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1242 Fedora St

0.14 Acres of Commercial Land Offered at $1,275,000 in Los Angeles, CA 90006

Commercial Land California Los Angeles 1242 Fedora St, Los Angeles, CA 90006

Investment Highlights

  • READY TO ISSUE
  • OPPORTUNITY ZONE
  • 4 BEDROOM UNITS EACH
  • PERMIT PAID
  • LARGE 4 UNITS

Executive Summary

OPPORTUNITY ZONE!! Ready to issue (RTI) with permits all paid, large 4-unit project with 4 bedrooms 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.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per AC
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per AC $9.99
Other Income
Annual -
Annual Per AC -
Vacancy Loss
Annual -
Annual Per AC -
Effective Gross Income
Annual $99,999
Annual Per AC $9.99
Taxes
Annual $99,999
Annual Per AC $9.99
Operating Expenses
Annual $99,999
Annual Per AC $9.99
Total Expenses
Annual $99,999
Annual Per AC $9.99
Net Operating Income
Annual $99,999
Annual Per AC $9.99

Property Facts

Price $1,275,000 Property Subtype Commercial
Sale Type Investment Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
Sale Conditions Redevelopment Project Total Lot Size 0.14 AC
No. Lots 1 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type Land
Price $1,275,000
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
Total Lot Size 0.14 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price $1,275,000 Lot Size 0.14 AC
Price Per AC $9,400,644
Price $1,275,000
Price Per AC $9,400,644
Lot Size 0.14 AC

Ready to issue (RTI) with permits all paid, large 4-unit project with 4 bedrooms each! 7.5% Cap Rate

Description

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.

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Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code R3-1
R3-1
(213) 332-9045

  • Listing ID: 31352936

  • Date on Market: 3/28/2024

  • Last Updated:

  • Address: 1242 Fedora St, Los Angeles, CA 90006

More public record information on 1242 Fedora St, Los Angeles, CA 90006

The Land Property at 1242 Fedora St, Los Angeles, CA 90006 is currently available For Sale. Contact PropertyWork for more information.

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1242 Fedora St
(213) 332-9045 x

1242 Fedora St

Vinnie Park

(213) 332-9045

(213) 332-9045

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