1242 Fedora Street

Los Angeles, CA 90006

$1,275,000
Price
3
Beds
2
Baths
1,420 Sq. Ft.
$898 / Sq. Ft.
1,420
Sq. Ft.
$898
per Sq. Ft.

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.
  1. Listed by Vinnie Park • DRE #02015848 • Brokerage DRE #01364089 • Keller Williams Larchmont

Property Details for 1242 Fedora Street

Zoning
LAR3
Parcel Number
5078033013
Total Units
2.0
Living Area
1420
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
100
Lot Size Area
5908
LISTING UPDATED: 10/14/2024 05:55 PM

Property Details for 1242 Fedora Street

StatusActive
MLS #24-437361
Days on Market76
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.14 AC / 5,908 SF
CountyLos 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

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 2 bed 1 bed
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $79,200
  • Net Operating Income: $55,662.50
  • Gross Income: $79,200
  • Cap Rate: 4.30%
  • Gross Rent Multiplier: $16.09
  • Total Annual Expense: 23537.5
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1356
  • Lot Size Square Feet: 5908
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 0
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-09-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,600.00
  • Unit Actual Rent: $3,600.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $61,200.00
  • Assessed Improvement Percent: 8.0
  • Assessed Land Value: $703,800.00
  • Assessed Land Percent: 92
  • Assessed Total Value: $765,000.00

Property History for 1242 Fedora Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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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1242 Fedora Street is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on September 9, 2024 by Keller Williams Larchmont, it's currently listed at $1,275,000. It has been on the market for a total of 76 days and was last sold on July 30, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Los Angeles Elementary School, Berendo Middle School and West Adams Preparatory High School. 1242 Fedora Street is a 3-bed, 2-bath, 1,420 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Larchmont, Vinnie Park, DRE #02015848

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.