922 South Cedar Avenue

Inglewood, CA 90302

$1,149,000
Price
5
Beds
4
Baths
2,619 Sq. Ft.
$439 / Sq. Ft.
2,619
Sq. Ft.
$439
per Sq. Ft.

Description

A rare and incredible investment opportunity! Ability to purchase (2) Separate buildings detached, (4)Units total in a Huge Lot of $12,397, and (6) car detached garages and plenty of parking with a long driveway located (3.5) miles from Sofi Stadium, Hollywood Park Casino, Los Angeles Airport, Restaurants, and FWY (405th). The front building has two units: (2) Bedrooms & (1) Bathroom, (1) Bedroom, & (1) bathroom. Back building two units (1) bedroom, & (1) bathroom each unit. The property contains...A rare and incredible investment opportunity! Ability to purchase (2) Separate buildings detached, (4)Units total in a Huge Lot of $12,397, and (6) car detached garages and plenty of parking with a long driveway located (3.5) miles from Sofi Stadium, Hollywood Park Casino, Los Angeles Airport, Restaurants, and FWY (405th). The front building has two units: (2) Bedrooms & (1) Bathroom, (1) Bedroom, & (1) bathroom. Back building two units (1) bedroom, & (1) bathroom each unit. The property contains a large lot with lots of potential. This is an excellent property for investing and potentially adding a (2) ADU units in a location with rents quickly rising and appreciating. Repair work is needed and has lots of possibilities.
  1. Listed by Lisa Oliveras • DRE #01141551 • RE/MAX Estate Properties
  2. Listed by Ramsey Oliveras • DRE #01200976 • RE/MAX Estate Properties

Property Details for 922 South Cedar Avenue

Zoning
LAR1
Living Area
2619
Area
North Inglewood (101)
Lot Size Area
12907
Assessor Parcel Number
4017-006-009
Directions
La Cienega Blvd and South of Centinela Ave.

Location

Listing Courtesy of RE/MAX Estate Properties, Lisa Oliveras, DRE #01141551; RE/MAX Estate Properties, Ramsey Oliveras, DRE #01200976
Add your commute
LISTING UPDATED: 03/01/2024 10:54 PM

Property Details for 922 South Cedar Avenue

StatusActive
MLS #PV24033694MR
Days on Market72
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1952
Lot Size0.30 AC / 12,907 SF
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX Estate Properties, Lisa Oliveras, DRE #01141551; RE/MAX Estate Properties, Ramsey Oliveras, DRE #01200976
Add your commute

Building Information for 922 South Cedar Avenue

Stories1Residences-Year Built1952Building Size-Lot Size0.30 AC / 12,907 SF

Payment Calculator

$7,043 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,271

Property Taxes

$772

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 922 South Cedar Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Community Features: Sidewalks, Street Lights
Structure Info
Structure Info
  • Building Type: Attached
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Unit Floor In Building: 1
  • View: No
  • View Description: None
  • Guest House: None
  • Entry Floor Number: 1
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector
  • Property Condition: Fixer, Repair Cosmetic
  • Water: Public
  • Sewer: Public Sewer
  • Personal Property Amount: $648,035.00
Contract Info
Contract Info
  • Disclosures: Cautions Call Agent, Repairs Cosmetic
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Gross Operating Income: $86,820
  • Net Operating Income: $67,000.00
  • Cap Rate: 5.83%
  • Gross Rent Multiplier: $13.23
  • Actual Annual Gross Rent: $5,585.00
  • Vacancy Allow Dollar: $.00
  • Vacancy Allow Percent: .00%
  • Total Annual Expense: 19820
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Lot Acreage: 0.0
  • Telephone: 0.0
  • Cable: 0.0
  • Electric: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Gas: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Land Value: $412,388.00
  • Assessments: Unknown
Parking Details
Parking Details
  • Parking Garage: Driveway - Combination, Garage - 1 Car, Parking Space
  • Total Parking: 8
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 4
  • Carport Spaces Total: 0
  • Number Of Remote Controls: 0.0
Interior Features
Interior Features
  • Fireplace Rooms: None
  • Cooling Type: None
  • Common Walls: Attached
  • Laundry: Other
Exterior Features
Exterior Features
  • Pool: No
  • Pool Description: None
  • Spa: No
  • Spa: None
  • Roof: Composition, Shingle
  • Fence: Wrought Iron
  • Windows: Screens
  • Exterior Construction: Concrete, Other, Stucco
  • Construction MVO: Concrete, Drywall Walls, Stucco, Unknown
Lease Terms
Lease Terms
  • Listing Terms: Cash, Subject To Other
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas, Other
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $2,300.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,685.00
  • Unit Actual Rent: $1,685.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit Details
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Leased: 3
  • Number Wall AC: 0
  • Number Water Meters: 0
Tax and Assessed Info
Tax and Assessed Info
  • Improvements Amount: $235,647
  • Assessed Improvement Value: $235,647.00
  • Assessed Land Value: $412,388.00

Property History for 922 South Cedar Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 922 South Cedar Avenue

Taxable ValueLand$412,388Additions$235,647Total$648,035
Tax Record2023$9,262 ($772 / month)
Home Facts
Total Finished SqFt2,619 SqFtAbove Grade Finished SqFt2,619 SqFtLot Size12,980 SqFtStyleQuadraplexYear Built1952ZoningLAR1CountyLOS ANGELESAPN4017-006-009

Schools near 922 South Cedar Avenue

This home is within Inglewood Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Charter - K to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Parent (Frank D.) Elementary School
PublicK to 8

Inglewood High School
Public9 to 12

Wilder's Preparatory Academy Charter
CharterK to 5

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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922 South Cedar Avenue is a multi-family home for sale in Inglewood, CA 90302. This property was listed for sale on February 17, 2024 by RE/MAX Estate Properties, it's currently listed at $1,149,000. This listing's school district is Inglewood Unified School District. Nearby schools include Parent (Frank D.) Elementary School, La Tijera K-8 Charter School Academy of Excellence and Inglewood High School. 922 South Cedar Avenue is a 5-bed, 4-bath, 2,619 sqft multi-family home built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Estate Properties, Lisa Oliveras, DRE #01141551; RE/MAX Estate Properties, Ramsey Oliveras, DRE #01200976

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.