1262 Fedora St, Los Angeles, CA 90006

1262 Fedora St, Los Angeles, CA 90006

Los Angeles, CA
$6,500,000

Property Description

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)

Property Features

  • Sale Price: $6,500,000
  • Area Size: 35,982 Sq. Ft.
  • Land Area: 0.33 AC
  • Year Built: 1924
  • Listing Date: 10/24/2023
  • Units: 43
  • Current GRM: 10.40
  • Current Cap Rate: 5.56%
  • Price Per Unit: $151,163
  • Market GRM: 7.71
  • Market Cap Rate: 8.82%
  • Current NOI: $361,183

Lyon Stahl Investment Real Estate

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