1147 Fedora Street, Los Angeles, California 90006, Los Angeles, 90006 - 8 bed, 7 bath
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Los Angeles, California 90006
This Renovated Multi-Unit Income Property is a Strong Value Opportunity, listed at $1,500,000—positioned well below the $1,622,756 Fair Market Value by 7%. This valuation gap provides $122,756 in Instant Equity. Featuring a 5% Cap Rate and Renovated Interiors across five units, the asset includes a City Lights View and a Condition Rating of 3. Located in prime Koreatown near USC and Downtown LA, it offers high rental demand and turnkey utility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1147 Fedora Street Subject | $1,500,000* List Price | 8 | 7 | 3,000 | $541 | - |
A 1028 S Kenmore Active | $1,400,000 List Price | 0 | 0 | 2,408 | $581 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1903, the property has undergone significant renovations 'a few years ago' across all units, including new flooring, kitchens, and bathrooms. The images confirm these updates, showcasing clean, functional, and largely contemporary interiors. The main house features hardwood floors, stainless steel kitchen appliances, and a well-maintained bathroom, though the cabinets are a more traditional style. Several back units display modern white shaker cabinets, updated countertops, and stylish tiled bathrooms. The property is move-in ready with no immediate renovation needs, aligning with the 'good' condition criteria for a recently renovated older property.
Explicitly marketed as an 'Amazing Investment Opportunity' with a stated 5% cap rate and the flexibility to 'Live in one and rent the other units or rent all the units,' indicating strong income potential.
Strategically located in Koreatown with convenient access to major LA attractions (LA Convention Center, Crypto Arena, LA Live, USC) and major freeways (10 & 110), ensuring high rental demand and potential appreciation.
Despite being listed as a 'Triplex,' the property description details 5 distinct units, including a main 4 bed/3 bath unit and four additional units (two 2 bed/1 bath with balconies, two lower-level units), maximizing rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3000, other record living area = 2864. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 6.
Built in 1903, the property's age suggests potential for older infrastructure (e.g., plumbing, electrical, roof, foundation) that may require significant future capital expenditures beyond the recent cosmetic renovations.
The listing identifies the property as a 'Triplex' while the description states it 'features 5 units.' This inconsistency requires thorough due diligence to confirm legal permitting and zoning compliance for all units, which could pose risks or require costly regularization.
SUPER MOTIVATED SELLER!!! Amazing Investment Opportunity in Koreatown by Los Angeles nearby Olympic Boulevard and Normandie Ave. You don't want to miss this rare opportunity. Seller renovated all the units few years ago with new flooring, kitchen and bathroom. This triplex features 5 units. Conveniently nearby LA Convention Center, Cryto Arena, LA Live and minutes away from koreatown, Midwilshire, Downtown, USC and more. Easy access to major Fwy 10 & 110. Main 2 story unit has 4 bedroom, 3 bathroom, living room, kitchen island and stainless appliances. Other 4 units are located in the back. 2 units on upper level and 2 units on lower level. Upper level units features 2 bedrooms, 1 bathroom and balcony. There is a storage area for tenants and laundry room for fast rental. 5% cap. Live in one and rent the other units or rent all the units. Great income!
No exterior & parking available.
Grades K-2 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 0.0 | 80% |
| Baths | 7.0 | 0.0 | 80% |
| Square foot | 3,000 | 1,900 | 80% |
| Lot Size | 5,903 | 5,100 | 60% |
| Price | $1.50M | $840.0K | 80% |
| Price per sq ft | $500 | $500 | 50% |
| Built year | 1903 | 1922 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 81 | 203 | 20% |
Jan 31, 2026
$1,500,000
Initial Listing
May 11, 2018
$1,310,000
Public Record