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1100 FEDORA Street

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1100 FEDORA Street | Los Angeles, CA

$2,299,999

2,483 SQ.FT.

PRIME KOREATOWN CORNER LOT IN A QUALIFIED OPPORTUNITY ZONE (pursuant to Internal Revenue Code § 1400Z-2), providing significant tax benefits on capital gains. RARE RE-DEVELOPMENT OPPORTUNITY with permits to be delivered ready to issue (RTI) for 14 new luxury units (36 total bdrms) in a high rent demand area. Existing structure is COMPLETELY VACANT with demolition permits RTI. NONE of the units are affordable/low income units. Total Gross Building area is approx. 27,762 sq. ft. - including first floor parking on street level, so NO NEED for burdensome underground parking! The Property is surrounded by new development in booming Koreatown. Buyer & Seller to comply with each other's 1031 tax exchange, if applicable. Also listed under "Land" as MLS# 18-362376.
Listing Provided by Nathan Sabzerou, Thomas J. Gilleran

Based on information from California Regional Multiple Listing Service, Inc. as of October 21, 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.