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$1,400,000   Price Analysis
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701 N Fickett St
Los Angeles, CA 90033
13 bed 4 bath 5,930 SqFt ($236/SqFt)
6,948SqFt lot. Built 1910
Listed 2024-03-13, Taxes $15,403		Ⓧ USDA Ineligible
due to price & location
near Los Angeles

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) two-bedroom apartments, (1) one-bedroom apartment and (1) unit with seven single-room occupancy units with two shared bathrooms and one shared kitchen. Building tw 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 Heig hts 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.


Presented by Nathan Gruber at
The Group Realty, Inc.


Property MLS #OC24045869 from CRMLS

Bedrooms: 13

Full Bathrooms: 4

Lot Description: 11-15 Units/Acre
Lot Size Acres: 0.1595041
Lot Size Source: Assessor
Lot Size Square Feet: 6948

Parking Features: Parking YN: Yes, Parking Features: Paved, Private

Number of Units: 11
Unit Features: Bedrooms in Unit 11 : 1
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 1
Bedrooms in Unit-9: 1
Bedrooms in Unit-10: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1

Calculated Total Monthly Association Fees: 0
Maintenance Expense: 8500.00

Number of Units Leased: 8
Rent Control: Yes

Community Features: Urban

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Exclusions: Tenant personal property
Insurance Expense: 2532.00
Area: BOYH - Boyle Heights
Source Neighborhood: BOYH - Boyle Heights
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 5177021026
Pest Control Expense: 1250.00
Postal Code Plus 4: 2571
Trash Expense: 3840.00
Zoning: LAC1
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$536,100 + $718,374
$1,254,474		$15,403
2021$525,589 + $704,289
$1,229,878		$15,190
2020$520,200 + $697,068
$1,217,268		$15,338
2019$510,000 + $683,400
$1,193,400		$14,743
2018$226,246 + $338,293
$564,539		$7,342
2017$221,810 + $331,660
$553,470		$7,189
2016$217,461 + $325,157
$542,618		$6,964
2015$214,195 + $320,273
$534,468		$6,868
2014$216,044 + $272,898
$488,942		$6,478
2013$215,068 + $271,665
$486,733		$6,478
2012$210,851 + $266,339
$477,190		$6,566
2010$206,717 + $261,117
$467,834		$6,454
2009$205,661 + $259,782
$465,443		$6,222
2009$205,173 + $259,166
$464,339		$6,222
2008$201,629 + $254,689
$456,318		$5,971
2007$197,676 + $249,696
$447,372		$5,755

Relisted 2024-08-04
$1,400,000
CRMLS
Listing removed 2024-08-03
$0
CRMLS
Relisted 2024-07-31
$1,400,000
CRMLS
Listing removed 2024-07-30
$0
CRMLS
Listed 2024-03-13
$1,400,000
CRMLS
Listing removed 2023-11-20
$0
CRMLS
Listed 2023-07-27
$1,400,000
CRMLS
Listing removed 2023-07-06
$0
CRMLS
Listed 2023-04-02
$1,500,000
CRMLS
Listing removed 2023-01-14
$0
CRMLS
Listed 2022-11-04
$1,299,500
CRMLS
Listing removed 2022-07-21
$0
CRMLS
Listed 2022-06-21
$1,500,000
CRMLS
Listing removed 2022-04-12
$1,530,000
CRISNET
Listed 2021-10-07
$1,530,000
CRISNET
Sold 2018-06-05
$1,170,000
Public Record
Sold 2014-03-27
$524,000
Public Record
Sold 2005-03-07
$430,000
Public Record
Sold 2004-06-21
$402,500
Public Record
Sold 2003-04-24
$290,000
Public Record
Listing removed 1999-10-01
$320,000
ITECH
Listed 1999-05-01
$320,000
ITECH
Sold 1986-05-27
$95,000
Public Record

Net Operating Income: 155140.00

Total Square Feet Living: 5930
Year Built: 1910
Building Features: 2
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Front Door
Property Age: 114
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Commercial/Residential
Year Built Source: Estimated

Electric Expense: 14612.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 6262.00
Water Source: Public

Sheridan Street Elementary School is a public elementary school located approximately 0.2 miles away.
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Hollenbeck Middle School is a public middle school located approximately 1 miles away.
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Assumption Elementary School is a private elementary and middle school located approximately 0.4 miles away.
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East Los Angeles Occupational is a public elementary, middle and high school located approximately 0.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.