117 S Cedar, Inglewood, California 90301, Inglewood, 90301 - bed, bath
ACTIVE$950,000
117 S Cedar, Inglewood, California 90301
0Bed
0Bath
960Sqft
6,738Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Potential: Explicitly marketed as an 'excellent investment opportunity' in 'one of LA's fastest growing markets' (Inglewood), offering diversified rental income from two units.
Top Cons:
Property Age: Built in 1922, the property is over a century old. While recently remodeled, older structures can carry inherent risks of aging infrastructure (e.g., plumbing, electrical, foundation) that may require significant future investment.
Compared to the nearby listings
Price:$950.0K vs avg $950.0K (+$0)50%
Size:960 sqft vs avg 3,476 sqft33%
Price/sqft:$990 vs avg $27367%
More Insights
Built in 1922 (103 years old).
Condition: While the listing description states 'recently remodeled' and one unit (as seen in the modern kitchen and bathroom images) appears to be in excellent, newly renovated condition with modern finishes, new flooring, and updated fixtures, the presence of a second, significantly dated kitchen (with older cabinets, countertops, and tile flooring) contradicts the claim of a full recent remodel for 'both units'. Given the property's build year of 1922, and the mixed condition of the units—one being modern and the other showing signs of updates from 15-30 years ago—the overall property condition falls into the 'Fair' category. The older unit would require minor to moderate updates to match the quality of the renovated unit, and the age of the property suggests potential for older underlying systems.
Year Built
1922
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$990
HOA
-
Days on market
-
Sold On
-
MLS number
SB25274586
Home ConditionFair
Features
View-
About this home
Great Duplex, in Inglewood charming two one bedroom one bathroom each, recently remodeled. Both units include their own private laundry area in the rear, added convenience for tenant. The property also includes a storage shed, perfect for additional space. Located in a highly desirable Inglewood neighborhood, this duplex is just minutes from 405 Freeway, major shopping centers, schools, the Sofi SaFi Stadium, restaurants and many other local amenities. This is an excellent investment opportunity ideal for investor looking to build, expand, or strengthen their real estate porfolio in one of the LA's fastest growing markets.
Price History
Date
Event
Price
03/08/07
Sold
$470,000
09/08/05
Sold
$360,000
02/24/03
Sold
$114,000
Condition Rating
Fair
While the listing description states 'recently remodeled' and one unit (as seen in the modern kitchen and bathroom images) appears to be in excellent, newly renovated condition with modern finishes, new flooring, and updated fixtures, the presence of a second, significantly dated kitchen (with older cabinets, countertops, and tile flooring) contradicts the claim of a full recent remodel for 'both units'. Given the property's build year of 1922, and the mixed condition of the units—one being modern and the other showing signs of updates from 15-30 years ago—the overall property condition falls into the 'Fair' category. The older unit would require minor to moderate updates to match the quality of the renovated unit, and the age of the property suggests potential for older underlying systems.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as an 'excellent investment opportunity' in 'one of LA's fastest growing markets' (Inglewood), offering diversified rental income from two units.
Desirable Location: Situated in a 'highly desirable Inglewood neighborhood' with excellent proximity to major amenities like the 405 Freeway, shopping centers, schools, and the SoFi Stadium, enhancing tenant appeal and property value.
Recent Remodel: Both units have been 'recently remodeled,' reducing immediate capital expenditure for a new owner and making them attractive and move-in ready for tenants.
Tenant-Friendly Amenities: Each unit features its 'own private laundry area' and the property includes a 'storage shed,' providing significant convenience and added value for renters.
Duplex Configuration with Lot Potential: Offers two separate income streams (two 1-bed/1-bath units) on a decent 6,738 sqft lot, which could present future opportunities for expansion or an Accessory Dwelling Unit (ADU), subject to local zoning.
Cons
Property Age: Built in 1922, the property is over a century old. While recently remodeled, older structures can carry inherent risks of aging infrastructure (e.g., plumbing, electrical, foundation) that may require significant future investment.
Compact Unit Sizes: Each unit is a 1-bedroom, 1-bathroom, with a total property square footage of only 960 sqft, implying very small individual unit sizes (approx. 480 sqft each). This limits the potential tenant pool and rental income compared to larger units.
Potential for High Acquisition Cost: With a list price of $950,000 for a 960 sqft duplex, the price per square foot is relatively high, which could impact an investor's cap rate and overall return on investment, especially considering the age and small unit sizes.