922 S Cedar Avenue, Inglewood, CA 90301

$1,025,000

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Sold Price
$1,025,000
List Price
$1,085,000
Closing Date
May 30, 2024
Status
CLOSED
MLS#
PV24033694
Year Built
1952
Lot Size
12,907
Acres
0.30
Lot Location
2-5 Units/Acre, Value In Land
Days on Market
38
Property Type
Multifamily
Style
Other
Property Sub Type
Quadruplex
Stories
One Level

Property 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 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.***Subject to Cancellation of the previous Escrow***

Additional Information

Pool Description
None
Cooling Description
None
View
None
Exterior Construction
Drywall, Concrete, Stucco, Unknown
Roof
Composition, Shingle
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$86,820
Operating Expense
19820

Listing courtesy of Listing Agent: Lisa Oliveras (lisa.ramsey@southbayspecialists.com) from Listing Office: RE/MAX Estate Properties.

Listing sold by Ailin Li from Realty ONE Group United

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Calculator source: Real Geeks

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