RealKey
‪(213) 433-7766‬

1031 N Fickett Street, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath

1031 N Fickett Street, Los Angeles, California 90033 home-pic-0
ACTIVE$698,000
1031 N Fickett Street, Los Angeles, California 90033
0Bed
0Bath
1,248Sqft
3,682Lot
Year Built
1913
Close
-
List price
$698K
Original List price
$745K
Price/Sqft
$559
HOA
-
Days on market
-
Sold On
-
MLS number
MB24209297
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $698.0K(44th), sqft - 1248(13th), beds - undefined(50th), baths - undefined(50th).

Charming Boyle Heights Duplex in a Prime Location! This property offers two well-appointed 1-bedroom, 1-bathroom units. Each unit boasts granite countertops, abundant storage, and a breakfast bar that complements the bright and open floor plan. Other highlights include laminate flooring, in-unit laundry hookups, and a spacious bedroom with a walk-in closet. With separate electric and gas meters for each unit, plus private front and backyard spaces, this property is perfect for first-time home buyers looking to offset their mortgage with rental income or for savvy investors seeking a solid buy-and-hold opportunity. Conveniently located less than 1 mile from USC Medical Center, 7 minutes from Cal State LA, and just 15 minutes from Downtown LA, this duplex sits in the heart of the lively Boyle Heights and East LA area.

Price History

Date
Event
Price
07/25/22
Sold
$620,500
02/04/09
Sold
$140,000
10/17/05
Sold
$405,000
04/04/05
Sold
$334,772
03/30/04
Sold
$220,000
05/23/03
Sold
$155,000
Condition Rating
Fair
Built in 1913, this property has undergone cosmetic updates, including laminate flooring, fresh paint, and kitchens with granite-look laminate countertops and basic black/white appliances. While these updates make the units move-in ready and functional, the style of the kitchens and bathrooms (not explicitly shown but implied by the overall aesthetic) appears to be from a renovation 15-30 years ago, rather than a recent overhaul. The presence of wall-mounted AC units and wall heaters indicates a lack of modern central HVAC. The property's advanced age suggests that major foundational systems (plumbing, electrical, roof) are likely original or significantly aged, requiring potential substantial capital expenditure in the near future, despite the visible upkeep. It is maintained and livable but shows signs of being outdated in key areas and systems.
Pros & Cons

Pros

Strong Income Potential: The duplex configuration with two separate 1-bedroom, 1-bathroom units and individual utility meters is ideal for owner-occupants seeking mortgage offset or investors looking for a steady rental income stream.
Excellent Central Location: Conveniently located less than 1 mile from USC Medical Center, 7 minutes from Cal State LA, and 15 minutes from Downtown LA, making it highly attractive to students, medical professionals, and urban commuters.
Desirable Unit Features: Each unit boasts modern amenities such as granite countertops, laminate flooring, in-unit laundry hookups, and a spacious bedroom with a walk-in closet, enhancing tenant appeal.
Private Outdoor Spaces: The inclusion of private front and backyard spaces for each unit adds significant value and desirability for tenants, offering more privacy and utility than typical multi-unit properties.
Separate Utility Metering: Individual electric and gas meters for each unit simplify tenant billing and reduce landlord management responsibilities and potential disputes over utility costs.

Cons

Advanced Age of Structure: Built in 1913, the property likely has original or significantly aged foundational systems (plumbing, electrical, roof) that may require substantial capital expenditure in the near future, despite cosmetic updates.
Limited Unit Configuration: Both units are 1-bedroom, 1-bathroom, which restricts the potential tenant pool to singles or couples and may limit maximum rental income compared to properties with larger unit configurations.
Recent Price Adjustment: The property has undergone a price reduction from its original listing of $745,000 to $698,000, potentially indicating an initial overvaluation or a need for more aggressive pricing to attract offers.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state