1138 Fedora Street

Los Angeles, CA 90006

$1,495,000
Price
10
Beds
6
Baths
4,106 Sq. Ft.
$364 / Sq. Ft.
4,106
Sq. Ft.
$364
per Sq. Ft.

Description

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....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.
  1. Listed by Sooyoun Kim • DRE #02198217 • Brokerage DRE #01004371 • Masters Realty & Investment
  2. Listed by Steven Bae • DRE #02033375 • Brokerage DRE #01004371 • Masters Realty & Investment

Property Details for 1138 Fedora Street

Zoning
LAR3
Parcel Number
5078022021
Total Units
5.0
Living Area
4106
Source Living Area
Assessor
Area
Mid-Wilshire (C17)
Vacancy Rate
0
Lot Size Area
5908

Location

Listing Courtesy of Masters Realty & Investment, Sooyoun Kim, DRE #02198217; Masters Realty & Investment, Steven Bae, DRE #02033375
Add your commute
LISTING UPDATED: 04/17/2024 02:59 PM

Property Details for 1138 Fedora Street

StatusActive
MLS #24-368315
Days on Market44
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.14 AC / 5,908 SF
CountyLos Angeles County

Location

Listing Courtesy of Masters Realty & Investment, Sooyoun Kim, DRE #02198217; Masters Realty & Investment, Steven Bae, DRE #02033375
Add your commute

Building Information for 1138 Fedora Street

Stories-Residences-Year Built1963Building Size-Lot Size0.14 AC / 5,908 SF

Payment Calculator

$9,068 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,159

Property Taxes

$909

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1138 Fedora Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 5
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $86,040
  • Net Operating Income: $77,160.00
  • Gross Income: $7,170
  • Gross Rent Multiplier: $18.00
  • Owner Pays: Water
  • Total Annual Expense: 740
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1356
  • Lot Size Square Feet: 5908
Parking Details
Parking Details
  • Parking Garage: Detached
  • Total Parking: 0
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-15-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,024.00
  • Unit Actual Rent: $2,024.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,518.00
  • Unit Actual Rent: $1,518.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,184.00
  • Unit Actual Rent: $1,184.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,260.00
  • Unit Actual Rent: $1,260.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,184.00
  • Unit Actual Rent: $1,184.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $248,696.00
  • Assessed Improvement Percent: 30.07
  • Assessed Land Value: $578,284.00
  • Assessed Land Percent: 69.93
  • Assessed Total Value: $826,980.00

Property History for 1138 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 1138 Fedora Street

Taxable ValueLand$578,284Additions$248,696Total$826,980
Tax Record2023$10,908 ($909 / month)
Home Facts
Total Finished SqFt4,106 SqFtAbove Grade Finished SqFt4,106 SqFtLot Size5,908 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLAR3CountyLOS ANGELESAPN5078-022-021

Schools near 1138 Fedora Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Los Angeles 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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1138 Fedora Street is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on March 14, 2024 by Masters Realty & Investment, it's currently listed at $1,495,000. It has been on the market for a total of 44 days and was last sold on May 4, 2012. This listing's school district is Los Angeles Unified School District. Nearby schools include Los Angeles Elementary School, Berendo Middle School and West Adams Preparatory High School. 1138 Fedora Street is a 10-bed, 6-bath, 4,106 sqft multi-family home built in 1963.

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 Masters Realty & Investment, Sooyoun Kim, DRE #02198217; Masters Realty & Investment, Steven Bae, DRE #02033375

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.