NOT LISTED FOR SALE

Estimated Value: $643,000 - $691,544

6 Beds
3 Baths
2,524 Sq Ft
$267/Sq Ft Est. Value

Last Sold June 18, 2018

Last sale price $400,000 $158 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $4,158/month

Highlights

  • All Bedrooms Downstairs
  • Private Yard
  • Living Room
  • Granite Countertops
  • Evaporated cooling system
  • Block Wall Fence

About This Home

As of June 2018

Excellent Investment opportunity! Triplex is located in the City Lancaster; all units have been kept in great condition by owner and tenants. All kitchens have been updated with granite counter tops, and lots of cabinetry. Complex has 3 electrical meters, 3 gas meters, and 1 water meter. Property is not rent controlled so you will have the power of boosting rents. Located close to Down Town Lancaster, close to shopping, restaurants, banks and much more. Do not miss this opportunity!

Last Agent to Sell the Property

George Kpachavi

Keller Williams Realty-Studio City License #01839703 Listed on: 03/13/2018

Keller Williams Realty-Studio City

Last Buyer's Agent

Julio Segovia

No Firm Affiliation License #01746071

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,859

Year Built

  • Built in 1957 | Remodeled

Lot Details

  • 8,191 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Private Yard
  • Land Lease

Home Design

  • Triplex

Interior Spaces

  • 2,524 Sq Ft Home
  • Window Screens
  • Living Room
  • Granite Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces
  • On-Street Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Paid
  • Phone Available

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 2092
  • Assessor Parcel Number 3138015005

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $900
  • Water Sewer Expense $1,200
  • New Taxes Expense $3,600
  • Operating Expense $6,500
  • Gross Income $39,432
  • Net Operating Income $32,932

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,859

Year Built

Built in 1957 | Remodeled

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 1200.00
  • Zoning: LRR2*
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 3138015005
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Price Per Square Foot: 158.48
  • Room Type: All Bedrooms Down, Living Room
  • Window Features: Screens

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking Features: Carport, Street
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Phone Available, Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Sewer Paid
  • Trash Expense: 900.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: Yard
  • Lot Size Sq Ft: 8191.00
  • Lot Size Acres: 0.1880

Multi Family

  • Gross Income: 39432.00
  • Gross Scheduled Income: 39432.00
  • Insurance Expense: 800.00
  • Lot Size Area: 8191.0000 Square Feet
  • Net Operating Income: 32932.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 6500.00
  • Rent Control: No
  • Total Expenses: 6500.00

Tax Info

  • New Taxes Expense: 3600.00
  • Tax Census Tract: 9006.06
  • Tax Lot: 5
  • Tax Tract Number: 2092

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2018
Closed on
Jun 15, 2018
Sold by
Kpachavi Koffi
Bought by
Kpachavi Koffi
Seller's Agent
George Kpachavi
Keller Williams Realty-Studio City
Buyer's Agent
Julio Segovia
No Firm Affiliation
List Price
$399,999
Sold Price
$400,000
Premium/Discount to List
$1
0.0%
Current Estimated Value
$672,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,886
Avg. Annual Appreciation
7.32%
Original Mortgage
$392,755
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 13, 2018
Closed on
May 4, 2018
Sold by
Kpachavi Koffi
Bought by
Quiroga Ana Marquina and Quiroga John William
Seller's Agent
George Kpachavi
Keller Williams Realty-Studio City
Buyer's Agent
Julio Segovia
No Firm Affiliation
List Price
$399,999
Sold Price
$400,000
Premium/Discount to List
$1
0.0%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,755
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 5, 2018
Sold by
Kpachavi Koffi
Bought by
Kpachavi Koffi and Kpachavi Stacey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,755
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 16, 2015
Closed on
Jun 25, 2015
Sold by
Kpachavi Stacey
Bought by
Kpachavi Koffi
Seller's Agent
Fernando Garcia
Park Regency Realty
Buyer's Agent
Unknown Member
NON-MEMBER OFFICE
List Price
$249,900
Sold Price
$245,000
Premium/Discount to List
-$4,900
-1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.31%
Original Mortgage
$183,750
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 16, 2015
Closed on
May 28, 2015
Sold by
Alexander Joe
Bought by
Kpachavi Koffi
Seller's Agent
Fernando Garcia
Park Regency Realty
Buyer's Agent
Unknown Member
NON-MEMBER OFFICE
List Price
$249,900
Sold Price
$245,000
Premium/Discount to List
-$4,900
-1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 24, 2011
Closed on
Jun 4, 2012
Sold by
Jp Properties Inc
Bought by
Alexander Joe and Lakeshore Lancaster Trust
Seller's Agent
Nelly Gonzalez
Park Regency Realty
Buyer's Agent
Unknown Member
List Price
$90,000
Sold Price
$95,000
Premium/Discount to List
$5,000
5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.15%

