NOT LISTED FOR SALE

1140 E Avenue q12 Palmdale, CA 93550

East Palmdale Neighborhood
28 Beds
27 Baths
12,960 Sq Ft
0.55 Acres

Last Sold October 29, 2020

Last sale price $2,000,000 $154 Per Sq Ft

36 Days on Market

About This Home

As of October 2020

We are proud to present 14 units located at 1140 E Avenue Q12 in Palmdale, California. The property sits on 23,922 SF lot with 12,960 SF of rentable area and is comprised of an excellent mix of 12 spacious two bedroom / two bathroom units and 2- two bedroom / one and a half bathroom two story townhomes. The property has been extensively renovated and features on-site gated parking, balconies, fireplaces, new A/C units and additional income from the property owned coin laundry room. This property was on the market in 2019 where we received over a dozen offers and went in and out of escrow a few times. The issue that kept coming up was that the roof was old and there were some leaking issues. The sellers decided to take the property off the market, spend an estimated $100,000, and completely replace the roof.

Last Agent to Sell the Property

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 07/29/2020

Last Buyer's Agent

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 07/29/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 122x195

Parking

  • 14 Parking Spaces

Interior Spaces

  • 12,960 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 28 Bedrooms
  • 27 Bathrooms

Community Details

  • 2 Buildings
  • 14 Units

Listing and Financial Details

  • Assessor Parcel Number 3014-003-038

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 12960
  • Lot Acreage: 0.5492
  • Lot Dimensions: 122x195
  • Stories: 2
  • Year Built: 1988
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 28
  • Total Bathrooms: 27.00
  • Price Per S Q F T: 153.94

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Total Parking: 14

Lot Info

  • Assessed Improvement Percent: 85.00
  • Assessed Improvement Value: 562990
  • Assessed Land Percent: 15
  • Assessed Land Value: 99351
  • Total Assessed Value: 662341
  • Assessor Parcel Number: 3014-003-038
  • Lot Size Area: 23922

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.25
  • Number Of Units: 14
  • Total Annual Expense: 68925
  • Type Of Units: Standard
  • Vacancy Rate: 3%

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
10/29/2020 10/29/20 Sold $2,000,000 +0.3% $154 / Sq Ft
09/03/2020 09/03/20 Pending -- -- --
07/29/2020 07/29/20 For Sale $1,995,000 -- $154 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Filip Niculete

    Seller's Agent in 2020

    Filip Niculete

    Marcus & Millichap

    (818) 357-9525

    1 in this area

    108 Total Sales

    Filip Niculete
    Section Image
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Map

Source: The MLS

MLS Number: 20-611276

The MLS

California Los Angeles County Palmdale 93550 East Palmdale

1140 E Avenue q12, Palmdale, CA

This home is located at 1140 E Avenue q12, Palmdale, CA 93550 since 29 July 2020. This property was built in 1988. 1140 E Avenue q12 is a home located in Los Angeles County with nearby schools including Tumbleweed Elementary School, David G. Millen Intermediate, and Palmdale High School.

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