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Listed By: Lyon Stahl Investment Real Estate, Inc., 310-259-7556, Cameron Samimi
Local Realty Services Provided By: Keller Williams Realty Los Feliz
US / CA / Los Angeles / Pico-Union West / 1262 Fedora Street
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US / CA / Los Angeles / Pico-Union West / 1262 Fedora Street
1262 Fedora Street, Los Angeles, CA 90006
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US / CA / Los Angeles / Pico-Union West / 1262 Fedora Street

1262 Fedora Street, Los Angeles, CA 90006

Estimation provided by Keller Williams Realty, LLC.
sq ft
ac
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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.

Property Details

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Overview
Property Type
Apartment
Property Size
sq ft
Year Built
1924
Days on Site
17 Days
Parking
No
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US / CA / Los Angeles / Pico-Union West /

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