1321 Fedora, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
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Los Angeles, California 90006
This 5-unit Residential Income Asset represents a Strong Value Opportunity with a List Price of $949,000—positioned well below the $995,000 Fair Market Value by 4%. This valuation gap provides $46,000 in Instant Equity for the incoming owner. While currently holding a Fair Condition Rating, the property offers immediate stability through long-term tenants and separate metering. The expansive 6,502-square-foot lot and gated 6 parking spaces provide significant future redevelopment upside in the high-demand Pico-Union corridor. This is a strategic acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1321 Fedora Subject | $949,000* List Price | 0 | 0 | 2,858 | $348 | - |
A 1311 Dewey Avenue Sold | $875,000 | 0 | 0 | 2,041 | $429 | 0.1 mi |
B 1713 S Berendo Street Sold | $679,000 | 0 | 0 | 1,900 | $357 | 0.4 mi |
C 2956 W 15th Active | $1,190,000 List Price | 0 | 0 | 2,860 | $416 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, this 5-unit property is functional and occupied but shows significant signs of age. The kitchens and bathrooms are outdated, featuring older cabinetry, laminate countertops, and vintage tiling. While the property is maintained for rental use, the presence of window AC units, wall heaters, and older flooring indicates a lack of recent major renovations, placing it firmly in the fair category.
The property features long-term, cooperative tenants and separate metering for gas and electricity, ensuring immediate and reliable cash flow for investors.
Situated in the high-demand Pico-Union area near Koreatown, the property offers excellent proximity to major freeways, public transit, and local amenities.
The 6,502-square-foot lot and gated two-building configuration provide significant future redevelopment opportunities in a growing urban corridor.
Built in 1956, the property may require upcoming capital expenditures for modernization or repairs to maintain its competitive edge in the rental market.
Most nearby public schools carry lower ratings, which could potentially limit the property's appeal to families prioritizing high-performing educational districts.
Located in the Pico-Union area of Los Angeles, and close to Koreatown, this 5-unit investment property is now for sale! With stable, long-term tenants, this is a sure bet for steady income, with future development opportunity. Close proximity to major streets, Loyola High School, St. Thomas Church and School, and the Normandie Recreation Center. Shops and stores are plentiful, many in walking distance. Easy access to the 10 and 110 freeways and public transportation as well. The property consists of 2 buildings with 6 parking spaces and is fully gated. There are four (4) 1 bedroom/1 bath units, and one (1) 2 bedroom/1 bath unit; separately metered for electricity and gas. Owner pays water/sewer; Tenants pay trash. All units are good sized with paying and cooperative tenants. This is a great property for your 1031 exchange or to begin your investment portfolio! Feel free to drive by, but please do not disturb the tenants.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-2 • 0.5 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,858 | 1,900 | 80% |
| Lot Size | 6,502 | 5,100 | 60% |
| Price | $949.0K | $840.0K | 80% |
| Price per sq ft | $332 | $429 | 20% |
| Built year | 1956 | 1936 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 81 | 203 | 20% |
Feb 26, 2026
$949,000
$995,000
-5% Price Drop
Initial Listing
Jan 31, 2026
$995,000
Initial Listing