$ 1,275,000
1242 Fedora ST Los Angeles, CA 90006
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$ 1,275,000
Est. payment /mo
Active
1242 Fedora ST Los Angeles, CA 90006
3 Beds
2 Baths
1,420 SqFt
UPDATED:
10/15/2024 01:04 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,420 sqft
Price per Sqft $897
MLS Listing ID 24437361
Bedrooms 3
HOA Y/N No
Year Built 1922
Lot Size 5,906 Sqft
Property 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 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.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Assigned
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5078033013
Special Listing Condition Standard
Listed by Vinnie Park • Keller Williams Larchmont