1053 Fedora Street

  • Los Angeles

  • $3,500,000
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Residential Income Details

Description
PRIME KOREATOWN VALUE ADD DEVELOPMENT OPPORTUNITY - Within half a block south of Olympic Boulevard: Vacant Land, DOUBLE LOT Zoned R4-1, 92 x 128' (APNs: 5078016009and5078016010), completely RTI and SHOVEL READY for a first class 40 UNIT MULTIFAMILY Development. Priced to sell at $87,500/door ($296/sqft of land)!! Alternatively, at this land price and with this large lot size, plans can be redrawn for a 50 UNIT DEVELOPMENT (PER TOC TIER3) with generous sized units (average 650 sqft) for added value at $70,000/unit. Gross buildable approx 50,155 sqft. MIX: 4 Studios, 28 units 1bed/1bath, 8 units 2bed/2bath.
Essential
MLS #18374416
Price$3,500,000
Number of Units40
Sale TypeStandard
StatusActive
Listing BrokerageKeller Williams Rlty Brentwood
Listing AgentTannaz Kamran-Rahbar
Listing Agent BRE #00951232
Interior
Exterior
ParkingGarage
Community
AreaC17 - Mid-Wilshire
Address1053 Fedora Street
CityLos Angeles
CountyLos Angeles
StateCA
ZipCode90006
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, October 4, 2018. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.