Property Detail

Description

FULLY OCCUPIED Prime mixed-use investment opportunity in the heart of Boyle Heights with 11.46 Percent CAP RATE. Situated on a corner lot with alley access, 701 N. Fickett St consists of two buildings featuring residential units and a street-level commercial space currently leased to a market/liquor store. The residential component includes multiple units plus SRO accommodations with shared facilities. Zoned LAC1, the property offers strong in-place income and multiple value-add or redevelopment possibilities. Excellent location near Downtown Los Angeles, major freeways, public transportation, and USC Medical Center. Property sold As-Is. Do not disturb tenants.