1242 Fedora Street
$1,275,000
3
2
1,420
1,420
$898
Description
Permit pulled and fully paid! Rti sb8 cleared! Shovel ready! Delivered fully vacant! Opportunity zone! Outstanding duplex with prime value add potential located at 1242 Fedora Street in the highly desirable Pico-Union area of Los Angeles. This property presents a unique investment opportunity, situated on a 5,908 square foot lot with two non-conforming 3-bedroom, 2-bath units. Title reflects a total of 3 bedrooms and 2 bathroomsbuyer to verify all details. Perfect to build additional ADU for immediate...Permit pulled and fully paid! Rti sb8 cleared! Shovel ready! Delivered fully vacant! Opportunity zone! Outstanding duplex with prime value add potential located at 1242 Fedora Street in the highly desirable Pico-Union area of Los Angeles. This property presents a unique investment opportunity, situated on a 5,908 square foot lot with two non-conforming 3-bedroom, 2-bath units. Title reflects a total of 3 bedrooms and 2 bathroomsbuyer to verify all details. Perfect to build additional ADU for immediate income. Additionally, the property comes with an approved redevelopment plan and permits worth approximately $70,000, already paid for by the sellers, offering an immediate advantage for those looking to build to maximize potential. The proposed plan features a 4-unit property, with each unit consisting of 4 bedrooms. Every unit has been carefully designed with a thoughtful and efficient layout, appealing to tenants and encouraging quick leasing decisions. Located in the bustling neighborhood of Koreatown, this site places you at the epicenter of everything from the vibrant energy of Downtown LA to the glamour of Beverly Hills. The rendering may not entirely represent the finalized plans.
- Listed by Vinnie Park • DRE #02015848 • Brokerage DRE #01364089 • Keller Williams Larchmont
Property Details for 1242 Fedora Street
Zoning
LAR3
Parcel Number5078033013
Total Units2.0
Living Area1420
Source Living AreaVendor Enhanced
AreaMid-Wilshire (C17)
Vacancy Rate100
Lot Size Area5908
LISTING UPDATED: 10/14/2024 05:55 PM
Property Details for 1242 Fedora Street
Status | Active |
---|---|
MLS # | 24-437361 |
Days on Market | 76 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1922 |
Lot Size | 0.14 AC / 5,908 SF |
County | Los Angeles County |
Building Information for 1242 Fedora Street
Stories-Residences-Year Built1922Building Size-Lot Size0.14 AC / 5,908 SF
Property Information for 1242 Fedora Street
Property History for 1242 Fedora Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1242 Fedora Street
Taxable ValueLand$717,876Additions$62,424Total$780,300
Tax Record2024$9,717 ($810 / month)
Home Facts
Total Finished SqFt1,420 SqFtAbove Grade Finished SqFt1,420 SqFtLot Size5,908 SqFtStyleDuplexYear Built1922ZoningLAR3CountyLOS ANGELESAPN5078-033-013
Schools near 1242 Fedora Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Los Angeles Elementary School PublicK to 5 | ||
Berendo Middle School Public6 to 8 | ||
West Adams Preparatory High School Public9 to 12 | ||
Monsenor Oscar Romero Charter Middle School Charter6 to 8 |
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.
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