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… Read More 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. Read Less
Property listed by Keller Williams Larchmont, Vinnie Park 323-762-2600
Listing Snapshot
Days Online
81
Last Updated
Property Type
Other
Beds
3
Square Ft.
1,420
Lot Size
0.14 Acres
Year Built
1922
MLS Number
24437361
30 Days Snapshot Of 90006
$727k
+5%
(avg) sold price
2
-33%
homes sold
56
-25%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1922, Building area total: 1,420, Levels: One, Living area: 1420, 1 story, 2 buildings
Cooling
None
Heating
WallFurnace
Income
Gross income: $79,200, Net operating income: $55,663
Lot
0.1356 acres, 5,908 square feet, Size: 5,908
Parking
Assigned
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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