701 North Fickett Street

Los Angeles, CA 90033

$1,380,000
Price
12
Beds
3
Baths
5,930 Sq. Ft.
$233 / Sq. Ft.
5,930
Sq. Ft.
$233
per Sq. Ft.

Description

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 downstairs are 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. On a corner lot with access from an alley, it is perfectly positioned. Developers have a lot of high-value...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 downstairs are 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. 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.
  1. Listed by Victor Ramirez • DRE #02096018 • Option One Real Estate • 818-235-9302

Property Details for 701 North Fickett Street

Parking Spaces Total
0
Private Pool
No
Total Units
11.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
5930
Assessor Parcel Number
5177-021-026
Property Attached YN
false
LISTING UPDATED: 11/26/2024 03:47 AM

Property Details for 701 North Fickett Street

StatusActive
MLS #CV24240712
Days on Market7
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1910
Lot Size0.16 AC / 6,948 SF
CountyLos Angeles County

Building Information for 701 North Fickett Street

Stories2Residences-Year Built1910Building Size-Lot Size0.16 AC / 6,948 SF

Property Information for 701 North Fickett Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $139,000
  • Gross Scheduled Income: $0
  • Gross Operating Income: $139,000
  • Net Operating Income: $90,000
  • Gross Multiplier: 8.5
  • Cap Rate: 6.57
Expense Details
  • Operating Expense: $4,800
  • New Taxes Expense: $17,250
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,000
  • Professional Management Expense: $0
  • Trash Expense: $7,662
  • Water Sewer Expense: $18,600
  • Total Expenses: $55,312
Tax / Assessment Info
  • Tax Block: 5
  • Tax Tract Number: 203...
  • Tax Census Tract: 2037.10
  • Tax Lot: 24
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 11
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Private
  • Sewer: Public Sewer
  • Water Source: Private
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,260
  • Unit Type Total Rent: $2,260
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 11
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,803
  • Unit Type Total Rent: $1,803
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 2
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 3
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 4
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 5
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $960
  • Unit Type Total Rent: $960
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 6
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $937
  • Unit Type Total Rent: $937
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 7
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $993
  • Unit Type Total Rent: $993
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 8
Unit 11
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 9
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 701 North Fickett Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 701 North Fickett Street

Taxable ValueLand$747,395Additions$557,758Total$1,305,153
Tax Record2024$16,451 ($1,371 / month)
Home Facts
Total Finished SqFt5,930 SqFtAbove Grade Finished SqFt5,930 SqFtStories1Lot Size6,948 SqFtStyleOffice BuildingYear Built1910ZoningLAC1CountyLOS ANGELESAPN5177-021-026

Schools near 701 North Fickett Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sheridan Street Elementary School
PublicK to 6

Extera Public Schools
CharterK to 8

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

701 North Fickett Street is a mixed use property for sale in Los Angeles, CA 90033. This property was listed for sale on November 26, 2024 by Option One Real Estate, it's currently listed at $1,380,000. It has been on the market for a total of 7 days and was last sold on June 1, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Sheridan Street Elementary School, Extera Public Schools and Theodore Roosevelt Senior High. 701 North Fickett Street is a 12-bed, 3-bath, 5,930 sqft mixed use property built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Option One Real Estate, Victor Ramirez, DRE #02096018

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.