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1242 Fedora Street

Los Angeles (City), CA 90006
  • $750,000
  • STATUS: Closed
  • ON SITE: 246 days
  • ID#: 20664922
Sold - 07/30/2021
$750,000
SOLD - 07/30/2021
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Excellent opportunity to purchase a duplex with a development opportunity. 1242 Fedora Street is located in the highly desirable Pico-Union submarket of Los Angeles. The property features 1,420 square feet of improvements on a 5,908 square foot lot. As a development opportunity, the property is zoned R3-1 which allows for the development of 7 units bi-right. In addition, since the property is located within the Transit Oriented Community (Tier 2) a developer benefits from a 60% density bonus of 5 units. This brings the total number of buildable units to 12. As a duplex, the property features two 3 Bedroom + 2 Bath units. Rents total $3,513.53 per month. Please do not disturb the tenants, contact listing agents with questions.

Sold by Sabrina Torkan of Engel & Volkers Beverly Hills.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T23:29:32.043. 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 Realty ONE Group Southwest. Licensed in the State of California, USA.
www.necolrealty.com/homes/112279465
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1242 Fedora Street Los Angeles (City), CA 90006

  • Price: $850,000
  • Status: Closed
  • ID#: 20664922
0
Beds
0
Baths
0
½ Baths
0.13
Acres
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
Excellent opportunity to purchase a duplex with a development opportunity. 1242 Fedora Street is located in the highly desirable Pico-Union submarket of Los Angeles. The property features 1,420 square feet of improvements on a 5,908 square foot lot. As a development opportunity, the property is zoned R3-1 which allows for the development of 7 units bi-right. In addition, since the property is located within the Transit Oriented Community (Tier 2) a developer benefits from a 60% density bonus of 5 units. This brings the total number of buildable units to 12. As a duplex, the property features two 3 Bedroom + 2 Bath units. Rents total $3,513.53 per month. Please do not disturb the tenants, contact listing agents with questions.
Exterior Features

View None View YN No

Property Features

Additional Parcels YN No Listing Agreement Seller Reserved Listing Service Full Service Possession Close Of Escrow Senior Community YN No Special Listing Conditions Standard Zoning Lar3

Listing provided courtesy of Peter Strauss of Iconic Investments and Adam Zunder of Iconic Investments


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T23:29:32.043. 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 Realty ONE Group Southwest. Licensed in the State of California, USA.
 
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