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    1/2 BATHS
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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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School Ratings & Info

Description

New Price Improvement!! We are proud to present this four unit building with each unit having three bedrooms and two bathrooms. Subject building is 6,270 square feet, making it one of the largest properties among similarly configured buildings. It has one unit vacant allowing the future buyer to receive market rents. Property is located in Koreatown, one of the most populated neighborhoods in America. It is also close to downtown, Hollywood, and the 10 freeway making all of Los Angeles accessible with only a car. At $1,750,000 and 6,270 SF of building, this property is at a low building PSF of $279. It also has R4-zoning with a TOC tier 3. That means you may be able to build 16 units by right or 28 units with the bonus density.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-20T07:42:17.917. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.jelmbergteam.com/homes/111390376
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937 Fedora St Los Angeles, CA 90006

  • Price: $1,450,000
  • Status: Active
  • Updated: 37 min ago
  • MLS #: 20-652012
12
Beds
0
Baths
0
½ Baths
0.15
Acres
6,270
SQFT
$231
$/SQFT
1924
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
New Price Improvement!! We are proud to present this four unit building with each unit having three bedrooms and two bathrooms. Subject building is 6,270 square feet, making it one of the largest properties among similarly configured buildings. It has one unit vacant allowing the future buyer to receive market rents. Property is located in Koreatown, one of the most populated neighborhoods in America. It is also close to downtown, Hollywood, and the 10 freeway making all of Los Angeles accessible with only a car. At $1,750,000 and 6,270 SF of building, this property is at a low building PSF of $279. It also has R4-zoning with a TOC tier 3. That means you may be able to build 16 units by right or 28 units with the bonus density.
Exterior Features

Lot Size Area 6400 Other Structures None Parking Garage None Total Parking 0

Interior Features

Baths Total 8.00 Cooling None Equipment None Heating None

Property Features

Assessed Total Value 104094 Gross Income 80220 Gross Operating Income 80220 Like Units1 1 Like Units2 3 Net Operating Income 37681.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 42539 Type Of Units 3+2 Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of Stephen F. Watson DRE#01187813 of Keller Williams Downtown La.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-20T07:42:17.917. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The Jelmberg Team | Keller Williams
39-575 Washington Street, Suite #105
Palm Desert CA, 92211