1138 Fedora St
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1138 Fedora St
15 Unit Apartment Building $1,403,000 ($93,533/Unit) 5.50% Cap Rate Los Angeles, CA 90006
Investment Highlights
- 5 Units
- 100% Leased
Executive Summary
Welcome to an outstanding investment opportunity! This well-maintained 5-unit property is situated in vibrant Koreatown. With desirable R3 zoning and located within an Opportunity Zone, this investment holds great potential. Tenants have consistently paid 100% rent, even during the pandemic, ensuring stability. Plus, with current below-market-rate rents, there's significant room for growth. Perfect for investors considering a 1031 exchange, this property offers reliable income in a thriving market. Additionally, there's potential for an ADU to be built on the property. Don't miss your chance to secure a lucrative addition to your portfolio.
Property Facts
| Price | $1,403,000 | Apartment Style | Low Rise |
| Price Per Unit | $93,533 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.50% | Building Size | 4,106 SF |
| Gross Rent Multiplier | 18 | No. Stories | 2 |
| No. Units | 15 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 1.46/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,403,000 |
| Price Per Unit | $93,533 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 18 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,106 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.46/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,024 | - |
| 2+2 | 2 | $1,518 | - |
| 2+1 | 8 | $1,184 | - |
| 1+1 | 4 | $1,260 | - |
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Walk Score ®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 5078-022-021 | Improvements Assessment | $253,669 |
| Land Assessment | $589,849 | Total Assessment | $843,518 |
PROPERTY TAXES
Parcel Number
5078-022-021
Land Assessment
$589,849
Improvements Assessment
$253,669
Total Assessment
$843,518
zoning
| Zoning Code | LAR3 (Commercial) |
| LAR3 (Commercial) |
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1138 Fedora St
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