1046 Fedora Street

Los Angeles, CA 90006

$1,399,000
Price
5
Beds
4
Baths
2,300 Sq. Ft.
$608 / Sq. Ft.
2,300
Sq. Ft.
$608
per Sq. Ft.

Description

Prime Location! R4 Zoned Development Opportunity in cibrant Korea Town. This tastefully remodeled duplex is situated in a highly sought-after area with a strong rental demand, making it a haven for walkers. Close to many businesses so daily errands do not require a car. This investment property has a lot of pride of ownership. This property features upgraded electrical and gas pipes all within a few years ago. Both units feature fresh paint, with one unit comprising 3 bedrooms and 2 baths, while...Prime Location! R4 Zoned Development Opportunity in cibrant Korea Town. This tastefully remodeled duplex is situated in a highly sought-after area with a strong rental demand, making it a haven for walkers. Close to many businesses so daily errands do not require a car. This investment property has a lot of pride of ownership. This property features upgraded electrical and gas pipes all within a few years ago. Both units feature fresh paint, with one unit comprising 3 bedrooms and 2 baths, while the second unit offers 2 bedrooms and 2 baths. Additionally, there's a studio unit. Presently yielding three rental incomes, this property offers great value at an attractive price. Don't miss out on this exceptional investment opportunity!
  1. Listed by Susie H. Kim • DRE #01017244 • Brokerage DRE #01791559 • Redpoint Realty

Property Details for 1046 Fedora Street

Zoning
LAR4
Parcel Number
5078015016
Total Units
3.0
Living Area
2300
Source Living Area
Assessor
Area
Mid-Wilshire (C17)
Vacancy Rate
0
Lot Size Area
5907

Location

Listing Courtesy of Redpoint Realty, Susie H. Kim, DRE #01017244
Add your commute
LISTING UPDATED: 05/02/2024 12:01 AM

Property Details for 1046 Fedora Street

StatusActive
MLS #24-383761
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.14 AC / 5,907 SF
CountyLos Angeles County

Location

Listing Courtesy of Redpoint Realty, Susie H. Kim, DRE #01017244
Add your commute

Building Information for 1046 Fedora Street

Stories2Residences-Year Built1905Building Size-Lot Size0.14 AC / 5,907 SF

Payment Calculator

$8,883 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,635

Property Taxes

$1,248

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1046 Fedora Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: 3 units
  • Security Features: Gated
  • Direction Faces: East
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Financing: Conventional
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $61,200
  • Net Operating Income: $54,200.00
  • Gross Income: $69,200
  • Gross Rent Multiplier: $69,200.00
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 8000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1356
  • Lot Size Square Feet: 5907
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 5
  • Parking Features: Gated
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Flooring: Laminate
  • Equipment: Dishwasher, Gas Dryer Hookup, Range/Oven
  • Room Bathroom Features: Remodeled
  • Bathroom Features: Remodeled
  • Cooking Appliances: Cooktop - Gas, Gas, Oven-Gas
  • Laundry: Laundry Area
  • Laundry Equipment: Lease
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Roof: Composition
  • Sprinklers: Sprinkler System
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-24-2024
  • Tenant Pays: Cable TV, Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,200.00
  • Unit Actual Rent: $1,200.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $380,908.00
  • Assessed Improvement Percent: 23.08
  • Assessed Land Value: $999,360.00
  • Assessed Land Percent: 76.92
  • Assessed Total Value: $1,459,268.00

Property History for 1046 Fedora Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1046 Fedora Street

Taxable ValueLand$936,360Additions$280,908Total$1,217,268
Tax Record2023$14,978 ($1,248 / month)
Home Facts
Total Finished SqFt1,582 SqFtAbove Grade Finished SqFt1,582 SqFtLot Size5,907 SqFtStyleDuplexYear Built1905ZoningLAR4CountyLOS ANGELESAPN5078-015-016

Schools near 1046 Fedora Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Mariposa-Nabi Primary Center
PublicK to 2

Hobart Boulevard Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1046 Fedora Street is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on April 24, 2024 by Redpoint Realty, it's currently listed at $1,399,000. It has been on the market for a total of 11 days and was last sold on June 10, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Mariposa-Nabi Primary Center, Hobart Boulevard Elementary School and Berendo Middle School. 1046 Fedora Street is a 5-bed, 4-bath, 2,300 sqft multi-family home built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Redpoint Realty, Susie H. Kim, DRE #01017244

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.