1242 Cedar Ave
Description
- Listed by Robert Stepp • DRE #01456379 • Brokerage DRE #01978349 • Keller Williams Realty Downey • 310-463-2916
Property Details for 1242 Cedar Avenue
Property Details for 1242 Cedar Avenue
| Status | Closed |
|---|---|
| MLS # | PW25124049 |
| Days on Market | 72 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Res Income 2-4 Units |
| Year Built | 1960 |
| County | Los Angeles County |
Location
Sold By Keller Williams Realty Downey, Robert Stepp, DRE #01456379
Building Information for 1242 Cedar Avenue
Payment Calculator
$14,555 per month
30 year fixed, 6.15% Interest
$11,112
$3,443
$0
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1Property Information for 1242 Cedar Avenue
- Gross Income: $237,421
- Gross Scheduled Income: $244,764
- Net Operating Income: $164,475
- Gross Multiplier: 9.6
- Cap Rate: 7.0
- Financing: Cash To New Loan
- Operating Expense: $72,946
- New Taxes Expense: $31,344
- Gardener Expense: $1,200
- Fuel Expense: $1,543
- Licenses Expense: $1,000
- Pest Control Expense: $360
- Electric Expense: $1,543
- Insurance Expense: $9,000
- Maintenance Expense: $8,400
- Professional Management Expense: $11,871
- Other Expense: $3,600
- Other Expense Description: Reserves
- Trash Expense: $1,543
- Water Sewer Expense: $1,543
- Total Expenses: $72,946
- Tax Block: 1
- Tax Tract Number: 5758
- Tax Census Tract: 5758.03
- CFD/Mello-Roos Fee: $2,134
- Tax Lot: 5
- Community Features: Sidewalks
- Community: Downtown (DT)
- Laundry: Yes
- Laundry Features: Community
- Entry Location: 1
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Pool Heat: N/K
- Lot Features: 11-15 Units/Acre
- Number Of Units: 12
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Uncovered Spaces: 5
- Open Other Spaces Total: 5
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Builders Tract Name: Downtown
- Builders Tract Code: Downtown (DT)
- Residential Styles: Res Income 2-4 Units
- Unit Type Units Total: 3
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,811
- Unit Type Total Rent: $5,433
- Unit Type Pro Forma: 2100
- Unit Type Type: 1
- Unit Type Units Total: 9
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,610
- Unit Type Total Rent: $14,490
- Unit Type Pro Forma: 1700
- Unit Type Type: 2
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 12
- Number Of Separate Gas Meters: 12
- Number Of Separate Water Meters: 1
Property History for 1242 Cedar Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Oct 6, 2025 | Sold CRMLS #PW25124049 | $2,280,000 | — |
| Oct 6, 2025 | Sold SDMLS #PW25124049 | $2,280,000 | — |
| Oct 6, 2025 | Sold CLAW #PW25124049MR | $2,280,000 | — |
| Sep 5, 2025 | Sold (Public Record) Public Record #1914817382 | $2,280,000 | -6.3% / yr |
| Aug 14, 2025 | Pending CLAW #PW25124049MR | — | |
| Aug 14, 2025 | Pending SDMLS #PW25124049 | — | |
| Aug 13, 2025 | Price Change CLAW #PW25124049MR | $2,350,000 | — |
| Aug 13, 2025 | Price Change CRMLS #PW25124049 | $2,350,000 | — |
| Aug 13, 2025 | Price Change SDMLS #PW25124049 | $2,350,000 | — |
| Jun 17, 2025 | Price Change CLAW #PW25124049MR | $2,490,000 | — |
