1156 Fedora Street, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
ACTIVE$895,000
1156 Fedora Street, Los Angeles, California 90006
0Bed
0Bath
1,216Sqft
3,858Lot
Year Built
1890
Close
-
List price
$895K
Original List price
$895K
Price/Sqft
$736
HOA
-
Days on market
-
Sold On
-
MLS number
DW25063974
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $895.0K(50th), sqft - 1216(33th), beds - undefined(50th), baths - undefined(50th).
The 1156 Fedora Duplex an excellent investment option in the thriving Koreatown, CA real estate market. Its prime location, strong rental demand, and potential for value appreciation make it an attractive prospect for investors, owner-users, and developers alike value-add and long-term growth. Transportation Access: The property offers excellent access to major highways, public transportation, and is within a short drive of downtown Los Angeles, making it convenient for both commuters and residents. Property sits on a corner lot with large privacy hedges. Great zoning: R3-1 with Tier 3 TOC bonus
Nearby schools
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.3mi
3/10
Los Angeles Elementary School
Public,•K-5•0.4mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.5mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•0.6mi
3/10
Leo Politi Elementary School
Public,•K-5•0.6mi
3/10
Magnolia Avenue Elementary School
Public,•K-6•0.6mi
8/10
Hoover Street Elementary School
Public,•K-5•0.9mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•1.2mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.2mi
5/10
Vermont Avenue Elementary School
Public,•K-5•1.3mi
2/10
Tenth Street Elementary School
Public,•K-5•1.4mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.4mi
4/10
Norwood Street Elementary School
Public,•K-5•1.4mi
3/10
Berendo Middle School
Public,•6-8•0.2mi
5/10
Pio Pico Middle School
Public,•6-8•1.2mi
3/10
John H. Liechty Middle School
Public,•6-8•1.6mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.8mi
4/10
John Adams Middle School
Public,•6-8•2.3mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.7mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.7mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.7mi
4/10
West Adams Preparatory High School
Public,•9-12•0.8mi
3/10
Belmont Senior High School
Public,•9-12•2.1mi
5/10
Foshay Learning Center
Public,•K-12•2.1mi
5/10
Santee Education Complex
Public,•9-12•2.5mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.8mi
Price History
Date
Event
Price
03/11/19
Sold
$760,000
Condition Rating
Poor
Despite some cosmetic updates visible in the kitchen (modern white cabinets, stainless steel appliances, recessed lighting, and newer flooring), the property was built in 1890. The listing description explicitly states 'Advanced Age of Structure' as a weakness, noting it will 'likely necessitating extensive updates to plumbing, electrical, and HVAC systems, and potentially structural repairs.' This indicates significant underlying issues with major components that go beyond minor updates, aligning with the 'Poor' condition criteria requiring substantial repairs and rehabilitation for safety, soundness, or structural integrity. The property is presented as a 'value-add' opportunity, confirming it is not turn-key and requires considerable investment.
Pros & Cons
Pros
Strategic Investment Opportunity: Located in the thriving Koreatown market with strong rental demand and significant potential for value appreciation, appealing to investors, owner-users, and developers.
Exceptional Transportation Connectivity: Offers excellent access to major highways, public transportation, and is a short drive to downtown Los Angeles, enhancing convenience for residents.
Favorable Development Zoning: Benefits from R3-1 zoning with a Tier 3 TOC bonus, providing significant potential for future development or density maximization.
Income-Generating Duplex: As a duplex, the property provides immediate residential income potential, or the flexibility for an owner-user to live in one unit and rent out the other.
Desirable Corner Lot Position: Situated on a corner lot with large privacy hedges, offering enhanced curb appeal, natural light, and a sense of seclusion.
Cons
Advanced Age of Structure: Built in 1890, the property is over a century old, likely necessitating extensive updates to plumbing, electrical, and HVAC systems, and potentially structural repairs.
Compact Interior Space: The total square footage of 1216 sqft for a duplex suggests relatively small individual units, which may limit appeal to certain renters or owner-users seeking more spacious living.
Significant Capital Investment Required: The 'value-add' and 'long-term growth' emphasis implies the property is not turn-key and will require substantial renovation and modernization efforts, incurring considerable upfront costs.