the USC hospitals.

  • April, 2022

  • Apr 12, 2022

    Date

    Canceled

    CRMLS: SR21221602

    $1,530,000

    Price

  • Feb 10, 2022

    Date

    Pending

    CRMLS: SR21221602

    $1,530,000

    Price

  • Listing provided courtesy of CRMLS

    Mixed-Use Income Property in Boyle Heights for sale. Subject property is on a corner lot and is mixed use residential/commercial with a store front. Building #1 is supposed to be a 4 unit dwelling but has been converted into 10 non conforming units. Building #2 is a commercial store front which is currently a liquor store with a month to month lease.

  • July, 2021

  • Jul 31, 2021

    Date

    Expired

    CRMLS: DW20249918

    $1,530,000

    Price

  • Jun 29, 2021

    Date

    Price Change

    CRMLS: DW20249918

    $1,530,000

    Price

  • Feb 1, 2021

    Date

    Active

    CRMLS: DW20249918

    $1,590,000

    Price

  • Dec 16, 2020

    Date

    Withdrawn

    CRMLS: DW20249918

    $1,590,000

    Price

  • Dec 2, 2020

    Date

    Active

    CRMLS: DW20249918

    $1,590,000

    Price

  • Listing provided courtesy of CRMLS

    Location Location Location!!! 5 Unit Apartment building with Market next door. The property is currently generating a $12,072 monthly gross income. This is an excellent opportunity to either keep it the way it is and generate monthly cash flow or redeveloping the entire property.

  • June, 2018

  • Jun 5, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,170,000

    Price

  • March, 2014

  • Mar 27, 2014

    Date

    Sold (Public Records)

    Public Records

    $524,000

    Price

Show More

Tax History for 701 N Fickett St

Assessed Value (2020): $1,217,268
Year Land Value Improved Value Assessed Value
2020 $697,068 $520,200 $1,217,268

Home Value Compared to the Market

This property vs the competition

701 N Fickett St is listed 12.09% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $236.09 per/sqft which puts the price per square foot 69.42% lower than the median price per square foot for the city of Los Angeles.

About 701 N Fickett St

Detailed summary of property

701 N Fickett St is a mixed use located in Los Angeles, CA 90033 and is currently for sale. This mixed use property offers 12 bedrooms, 4 bathrooms, roughly 5,930 living square feet, and sits on an approximately 6,948 square foot lot. 701 N Fickett St was first listed on ArdentRealEstateGroup.com on March 13, 2024. The homeowner is currently asking $1,400,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 12.09% higher than the median priced home. Local competing homes currently for sale include 2823 W 8th St, 2752 W 15th St and 3110 S Normandie. While the average home in Los Angeles, CA is selling in 97 days, 701 N Fickett St has a days on market of 34 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 701 N Fickett St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 701 N Fickett St

Public county record property details
Beds
--
Baths
--
Year built
1910
Sq. Ft.
5,930
Lot Size
6,947
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
5177-021-026

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$778,000
Median List Price/Sq.Ft.
$536
Median Sold Price
$650,000
Median Sold Price/Sq.Ft.
$525
Total Inventory
11
Median Sale to List Price %
100%
Avg Days on Market
0
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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