2 months on rocket

1242 Fedora St, Los Angeles, CA, 90006

$1,275,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Baths
1,420 SqFt
$898/SqFt
House

Location

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1242 Fedora St, Los Angeles$1,275,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingAssigned
Year Built1922
HeatingWall Furnace
CoolingNone
MLS #24437361
Lot Size0.14 Acres
StatusActive

About 1242 Fedora St

PERMIT PULLED AND FULLY PAID! RTI SB8 CLEARED! SHOVEL READY! DELIVERED FULLY VACANT! OPPORTUNITY ZONE! Outstanding duplex with prime value add potential located at 1242 Fedora Street in the highly desirable Pico-Union area of Los Angeles. This property presents a unique investment opportunity, situated on a 5,908 square foot lot with two non-conforming 3-bedroom, 2-bath units. Title reflects a total of 3 bedrooms and 2 bathroomsbuyer to verify all details. Perfect to build additional ADU for immediate income. Additionally, the property comes with an approved redevelopment plan and permits worth approximately $70,000, already paid for by the sellers, offering an immediate advantage for those looking to build to maximize potential. The proposed plan features a 4-unit property, with each unit consisting of 4 bedrooms. Every unit has been carefully designed with a thoughtful and efficient layout, appealing to tenants and encouraging quick leasing decisions. Located in the bustling neighborhood of Koreatown, this site places you at the epicenter of everything from the vibrant energy of Downtown LA to the glamour of Beverly Hills. The rendering may not entirely represent the finalized plans.

Property Details

Property Features

Property Information:

  • Year Built: 1922
  • Stories: 0
  • Living Area: 1,420 SqFt

Listing Office:

  • Office Name: Keller Williams Larchmont
  • Office Phone: (323) 762-2600
  • Listing Agent: Vinnie Park

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Parking: Assigned

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: North of Pico Blvd and East of Normandie Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,275,000
  • Price Per SqFt: $898/SqFt

Tax Information:

  • Annual Amount: $3,895
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

1242 Fedora St vs Los Angeles

68 DAYS ON ROCKET

+30 Days

$1,275,000

+$251.5K More

$898/SqFt

+$257 More

KEY TAKEAWAY

This property is $251.5K more than the Median Sold Price and $257/SqFt more than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24437361

Listing Office:

  • Office Name: Keller Williams Larchmont
  • Office Phone: (323) 762-2600
  • Listing Agent: Vinnie Park

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 11, 1990Home Sold
$180,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,895$302,120
2020$3,785$299,024
2019$3,657$293,162
2018$3,582$287,415
2017$3,582$281,780

History based on county public records data.

Payment Calculator

$6,431

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,889

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-470263
4
/10

  • Los Angeles Elementary

  • 1211 S Hobart Blvd

  • 0.47 miles

  • Public District Grades KG-5

school-card-donut-470264
4
/10

  • Hobart Boulevard Elementary School

  • 980 S Hobart Blvd

  • 0.57 miles

  • Public District Grades KG-5

school-card-donut-470265
4
/10

  • Magnolia Avenue Elementary School

  • 1626 Orchard Ave

  • 0.63 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,616. The majority of Los Angeles, CA residents have income less than $35k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1242 Fedora St

What is the listing price of this property?

The listing price of 1242 Fedora St property is $1,275,000.

What type of property is this?

The property 1242 Fedora St is a house located in Los Angeles, California, 90006.

Is this property for sale now?

Active Listing: 1242 Fedora St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,895 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 11, 1990 for $180,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1242 Fedora St has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1242 Fedora St is 1,420 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1242 Fedora St is 1922.

Rocket Homes›California›Los Angeles County›Los Angeles›90006›1242 Fedora St

This home is located at 1242 Fedora St in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This 1,420 square foot home, which was built in 1922, sits on a 0.14 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 09, 2024 and is currently priced at $1,275,000.

While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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