1262 Fedora St is a 43-unit mixed use building located in the Pico Union neighborhood. This massive 35,982 sqft building is offered at only $151k/unit and $181/sqft. The property is currently operating at a 5.56% CAP and 10.40 GRM. There is still over 35% upside available once the property is stabilized. The property is master 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. DETAILED RENT ROLL IN THE OM (SUPPLEMENTS)

Information

Price: $6,500,000

Days On Market: 36

Bedrooms: 2

Details

Address: 1262 Fedora ST

County: Los Angeles

City: Los Angeles

Neighborhood: Mid Los Angeles

Zip: 90006

State: California

Location

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Updated: 8th December, 2023 6:23 AM (UTC)

Listing Agent: Cameron Samimi

Listing Office: Lyon Stahl Investment Real Estate, Inc.