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1242 Fedora St, Los Angeles, CA 90006
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1242 Fedora St Los Angeles, CA 90006

$1,499,800
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$1,499,800 Get Pre-Qualified
Map preview of 1242 Fedora St, Los Angeles, CA 90006

Property Overview: 1242 Fedora St Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 5,908 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: OPPORTUNITY ZONED!! READY TO ISSUE (RTI) WITH PERMITS ALL PAID, LARGE 4 UNIT PROJECT WITH 4 BEDROOM UNITS EACH! Each unit has been meticulously designed with the most thoughtful layout, which tenants absolutely love and helps them to make quick decision. The property offers the flexibility to build a large complex with units that boast unique and tasteful finishes, ensuring a touch of sophistication. 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. With an estimated monthly income of approximately $20,000, this investment promises a substantial return. Don't miss the opportunity to secure a property that is not only ready for development but also guarantees a lucrative and worthwhile investment in one of the most sought-after areas of Los Angeles.

Listed by Vinnie Park | BRE #02015848 | Keller Williams Larchmont
Last checked: 8 minutes ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 65
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Home details

Lot Sq. Ft
5,908
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
24361799
City
Los Angeles
County
Los Angeles
Time on Site
65 days

Open Houses for 1242 Fedora St

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Property Details for 1242 Fedora St

Lot Details / Garage and Parking
Property Information
  • No View
  • View: None
  • Parcel Number: 5078033013
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North Of Pico East Of Normandie
View more facts & features

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Sale History for 1242 Fedora St

Last sold for $750,000 on July 30th, 2021

  • February, 2024

  • Feb 24, 2024

    Date

    Active

    CRMLS: 24361799

    $1,499,800

    Price

  • July, 2021

  • Jul 30, 2021

    Date

    Sold

    CRMLS: 20664922

    $750,000

    Price

  • Apr 14, 2021

    Date

    Price Change

    CRMLS: 20664922

    $850,000

    Price

  • Jan 28, 2021

    Date

    Price Change

    CRMLS: 20664922

    $950,000

    Price

  • Nov 30, 2020

    Date

    Active

    CRMLS: 20664922

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent opportunity to purchase a duplex with a development opportunity. 1242 Fedora Street is located in the highly desirable Pico-Union submarket of Los Angeles. The property features 1,420 square feet of improvements on a 5,908 square foot lot. As a development opportunity, the property is zoned R3-1 which allows for the development of 7 units bi-right. In addition, since the property is located within the Transit Oriented Community (Tier 2) a developer benefits from a 60% density bonus of 5 units. This brings the total number of buildable units to 12. As a duplex, the property features two 3 Bedroom + 2 Bath units. Rents total $3,513.53 per month. Please do not disturb the tenants, contact listing agents with questions.

  • December, 2020

  • Dec 17, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1242 Fedora St

Assessed Value (2020): $299,024
Year Land Value Improved Value Assessed Value
2020 $239,474 $59,550 $299,024

Home Value Compared to the Market

This property vs the competition

1242 Fedora St is listed 21.34% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000.

About 1242 Fedora St

Detailed summary of property

1242 Fedora St is a land located in Los Angeles, CA 90006 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 5,908 square foot lot. 1242 Fedora St was first listed on ArdentRealEstateGroup.com on February 24, 2024. The homeowner is currently asking $1,499,800. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 21.34% higher than the median priced home. Local competing homes currently for sale include 330 N Bixel St, 1932 Park Ave and 1932 Park Ave. While the average home in Los Angeles, CA is selling in 96 days, 1242 Fedora St has a days on market of 65 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 1242 Fedora St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1242 Fedora St

Public county record property details
Beds
3
Baths
2
Year built
1922
Sq. Ft.
1,420
Lot Size
5,907
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
5078-033-013

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$611
Median Sold Price
$630,000
Median Sold Price/Sq.Ft.
$516
Total Inventory
31
Median Sale to List Price %
90.13%
Avg Days on Market
180
Loan Type
Conventional (25%), FHA (0%), VA (0%), Cash (0%), Other (25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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