Los Angeles – High Income Mix-Use Boarding House & Retail Market [$1,288,000 / COMING SOON]

commercial for Sales, income property

Executive Summary (Investor / Developer Overview)

701 N. Fickett St is a corner-lot mixed-use property in the heart of Boyle Heights, featuring residential income + street-level retail, alley access, and LAC1 zoning. The property has been consistently marketed as an 11–12 unit mixed-use asset with strong in-place income and multiple repositioning or redevelopment paths.

This asset is best suited for:

  • Value-add investors
  • SRO / workforce housing operators
  • Developers seeking TOD-adjacent mixed-use opportunities
  • 1031 exchange buyers

Property Snapshot

  • Address: 701 N. Fickett St, Los Angeles, CA 90033
  • Neighborhood: Boyle Heights (BOYH)
  • APN: 5177-021-026
  • Zoning: LAC1 (Commercial / Residential)
  • Lot Size: ±6,950 SF (0.16 acres)
  • Building Size: ±5,930 SF
  • Year Built: 1910
  • Buildings: 2
  • Parking: 0 (alley access)
  • Occupancy: Fully occupied (per prior listings)

Unit & Use Breakdown

Building 1 – Residential (2-Story)

  • Lower Level:
    • (2) One-Bedroom Units
    • (1) Two-Bedroom Unit
  • Upper Level:
    • (7) Single-Room Occupancy (SRO) units
    • Shared bathrooms (2)
    • Shared kitchen (1)

Several listings reference partial renovations to the downstairs units, indicating upside through further interior upgrades or re-configuration.

Building 2 – Commercial

  • One-story retail building
  • Currently leased to a market / liquor store
  • Provides stable commercial income and enhances mixed-use valuation

Financial Highlights (Historical)

Financials vary across listings; buyers should verify rents and expenses during due diligence.

  • Reported Gross Scheduled Income:
    • Up to $196,104 annually in prior listings
  • Reported NOI Range:
    • $83,000 – $155,000+
  • Cap Rate References:
    • ~6.5% to 9.6% depending on pricing and rent assumptions
  • Operating Expenses:
    • Historically reported between $40,000 – $65,000 annually

Investment Highlights

✔ Corner Lot + Alley Access
✔ LAC1 Zoning – flexible commercial/residential use
✔ Mixed-Use Income Stream (Residential + Retail)
✔ SRO Component – strong demand in urban LA submarkets
✔ Value-Add Potential via:

  • Rent optimization
  • Unit renovations
  • Expense rationalization
  • Possible re-development or density reconfiguration (buyer to verify)

✔ Transit-Oriented Location

  • Minutes to DTLA
  • Near Soto St, Cesar Chavez Ave
  • Close to USC Medical Center
  • Easy access to I-10 freeway & public transit

Charles Lee | Certified Probate & Trust Specialist | Relocation Expert

Broker | One Group Realty | DRE #01361071
 charleslee@onegrouprealty.com | 714.614.2426
www.OneGroupRealty.com

Your Trusted Real Estate Partner in Southern California

As a Certified Probate & Trust Specialist and a Relocation Expert, I provide tailored solutions for homeowners, investors, and families transitioning into new chapters of their lives.

default
default