tomo logo

$1,275,000

Beds
16
sq ft
7,178

1242 Fedora St, Los Angeles, CA 90006

1242 Fedora St

Los Angeles, CA 90006

  • 32 days on market
    • Price drop $75,000↓
OPPORTUNITY ZONED!! READY TO ISSUE (RTI) WITH PERMITS ALL PAID, LARGE 4 UNIT PROJECT WITH 4 BEDROOM UNITS EACH! Each unit has been meticulously designed with the most thoughtful layout, which tenants absolutely love and helps them to make quick decision. The property offers the flexibility to build a large complex with units that boast unique and tasteful finishes, ensuring a touch of sophistication. Located in the bustling neighborhood of Koreatown, this site places you at the epicenter of everything from the vibrant energy of Downtown LA to the glamour of Beverly Hills. With an estimated monthly income of approximately $20,000, this investment promises a substantial return. Don't miss the opportunity to secure a property that is not only ready for development but also guarantees a lucrative and worthwhile investment in one of the most sought-after areas of Los Angeles.

Details

Property type

Est. home value

$1,112,080

Lot size

5,908 sq ft

Price per sq ft

$178

Year built

Unknown

HOA

No

Price History

06/07/2024
CLAW

CLAW #24398335

Price change
$1,275,000
-5.56%
05/30/2024
CLAW

CLAW #24398335

Listed
$1,350,000
-9.99%
05/20/2024
CLAW

CLAW #24361799

Removed
$1,499,800

Schools & Community

Neighborhood: 

Harvard Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Banco Popular De Puerto Rico

Loan start date

January 1994

Original loan amount

$127,500

Est. remaining balance

Not provided

Interest rate

7.25%

Loan type

Not Provided

Seller

Vicente Marco

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 7:00 AM

Listing updated: 06/07/2024 at 10:05 PM

Listed by: Vinnie Park, Keller Williams Larchmont Phone #: (323) 762-2600

MLS: CLAW #24398335

CLAW logo

Recently listed in Los Angeles

$1,749,000|3 bd|2.0 ba|House
$1,299,000|5 bd|4.0 ba|House
$1,590,000|4 bd|4.5 ba|House

Explore top cities in California