955 South Fedora Street
Spaces
Gated Parking Facility Available for Master Lease in KTOWN
Building description
Unlock 13,000 square feet of secure, private parking in one of L.A.’s most vibrant neighborhoods. This 34‑stall garage (with potential to expand capacity through tandem or stacked parking) offers gated entry and 24‑hour access, making it ideal for monthly parkers, fleet storage and valet operations.
Strategically located at 955 S. Fedora Street, the facility sits in the heart of Koreatown, an urban neighborhood with a dense population and countless restaurants, coffee shops, bars and parks. Koreatown is famed for its diverse cultural heritage and 24‑hour nightlife, boasting one of the highest concentrations of restaurants and nightclubs in Southern California. Demand for parking is intense: between January 2024 and February 2025, the area recorded 93,832 parking tickets, averaging 221 per day, ranking third-highest in Los Angeles.
Your tenants and customers will appreciate the proximity to major transit and thoroughfares. Bus stops at Normandie/Olympic are just a couple of blocks away, and the garage is minutes from the Wilshire/Vermont and Wilshire/Western Metro stations. Surrounding attractions like the historic Wiltern Theater, art deco landmarks and 24‑hour eateries draw consistent crowds day and night.
With its combination of high demand, secure access, and prime Koreatown location, this property presents a compelling opportunity for parking operators, investors or businesses seeking reliable parking revenue in a parking‑scarce market.
Building highlights
34-Space Capacity with Expansion Potential – Approximately 34 marked parking stalls in ±13,000 sq ft, with potential to increase capacity through tandem or stacked configurations.
Secure Gated Entry & 24/7 Access – Controlled private access with round-the-clock availability.
Prime Koreatown Location – 955 S Fedora Street sits in the heart of Koreatown, a dense urban neighborhood west of Downtown LA known for its mix of bars, restaurants, coffee shops and parks
High Parking Demand Area – Koreatown experiences a chronic parking shortage, recording over 93 k parking tickets in a recent 13‑month period, an average of 221 per day, making dedicated garages like this especially valuable.
Easy Transit Access – Bus stops at Normandie/Olympic are just a couple of blocks away, and the site is minutes from Wilshire/Vermont and Wilshire/Western Metro stations.
Vibrant Surroundings – The neighborhood is renowned for its 24‑hour nightlife and has one of the highest concentrations of restaurants and nightclubs in Southern California, attracting patrons who need secure off‑site parking.
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