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1262 Fedora Street

Los Angeles (City), CA 90006
  • $6,500,000
  • STATUS: Active
  • ON SITE: 122 Days
  • ID#: SB23193902
$6,500,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Christopher Bald of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)


Description

Seller financing available at 4% IO with 40% Down!1262 Fedora St is a 43-unit mixed use buildinglocated in the Pico Union neighborhood. Thismassive 35,982 sqft building is offered at only$151k/unit and $181/sqft. The property is currentlyoperating at a 5.59% CAP and 10.37 GRM. There isstill over 39% upside available once the property isstabilized. The property is separately metered forgas and electric.The building is comprised of (36) apartment unitsand (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 unitsthat are currently vacant, offering immediateupside in rental income.1262 Fedora St is conveniently located just minutesfrom Downtown Los Angeles, with easy access tothe 10 and 110 freeways. There are many shops,restaurants and amenities nearby, making this anideal location for renters.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T00:36:29.117. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/144656311
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1262 Fedora Street Los Angeles (City), CA 90006

  • Price: $6,500,000
  • Status: Active
  • On Site: 122 Days
  • ID#: SB23193902
0
Beds
0
Baths
0
½ Baths
0.33
Acres
1924
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
Seller financing available at 4% IO with 40% Down!1262 Fedora St is a 43-unit mixed use buildinglocated in the Pico Union neighborhood. Thismassive 35,982 sqft building is offered at only$151k/unit and $181/sqft. The property is currentlyoperating at a 5.59% CAP and 10.37 GRM. There isstill over 39% upside available once the property isstabilized. The property is separately metered forgas and electric.The building is comprised of (36) apartment unitsand (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 unitsthat are currently vacant, offering immediateupside in rental income.1262 Fedora St is conveniently located just minutesfrom Downtown Los Angeles, with easy access tothe 10 and 110 freeways. There are many shops,restaurants and amenities nearby, making this anideal location for renters.
Exterior Features

Entry Level 1 Entry Location Front Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 5.59 Common Interest Community Apartment Community Features Urban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 626943 Gross Scheduled Income 626943 Insurance Expense 0 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Net Operating Income 363199 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 244936 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T00:36:29.117. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Christopher Bald of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)