NOT LISTED FOR SALE

45537 Cedar Ave Lancaster, CA 93534

Central Lancaster Neighborhood

Estimated Value: $413,662 - $511,000

4 Beds
2 Baths
1,613 Sq Ft
$282/Sq Ft Est. Value

Last Sold December 20, 2021

Last sale price $360,000 $223 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,853/month

14 Days on Market

Highlights

  • No HOA
  • 1 Car Garage
  • Wood Fence
  • Evaporated cooling system
  • Rectangular Lot
  • 2-minute walk to Whit Carter Park

About This Home

As of December 2021

Bread and butter units. Each unit in this duplex has two bedrooms & one bath. Front unit has an attached two-garage. Swamp coolers replaced in 2020. Partial roof replacement in 2021. Renovated back in 2010, but still in good shape and long term tenants. Low maintenance expenses, and water expense is low. Tenants pay for gas and electric.

Last Agent to Sell the Property

David Ramirez

Desert Coast Realty, Inc. License #01246949 Listed on: 10/19/2021

Last Buyer's Agent

Mamdouh Elalami

License #01750791

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 5,984 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Rectangular Lot

Parking

  • 1 Car Garage
  • Parking Available
  • Two Garage Doors
  • Driveway

Home Design

  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,613 Sq Ft Home
  • 1-Story Property
  • Gas Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Location

  • Suburban Location

Utilities

  • Evaporated cooling system
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 37
  • Tax Tract Number 19421
  • Assessor Parcel Number 3135007015
  • $1,134 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $1,284
  • Maintenance Expense $536
  • Professional Management Expense $1,317
  • Water Sewer Expense $622
  • New Taxes Expense $5,991
  • Operating Expense $10,495
  • Gross Income $26,340
  • Net Operating Income $15,845

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 1317.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 622.00
  • Zoning: LRR2*
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 3135007015
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 223.19

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage - Two Door
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range, Refrigerator
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5984.00
  • Lot Size Acres: 0.1374

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 806 Square Feet
  • Gross Income: 26340.00
  • Gross Scheduled Income: 26340.00
  • Insurance Expense: 1284.00
  • Lot Size Area: 5984.0000 Square Feet
  • Maintenance Expense: 536.00
  • Net Operating Income: 15845.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 2458.00
  • Rent Control: No
  • Total Expenses: 10495.00

Tax Info

  • New Taxes Expense: 5991.00
  • Tax Census Tract: 9008.04
  • Tax Lot: 37
  • Tax Tract Number: 19421
  • TaxOtherAnnualAssessmentAmount: 1134.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2019
Sold by
Lin Jason and Lin Christiana
Bought by
Velur Properties Llc
Current Estimated Value
$454,554

Purchase Details

Closed on
May 8, 2014
Sold by
Argento Daniel
Bought by
Ramirez David and Ramirez Lorelei

Purchase Details

Closed on
Oct 29, 2010
Sold by
Argento Christina
Bought by
Argento Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
4.21%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 18, 2008
Sold by
Marsh Trevia
Bought by
East End Properties Inc

Purchase Details

Closed on
Jun 16, 2005
Sold by
Marsh Kasey E
Bought by
Marsh Trevia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,600
Interest Rate
5.46%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 16, 2005
Sold by
Crichi Serge and Crichi Patricia Messica
Bought by
Marsh Trevia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,600
Interest Rate
5.46%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 4, 2001
Sold by
King Isaac and King Ora
Bought by
Crichi Serge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,200
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Velur Properties Llc $46,000 Chicago Title
Ramirez David $45,000 None Available
Argento Daniel -- Lawyers Title
Argento Daniel $45,000 Lawyers Title
East End Properties Inc $92,991 None Available
Marsh Trevia -- --
Marsh Trevia $243,000 Fswt
Crichi Serge $69,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Argento Daniel $45,000
Previous Owner Marsh Trevia $48,600
Previous Owner Marsh Trevia $194,400
Previous Owner Crichi Serge $55,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2021 12/20/21 Sold $360,000 -2.4% $223 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
10/25/2021 10/25/21 Price Changed $369,000 -5.1% $229 / Sq Ft
10/19/2021 10/19/21 For Sale $389,000 -- $241 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,917 $382,034 $58,366 $323,668
2024 $5,692 $374,544 $57,222 $317,322
2023 $5,578 $367,200 $56,100 $311,100
2022 $5,476 $360,000 $55,000 $305,000
2021 $3,116 $164,208 $24,912 $139,296
2020 $3,084 $162,525 $24,657 $137,868
2019 $3,035 $159,339 $24,174 $135,165
2018 $2,985 $156,215 $23,700 $132,515
2016 $2,839 $150,151 $22,781 $127,370
2015 $2,806 $147,896 $22,439 $125,457
2014 $2,143 $88,834 $13,586 $75,248
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    David Ramirez

    Desert Coast Realty, Inc.

    (949) 279-6699

    1 in this area

    10 Total Sales

    David Ramirez
    Section Image

  • M

    Buyer's Agent in 2021

    Mamdouh Elalami

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21231715

California Regional Multiple Listing Service (CRMLS)

APN: 3135-007-015

California Los Angeles County Lancaster 93534 Central Lancaster

45537 Cedar Ave, Lancaster, CA

Not Listed for Sale

MultiFamily

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