Description
Seller financing available at 4% IO with 40% Down!1262 Fedora St is a 43-unit mixed use buildinglocated in the Pico Union neighborhood. Thismassive 35,982 sqft building is offered at only$151k/unit and $181/sqft. The property is currentlyoperating at a 5.56% CAP and 10.40 GRM. There isstill over 35% upside available once the property isstabilized. The property is master metered for gasand electric.The building is comprised of (36) apartment unitsand (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 unitsthat are currently vacant, offering immediateupside in rental income.1262 Fedora St is conveniently located just minutesfrom Downtown Los Angeles, with easy access tothe 10 and 110 freeways. There are many shops,restaurants and amenities nearby, making this anideal location for renters.
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0BEDS
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0.33ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Seller financing available at 4% IO with 40% Down!1262 Fedora St is a 43-unit mixed use buildinglocated in the Pico Union neighborhood. Thismassive 35,982 sqft building is offered at only$151k/unit and $181/sqft. The property is currentlyoperating at a 5.56% CAP and 10.40 GRM. There isstill over 35% upside available once the property isstabilized. The property is master metered for gasand electric.The building is comprised of (36) apartment unitsand (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 unitsthat are currently vacant, offering immediateupside in rental income.1262 Fedora St is conveniently located just minutesfrom Downtown Los Angeles, with easy access tothe 10 and 110 freeways. There are many shops,restaurants and amenities nearby, making this anideal location for renters.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-10T00:27:15.49. 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 deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.