Purchase Details

Closed on
Mar 30, 2012
Sold by
Garcia Fernando and Garcia Erica C
Bought by
Jp Properties Inc

Purchase Details

Closed on
May 11, 2007
Sold by
Campos Enrique and Garcia Fernando
Bought by
Garcia Fernando

Purchase Details

Closed on
Oct 6, 2006
Sold by
Campos Enrique
Bought by
Campos Irrevocable Family Trust

Purchase Details

Closed on
Aug 22, 2005
Sold by
Campos Enrique
Bought by
Campos Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.76%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 6, 2003
Sold by
Campos Norma
Bought by
Campos Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.82%

Purchase Details

Closed on
Feb 10, 2003
Sold by
Pursel Mark and Pursel Coralena
Bought by
Campos Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.82%

Purchase Details

Closed on
Aug 1, 2001
Sold by
Huffman Donald G and Huffman Sylvie B
Bought by
Pursel Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,450
Interest Rate
7.05%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Kpachavi Koffi -- First American Title Company
Quiroga Ana Marquina $400,000 First American Title Company
Kpachavi Koffi -- None Available
Kpachavi Koffi -- Lawyers Title
Kpachavi Koffi $245,000 Lawyers Title
Alexander Joe -- None Available
Jp Properties Inc $95,000 Lawyers Title Co
Garcia Fernando -- None Available
Campos Irrevocable Family Trust -- None Available
Campos Enrique -- Southland
Campos Enrique -- Fidelity National Title Co
Campos Enrique $170,000 Fidelity National Title Co
Pursel Mark $133,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quiroga Ana Marquina $381,535
Closed Quiroga Ana Marquina $15,448
Closed Quiroga Ana Marquina $392,755
Previous Owner Kpachavi Koffi $183,750
Previous Owner Alexander Joe $300,000
Previous Owner Garcia Fernando $263,000
Previous Owner Campos Enrique $50,000
Previous Owner Campos Enrique $149,300
Previous Owner Campos Enrique $136,000
Previous Owner Pursel Mark $77,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2018 06/18/18 Sold $400,000 0.0% $158 / Sq Ft
05/29/2018 05/29/18 Pending -- -- --
03/13/2018 03/13/18 For Sale $399,999 +63.3% $158 / Sq Ft
06/30/2015 06/30/15 Sold $245,000 -2.0% $97 / Sq Ft
05/26/2015 05/26/15 Pending -- -- --
04/16/2015 04/16/15 For Sale $249,900 +163.1% $99 / Sq Ft
06/05/2012 06/05/12 Sold $95,000 +5.6% $38 / Sq Ft
06/05/2012 06/05/12 Pending -- -- --
08/24/2011 08/24/11 For Sale $90,000 -- $36 / 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 $6,859 $455,126 $68,267 $386,859
2024 $6,859 $446,203 $66,929 $379,274
2023 $6,732 $437,455 $65,617 $371,838
2022 $6,622 $428,879 $64,331 $364,548
2021 $6,531 $420,470 $63,070 $357,400
2020 $6,458 $416,840 $62,424 $354,416
2019 $6,351 $408,680 $61,200 $347,480
2018 $4,550 $259,463 $42,250 $217,213
2016 $4,331 $248,736 $40,610 $208,126
2015 $3,392 $169,058 $25,614 $143,444
2014 -- $165,748 $25,113 $140,635
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18057941

California Regional Multiple Listing Service (CRMLS)

APN: 3138-015-005