1262 Fedora ST, Los Angeles, CA 90006 – SB25130453

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

$ 5,500,000

Est. payment | -/mo

0.33 Acres Lot

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$ 5,500,000

Est. payment | -/mo

Save

0.33 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25130453

HOA Y/N No

Year Built 1924

Lot Size 0.327 Acres

Property Sub-Type Apartment

Property Description

Seller financing available at 4% IO with 40% Down! 1262 Fedora St is a 43-unit mixed use building located in the Pico Union neighborhood. This massive 35,982 sqft building is offered at only $128k/unit and $153/sqft. The property is currently operating at a 6.73% CAP and 8.36 GRM. There is still over 39% upside available once the property is stabilized. The property is separately metered for gas and electric. The building is comprised of (36) apartment units and (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 units that are currently vacant, offering immediate upside in rental income. 1262 Fedora St is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops, restaurants and amenities nearby, making this an ideal location for renters.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Urban

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5078033012

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Owner May Carry

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Owner May Carry

Special Listing Condition Standard

Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc. 310-259-7556

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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1262 Fedora ST Los Angeles, CA 90006