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937 Fedora St Los Angeles, CA 90006

$1,325,000 Sold Price as of 11/16/2021

12 Beds
8 Baths
6,270 Sq.Ft.

Sold

$1,325,000 Sold Price as of 11/16/2021 Refinance Your Mortgage

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Map preview of 937 Fedora St, Los Angeles, CA 90006

Property Overview: 937 Fedora St Los Angeles, CA has 12 bedrooms, 8 bathrooms, 6,270 living square feet and 6,400 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: New Price Improvement!! We are proud to present this four unit building with each unit having three bedrooms and two bathrooms. Subject building is 6,270 square feet, making it one of the largest properties among similarly configured buildings. It has one unit vacant allowing the future buyer to receive market rents. Property is located in Koreatown, one of the most populated neighborhoods in America. It is also close to downtown, Hollywood, and the 10 freeway making all of Los Angeles accessible with only a car. At $1,750,000 and 6,270 SF of building, this property is at a low building PSF of $279. It also has R4-zoning with a TOC tier 3. That means you may be able to build 16 units by right or 28 units with the bonus density.

Listed by Stephen F. Watson | BRE #01187813 | Keller Williams Downtown LA
Co-listed by Michael R. Fukushima | BRE #01380445 | Keller Williams Downtown LA

Last checked: 13 seconds ago | Last updated: February 5th, 2023 | Source CRMLS | DOM: 333

Home details

Lot Sq. Ft: 6,400
HOA Dues: $0/mo
Year built: 1924
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20652012
City: Los Angeles
County: Los Angeles
Time on Site: 1269 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,900
Total Rent: $2,900
Pro Forma/Market Rent: $2,900

Unit Breakdown 2

# of Units: 3
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $1,145
Total Rent: $3,435
Pro Forma/Market Rent: $2,900

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 21.82
Gross Scheduled Income: --
Net Operating Income: $37,681
Gross Operating Income: $80,220

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 937 Fedora St

Interior Features

Cooling Information

No Cooling
None

Heating Information

No Heating
None

Lot Details / Garage and Parking

Parking/Garage Information

No
Parking Features: None

Property Information

Total # of Units: 4
Parcel Number: 5094022035

Location / Neighborhood

Location Information

Directions: Property is near the corner of Vermont and Olympic. Coming from the 10 freeway, take the Vermont exit. Turn North on Vermont then West on San Marino. Turn North on Fedora. Property is on your left.

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Local Los Angeles Agent

Sale History for 937 Fedora St

Last sold for $1,325,000 on November 16th, 2021

February, 2023
Feb 5, 2023

Date

Canceled

CRMLS: 22215671

$4,750

Price
Nov 4, 2022

Date

Active

CRMLS: 22215671

$4,750

Price
Listing provided courtesy of CRMLS

Completely renovated, all new, fantastic location close to metro, transportation, parks schools, shops, restaurants, banks , close to olympics and wilshire.

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August, 2021
Aug 25, 2021

Date

Price Change

CRMLS: 20651890

$1,450,000

Price
May 3, 2021

Date

Active Under Contract

CRMLS: 20651890

$1,550,000

Price
Apr 22, 2021

Date

Active

CRMLS: 20651890

$1,550,000

Price
Mar 19, 2021

Date

Active Under Contract

CRMLS: 20651890

$1,550,000

Price
Feb 22, 2021

Date

Price Change

CRMLS: 20651890

$1,550,000

Price
Oct 27, 2020

Date

Active

CRMLS: 20651890

$1,750,000

Price
Listing provided courtesy of CRMLS

New Price Improvement!! This Koreatown four-unit property has R4 zoning with a TOC tier 3 bonus! That means up to 16 units by right or up to 28 units with the bonus density can be built on this 6,400 SF lot. Currently, three units are occupied so the future buyer will have income as they get it entitled.

Continue Reading
August, 2021
Aug 24, 2021

Date

Price Change

CRMLS: 20652012

$1,450,000

Price
May 3, 2021

Date

Active Under Contract

CRMLS: 20652012

$1,550,000

Price
Apr 22, 2021

Date

Active

CRMLS: 20652012

$1,550,000

Price
Mar 19, 2021

Date

Active Under Contract

CRMLS: 20652012

$1,550,000

Price
Feb 22, 2021

Date

Price Change

CRMLS: 20652012

$1,550,000

Price
Oct 27, 2020

Date

Active

CRMLS: 20652012

$1,750,000

Price
October, 2020
Oct 15, 2020

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 937 Fedora St

Assessed Value (2020): $110,463

Year	Land Value	Improved Value	Assessed Value
2020	$46,149	$64,314	$110,463

Home Value Compared to the Market

This property vs the competition

937 Fedora St sold on November 16, 2021 for 13.81% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $231.26 per/sqft which puts the price per square foot 70.76% lower than the current median sale per square foot for the city of Los Angeles.

About 937 Fedora St

Detailed summary of property

937 Fedora St is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 12 bedrooms, 8 bathrooms, roughly 6,270 living square feet, and sits on an approximately 6,400 square foot lot. 937 Fedora St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,325,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 13.81% higher than the current median priced home. Local homes that are currently for sale include 1220 S Hobart Blvd, 2756 W 15th St and 1400 S Westmoreland Ave. While the average home in Los Angeles, CA is selling in 100 days, 937 Fedora St has a days on market of 333 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 937 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 937 Fedora St

Public county record property details

Beds: 12
Baths: 8
Year built: 1924
Sq. Ft.: 6,270
Lot Size: 6,399
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 44
APN: 5094-022-035

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.

$597

Median Sold Price

$299,000

Median Sold Price/Sq.Ft.

$650

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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.