1262 Fedora Street, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
ACTIVE$5,150,000$35,892/sqft
1262 Fedora Street, Los Angeles, California 90006
0Bed
0Bath
35,892Sqft
14,259Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Upside Potential: The property offers over 55%+ upside available once stabilized, with 4 currently vacant studio units providing immediate rental income growth opportunities.
Top Cons:
Age of Building: Built in 1924, the property is nearly a century old, which may imply potential for significant deferred maintenance, outdated systems, and higher capital expenditure requirements.
Compared to the nearby listings
Price:$5.15M vs avg $3.12M (+$2,035,000)50%
Size:35,892 sqft vs avg 19,728 sqft50%
Price/sqft:$143 vs avg $22350%
More Insights
Built in 1924 (102 years old).
Condition: Built in 1924, this property is nearly 100 years old. The residential units, particularly the kitchens and bathrooms, are severely outdated with visible wear and tear on appliances, cabinetry, fixtures, and flooring. They require substantial repairs and rehabilitation to meet current living standards. While the commercial spaces appear functional, the overall condition of the residential components and the building's age indicate significant deferred maintenance and necessary capital expenditures.
Year Built
1924
Close
-
List price
$5.15M
Original List price
$5.15M
Price/Sqft
$143
HOA
-
Days on market
-
Sold On
-
MLS number
SB26007645
Home ConditionPoor
Features
Good View:
View-
About this home
2709 Pico Blvd is a 43-unit mixed use building located in the Pico Union neighborhood. This massive 35,982 sqft building is offered at only $119k/unit and $143/sqft. The property is currently operating at a 7.66% CAP and 7.56 GRM. There is still over 55%+ 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.
C
Cameron Samimi
Listing Agent
Nearby schools
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.4mi
3/10
Los Angeles Elementary School
Public,•K-5•0.4mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.6mi
3/10
Magnolia Avenue Elementary School
Public,•K-6•0.6mi
3/10
Leo Politi Elementary School
Public,•K-5•0.7mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•0.7mi
8/10
Hoover Street Elementary School
Public,•K-5•1.0mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.2mi
5/10
Vermont Avenue Elementary School
Public,•K-5•1.2mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•1.3mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.3mi
4/10
Norwood Street Elementary School
Public,•K-5•1.4mi
2/10
Tenth Street Elementary School
Public,•K-5•1.4mi
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•2.2mi
4/10
West Adams Preparatory High School
Public,•9-12•0.7mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.8mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.8mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.8mi
5/10
Foshay Learning Center
Public,•K-12•2.0mi
3/10
Belmont Senior High School
Public,•9-12•2.2mi
5/10
Santee Education Complex
Public,•9-12•2.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.7mi
Price History
Date
Event
Price
08/12/03
Sold
$2,075,000
Condition Rating
Poor
Built in 1924, this property is nearly 100 years old. The residential units, particularly the kitchens and bathrooms, are severely outdated with visible wear and tear on appliances, cabinetry, fixtures, and flooring. They require substantial repairs and rehabilitation to meet current living standards. While the commercial spaces appear functional, the overall condition of the residential components and the building's age indicate significant deferred maintenance and necessary capital expenditures.
Pros & Cons
Pros
Significant Upside Potential: The property offers over 55%+ upside available once stabilized, with 4 currently vacant studio units providing immediate rental income growth opportunities.
Attractive Price Metrics: Offered at a competitive $119k/unit and $143/sqft, presenting a strong value proposition for a mixed-use asset in Los Angeles.
Strong Current Cash Flow: Currently operating at a robust 7.66% CAP rate and 7.56 GRM, indicating solid immediate returns for investors.
Diversified Mixed-Use Income: Comprised of 36 apartment units and 7 commercial spaces (restaurants, retail, salon, etc.), providing multiple income streams and mitigating risk.
Strategic Location & Accessibility: Conveniently located minutes from Downtown Los Angeles with easy access to the 10 and 110 freeways, surrounded by numerous shops, restaurants, and amenities.
Cons
Age of Building: Built in 1924, the property is nearly a century old, which may imply potential for significant deferred maintenance, outdated systems, and higher capital expenditure requirements.
High Concentration of Studio Units: 32 out of 36 residential units are studios, which could limit the tenant pool and potentially lead to higher turnover compared to properties with a more diverse unit mix.
Requires Active Stabilization: Achieving the stated 55%+ upside requires active management, investment, and stabilization efforts, meaning the full potential is not immediately realized upon acquisition.