Seller's Agent in 2024
Ramsey Oliveras
RE/MAX
(310) 378-5533
1 in this area
23 Total Sales
922 S Cedar Ave Inglewood, CA 90301
Estimated Value: $1,036,000 - $1,088,000
5
Beds
4
Baths
2,619
Sq Ft
$404/Sq Ft
Est. Value
Highlights
- 0.3 Acre Lot
- Laundry Room
- 1-Story Property
- Living Room
- Wrought Iron Fence
About This Home
As of May 2024A 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***
Last Agent to Sell the Property
Estate Properties License #01141551 Listed on: 02/17/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,357
Year Built
- Built in 1952
Lot Details
- 0.3 Acre Lot
- 1 Common Wall
- Wrought Iron Fence
- Fence is in average condition
- Density is 2-5 Units/Acre
- Value in Land
Parking
- 4 Open Parking Spaces
- 4 Car Garage
- Parking Available
- Single Garage Door
- Combination Of Materials Used In The Driveway
- Automatic Gate
- Parking Lot
Home Design
- Quadruplex
- Entry on the 1st floor
- Cosmetic Repairs Needed
- Fixer Upper
- Slab Foundation
- Fire Rated Drywall
- Shingle Roof
- Composition Roof
- Pre-Cast Concrete Construction
- Stucco
Interior Spaces
- 2,619 Sq Ft Home
- 1-Story Property
- Window Screens
- Living Room
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
Utilities
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 233
- Tax Tract Number 601
- Assessor Parcel Number 4017006009
- $1,148 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 3 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Electric Expense $480
- Fuel Expense $300
- Gardener Expense $600
- Insurance Expense $2,000
- Water Sewer Expense $2,640
- New Taxes Expense $13,800
- Operating Expense $19,820
- Gross Income $86,820
- Net Operating Income $67,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 14, 2025
Sold by
Li-Silverman Ailin
Bought by
Ailins Family Trust and Li-Silverman
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$907,500
Outstanding Balance
$903,766
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$149,567
Purchase Details
Listed on
Feb 17, 2024
Closed on
May 23, 2024
Sold by
Silverman Daniel
Bought by
Silverman Ailin Li
Seller's Agent
Ramsey Oliveras
Estate Properties
Buyer's Agent
Ailin Li
Realty ONE Group United
List Price
$1,200,000
Sold Price
$1,025,000
Premium/Discount to List
-$175,000
-14.58%
Views
50
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.12%
Original Mortgage
$828,880
Interest Rate
7.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 23, 2013
Sold by
Lopez Alejandro Hernandez and Hernandez Claudia
Bought by
Lopez Alejandro Hernandez and Hernandez Claudia
Purchase Details
Closed on
Feb 23, 2006
Sold by
Hernandez Alejandro and Hernandez Cenobia
Bought by
Hernandez Alejandro and Hernandez Cenobia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
1%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Aug 19, 1996
Sold by
Glendale Federal Bank Fsb
Bought by
Hernandez Alejandro and Hernandez Claudia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,200
Interest Rate
8.23%
Purchase Details
Closed on
Jun 12, 1996
Sold by
Dharmasuriya Jay and Ehrlich David Joseph
Bought by
Glendale Federal Bank Fsb
Purchase Details
Closed on
Nov 3, 1995
Sold by
Edirisinghe Peter
Bought by
Dharmasuriya Jay and Ehrlich David Joseph
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ailins Family Trust | -- | None Listed On Document | |
| Silverman Ailin Li | -- | Corinthian Title | |
| Li-Silverman Ailin | $1,025,000 | Corinthian Title Company | |
| Lopez Alejandro Hernandez | -- | None Available | |
| Hernandez Alejandro | -- | New Century Title Co Orange | |
| Hernandez Alejandro | $178,000 | Benefit Land Title Company | |
| Glendale Federal Bank Fsb | $164,744 | First American Title Co | |
| Dharmasuriya Jay | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Li-Silverman Ailin | $907,500 | |
| Previous Owner | Silverman Ailin Li | $828,880 | |
| Previous Owner | Hernandez Alejandro | $100,000 | |
| Previous Owner | Hernandez Alejandro | $448,000 | |
| Previous Owner | Hernandez Alejandro | $94,066 | |
| Previous Owner | Hernandez Alejandro | $300,000 | |
| Previous Owner | Hernandez Alejandro | $0 | |
| Previous Owner | Hernandez Alejandro | $160,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2024 05/30/24 | Sold | $1,025,000 | -5.5% | $391 / Sq Ft |
| 05/15/2024 05/15/24 | Price Changed | $1,085,000 | -5.6% | $414 / Sq Ft |
| 03/01/2024 03/01/24 | Price Changed | $1,149,000 | -4.3% | $439 / Sq Ft |
| 02/17/2024 02/17/24 | For Sale | $1,200,000 | -- | $458 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,357 | $1,045,500 | $816,000 | $229,500 |
| 2024 | $9,357 | $660,994 | $420,635 | $240,359 |
| 2023 | $9,262 | $648,035 | $412,388 | $235,647 |
| 2022 | $9,423 | $635,329 | $404,302 | $231,027 |
| 2021 | $9,343 | $622,873 | $396,375 | $226,498 |
| 2019 | $8,805 | $604,400 | $384,619 | $219,781 |
| 2018 | $8,578 | $592,550 | $377,078 | $215,472 |
| 2017 | $8,330 | $580,933 | $369,685 | $211,248 |
| 2016 | $8,125 | $569,543 | $362,437 | $207,106 |
| 2015 | $8,052 | $560,989 | $356,993 | $203,996 |
| 2014 | $8,055 | $550,000 | $350,000 | $200,000 |
Source: Public Records
Agents Affiliated with this Home
-
Ramsey Oliveras
-
Ailin Li
A
Buyer's Agent in 2024
Ailin Li
Realty ONE Group United
(949) 502-1588
1 in this area
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV24033694
APN: 4017-006-009
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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