| Jun 17, 2025 | Price Change CRMLS #PW25124049 | $2,490,000 | — |
| Jun 13, 2025 | Price Change CLAW #PW25124049MR | $2,650,000 | — |
| Jun 13, 2025 | Price Change CRMLS #PW25124049 | $2,650,000 | — |
| Jun 3, 2025 | Listed (Active) SDMLS #PW25124049 | $2,800,000 | — |
| Jun 3, 2025 | Listed (Active) CLAW #PW25124049MR | $2,800,000 | — |
| Jun 3, 2025 | Listed (Active) CRMLS #PW25124049 | $2,800,000 | — |
| Jan 14, 2022 | Sold (Public Record) Public Record #1484206759 | $2,890,000 | +6.3% / yr |
| Mar 5, 2004 | Sold (Public Record) Public Record #130507037 | $974,500 | — |
| Dec 15, 2003 | Sold CRMLS #CC214007 | $980,000 | — |
| Dec 15, 2003 | Sold CLAW #P366155MR | $980,000 | — |
| Dec 15, 2003 | Sold CRMLS #P366155 | $980,000 | — |
| Oct 26, 2003 | Pending CLAW #P366155MR | — | |
| Oct 26, 2003 | Pending CRMLS #P366155 | — | |
| Oct 19, 2003 | Listed (Active) CRMLS #CC214007 | $975,000 | — |
| Oct 19, 2003 | Listed (Active) CRMLS #P366155 | $975,000 | — |
| Oct 19, 2003 | Listed (Active) CLAW #P366155MR | $975,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 10/06/2025 | Sold CRMLS #PW25124049 | $2,280,000 |
| 10/06/2025 | Sold SDMLS #PW25124049 | $2,280,000 |
| 10/06/2025 | Sold CLAW #PW25124049MR | $2,280,000 |
| 09/05/2025 | Sold (Public Record) Public Record #1914817382 | $2,280,000 -6.3% / yr |
| 08/14/2025 | Pending CLAW #PW25124049MR | — |
| 08/14/2025 | Pending SDMLS #PW25124049 | — |
| 08/13/2025 | Price Change CLAW #PW25124049MR | $2,350,000 |
| 08/13/2025 | Price Change CRMLS #PW25124049 | $2,350,000 |
| 08/13/2025 | Price Change SDMLS #PW25124049 | $2,350,000 |
| 06/17/2025 | Price Change CLAW #PW25124049MR | $2,490,000 |
| 06/17/2025 | Price Change CRMLS #PW25124049 | $2,490,000 |
| 06/13/2025 | Price Change CLAW #PW25124049MR | $2,650,000 |
| 06/13/2025 | Price Change CRMLS #PW25124049 | $2,650,000 |
| 06/03/2025 | Listed (Active) SDMLS #PW25124049 | $2,800,000 |
| 06/03/2025 | Listed (Active) CLAW #PW25124049MR | $2,800,000 |
| 06/03/2025 | Listed (Active) CRMLS #PW25124049 | $2,800,000 |
| 01/14/2022 | Sold (Public Record) Public Record #1484206759 | $2,890,000 +6.3% / yr |
| 03/05/2004 | Sold (Public Record) Public Record #130507037 | $974,500 |
| 12/15/2003 | Sold CRMLS #CC214007 | $980,000 |
| 12/15/2003 | Sold CLAW #P366155MR | $980,000 |
| 12/15/2003 | Sold CRMLS #P366155 | $980,000 |
| 10/26/2003 | Pending CLAW #P366155MR | — |
| 10/26/2003 | Pending CRMLS #P366155 | — |
| 10/19/2003 | Listed (Active) CRMLS #CC214007 | $975,000 |
| 10/19/2003 | Listed (Active) CRMLS #P366155 | $975,000 |
| 10/19/2003 | Listed (Active) CLAW #P366155MR | $975,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1242 Cedar Avenue
Schools near 1242 Cedar Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
International Elementary School PublicK to 5 | ||
Washington Middle School Public6 to 8 | ||
Cabrillo High School Public9 to 12 | ||
Renaissance High School For The Arts Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Keller Williams Realty Downey, Robert Stepp, DRE #01456379
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.