1321 Fedora, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
1321 Fedora
Los Angeles, California 90006
Property Price
SUMMARY
Analysis of 1321 Fedora, Los Angeles, California 90006 is currently available with a list price of $949,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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 The kitchens and bathrooms are outdated, featuring older cabinetry, laminate countertops, and vintage tiling.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.
PROSSTRENGTHS & OPPORTUNITIES
- Stable Rental Income
The property features long-term, cooperative tenants and separate metering for gas and electricity, ensuring immediate and reliable cash flow for investors.
- Strategic Location
Situated in the high-demand Pico-Union area near Koreatown, the property offers excellent proximity to major freeways, public transit, and local amenities.
- Development Potential
The 6,502-square-foot lot and gated two-building configuration provide significant future redevelopment opportunities in a growing urban corridor.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1956, the property may require upcoming capital expenditures for modernization or repairs to maintain its competitive edge in the rental market.
- Local School Performance
Most nearby public schools carry lower ratings, which could potentially limit the property's appeal to families prioritizing high-performing educational districts.
About 1321 Fedora
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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1956
- Lot Size
- 6,502 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Los Angeles Elementary School
Grades K-5 • 0.4 mi
Mariposa-Nabi Primary Center
Grades K-2 • 0.5 mi
Magnolia Avenue Elementary School
Grades K-6 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,858 | 2,449.5 | 50% |
| Lot Size | 6,502 | 6,203.5 | 50% |
| Price | $949.0K | $857.5K | 67% |
| Price per sq ft | $332 | $400 | 33% |
| Built year | 1956 | 1919 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 183 | 17% |
Pricing History
Listed for Sale
Feb 26, 2026
$949,000
$995,000
-5% Price Drop
Initial Listing
Price Change
Jan 31, 2026
$995,000
Initial Listing