Homes for sale - 1262 Fedora ST, Los Angeles, CA 90006

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JLee Broker

JLeeRealty

[email protected] +1(650) 857-1000

Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.

$5,500,000

Est. payment - /mo

0.33 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSB25130453

Year Built 1924

Lot Size 0.327 Acres

Source California Regional MLS

Property Description

Seller financing available at 4% IO with 40% Down! 1262 Fedora St is a 43-unit mixed use building located in the Pico Union neighborhood. This massive 35,982 sqft building is offered at only $128k/unit and $153/sqft. The property is currently operating at a 6.73% CAP and 8.36 GRM. There is still over 39% upside available once the property is stabilized. The property is separately metered for gas and electric. The building is comprised of (36) apartment units and (7) commercial spaces - it is broken down in to (4) 1Bed+1Bath, (32) Studio+1Bath, (2) restaurants, (2) retail, (1) discount store, (1) salon and (1) upholstery store. There are (4) studio/1-bath units that are currently vacant, offering immediate upside in rental income. 1262 Fedora St is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops, restaurants and amenities nearby, making this an ideal location for renters.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Laundry None

Exterior

Pool None

Building

Water District - Public

Others

Tax ID 5078033012

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1262 Fedora ST Los Angeles, CA 90006

JLee Broker

Key Details

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