1242 Fedora St Los Angeles, CA 90006
Pico-Union NeighborhoodEstimated payment $7,368/month
Total Views
2,583
0.14
Acre
$8,665,192
Price per Acre
5,908
Sq Ft Lot
About This Lot
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 Type
- Land
Est. Annual Taxes
- $9,717
Year Built
- 1922
Lot Details
- 5,908 Sq Ft Lot
- Property is zoned LAR3
Property Views
- City Views
Listing and Financial Details
- Assessor Parcel Number 5078-033-013
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,717 | $780,300 | $717,876 | $62,424 |
| 2023 | $9,534 | $765,000 | $703,800 | $61,200 |
| 2022 | $9,100 | $750,000 | $690,000 | $60,000 |
| 2021 | $3,895 | $302,120 | $241,954 | $60,166 |
| 2020 | $3,931 | $299,024 | $239,474 | $59,550 |
| 2019 | $3,785 | $293,162 | $234,779 | $58,383 |
| 2018 | $3,658 | $287,415 | $230,176 | $57,239 |
| 2016 | $3,492 | $276,256 | $221,239 | $55,017 |
| 2015 | $3,443 | $272,107 | $217,916 | $54,191 |
| 2014 | -- | $266,778 | $213,648 | $53,130 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/10/2025 04/10/25 | Price Changed | $1,175,000 | -4.1% | -- |
| 01/14/2025 01/14/25 | For Sale | $1,225,000 | +63.3% | -- |
| 07/30/2021 07/30/21 | Sold | $750,000 | -11.8% | $528 / Sq Ft |
| 04/14/2021 04/14/21 | Price Changed | $850,000 | -10.5% | $599 / Sq Ft |
| 01/28/2021 01/28/21 | Price Changed | $950,000 | -9.5% | $669 / Sq Ft |
| 11/29/2020 11/29/20 | For Sale | $1,050,000 | -- | $739 / Sq Ft |
Source: The MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $750,000 | Fidelity National Title | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $127,500 | No Value Available |
Source: Public Records
Similar Properties in the area
Source: The MLS
MLS Number: 25-483001
APN: 5078-033-013
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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. Properties may or may not be listed by the office/agent presenting the information.
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