1147 Fedora Street, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
ACTIVE$1,650,000
1147 Fedora Street, Los Angeles, California 90006
0Bed
0Bath
3,000Sqft
5,903Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Investment: The property is explicitly described as a '5-unit' and an 'Amazing Investment Opportunity,' providing multiple income streams for potential investors.
Top Cons:
Advanced Age of Property: Built in 1903, the property is over a century old, suggesting potential for significant deferred maintenance, outdated systems (plumbing, electrical), and higher ongoing repair costs.
Compared to the nearby listings
Price:$1.65M vs avg $1.36M (+$285,000)50%
Size:3,000 sqft vs avg 3,282 sqft50%
Price/sqft:$550 vs avg $42750%
More Insights
Built in 1903 (122 years old).
Condition: Built in 1903, this property shows a mix of conditions. While some bathrooms and a kitchenette appear recently updated with modern finishes and LVP flooring, other kitchens feature dated light wood cabinets, older appliances (including a white range), and even carpet flooring, indicating inconsistent and piecemeal renovations. The property is functional and livable but clearly aged, with major components showing signs of being outdated, requiring further updates to achieve a consistent modern standard across all units.
Year Built
1903
Close
-
List price
$1.65M
Original List price
$1.65M
Price/Sqft
$550
HOA
-
Days on market
-
Sold On
-
MLS number
WS25241590
Home ConditionFair
Features
Good View: City Lights
ViewCity Lights
About this home
Amazing Investment Opportunity in Koreatown by Los Angeles. You don't want to miss this rare opportunity. VERY MOTIVATED SELLER! This 5-unit is located walking distance to Olympic Boulevard and Normandie Ave. 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.
Nearby schools
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.2mi
3/10
Los Angeles Elementary School
Public,•K-5•0.4mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.5mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•0.6mi
3/10
Leo Politi Elementary School
Public,•K-5•0.7mi
3/10
Magnolia Avenue Elementary School
Public,•K-6•0.7mi
8/10
Hoover Street Elementary School
Public,•K-5•0.9mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•1.2mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.2mi
5/10
Vermont Avenue Elementary School
Public,•K-5•1.3mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.4mi
2/10
Tenth Street Elementary School
Public,•K-5•1.4mi
4/10
Norwood Street Elementary School
Public,•K-5•1.5mi
3/10
Berendo Middle School
Public,•6-8•0.3mi
5/10
Pio Pico Middle School
Public,•6-8•1.2mi
3/10
John H. Liechty Middle School
Public,•6-8•1.7mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.7mi
4/10
John Adams Middle School
Public,•6-8•2.4mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.7mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.7mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.7mi
4/10
West Adams Preparatory High School
Public,•9-12•0.8mi
5/10
Foshay Learning Center
Public,•K-12•2.2mi
3/10
Belmont Senior High School
Public,•9-12•2.2mi
5/10
Santee Education Complex
Public,•9-12•2.5mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.9mi
Price History
Date
Event
Price
05/11/18
Sold
$1,310,000
Condition Rating
Fair
Built in 1903, this property shows a mix of conditions. While some bathrooms and a kitchenette appear recently updated with modern finishes and LVP flooring, other kitchens feature dated light wood cabinets, older appliances (including a white range), and even carpet flooring, indicating inconsistent and piecemeal renovations. The property is functional and livable but clearly aged, with major components showing signs of being outdated, requiring further updates to achieve a consistent modern standard across all units.
Pros & Cons
Pros
Multi-Unit Investment: The property is explicitly described as a '5-unit' and an 'Amazing Investment Opportunity,' providing multiple income streams for potential investors.
Prime Koreatown Location: Strategically located in Koreatown, within walking distance to Olympic Boulevard and Normandie Ave, and minutes from major LA attractions like LA Convention Center, Crypto Arena, LA Live, Downtown, and USC.
Excellent Accessibility: Offers easy access to major Freeways 10 & 110, enhancing convenience for residents and improving its appeal for commuters.
Motivated Seller: The listing highlights a 'VERY MOTIVATED SELLER,' which could present a favorable negotiation opportunity for buyers.
City Lights View: The property features a desirable 'City Lights' view, adding aesthetic appeal and potentially increasing its market value.
Cons
Advanced Age of Property: Built in 1903, the property is over a century old, suggesting potential for significant deferred maintenance, outdated systems (plumbing, electrical), and higher ongoing repair costs.
Lack of Unit Specifics: The description lacks details on the current condition of individual units, occupancy rates, or existing rental income, which are crucial for a comprehensive investment analysis.
Potential for Extensive Renovation: Given its age and framing as an 'investment opportunity,' it's highly probable that the property requires substantial renovation and upgrades to maximize rental potential and meet modern standards, incurring significant upfront capital.