Seller's Agent in 2018
Anie Mayelian
Keller Williams Realty Calabasas
(818) 915-9118
29 Total Sales
150 E Lancaster Blvd Lancaster, CA 93535
East Lancaster Neighborhood
8
Beds
5
Baths
9,230
Sq Ft
0.51
Acres
Highlights
- 0.51 Acre Lot
- Corner Lot
- Laundry Room
About This Home
As of December 2018Price reduced by $100,000. Actual gross income of $169,440 and 7.03% CAP. This offering encompasses two contiguous parcels of 150 and 160 East Lancaster consisting of five 2 bedrooms/ 1 bath and nine 1 bedrooms/ 1 bath apartments. Magnificent opportunity to own an investment property with great income and no rent control in Lancaster, California. Premier location in City; adjacent to Highway 14, the main freeway connecting the greater Los Angeles area to the Antelope Valley. The Lancaster/Palmdale area is a growing, business-friendly region, and home to several large corporations such as
Lockheed Martin, Northrop Grumman, Space X, Boeing, General Dynamics, and NASA. Northrop Grumman is in process of increasing its operations in the area, and rental rates have increased significantly to accommodate the increased demand.
Last Agent to Sell the Property
Keller Williams Realty Calabasas License #00778825 Listed on: 09/04/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 0.51 Acre Lot
- No Common Walls
- Corner Lot
- 3142007018
Home Design
- 9,230 Sq Ft Home
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Parking
- 14 Parking Spaces
- 14 Carport Spaces
Additional Features
- Laundry Room
- Exterior Lighting
Listing and Financial Details
- Tax Lot 14
- Tax Tract Number 900607
- Assessor Parcel Number 3142007049
Community Details
Overview
- 2 Buildings
- 14 Units
Amenities
- Laundry Facilities
Building Details
- 16 Separate Electric Meters
- 16 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,471
- Fuel Expense $408
- Gardener Expense $1,800
- Insurance Expense $5,588
- Maintenance Expense $4,200
- Other Expense $2,000
- Pest Control $840
- Professional Management Expense $5,029
- Trash Expense $5,084
- Water Sewer Expense $2,174
- New Taxes Expense $20,312
- Operating Expense $52,061
- Gross Income $169,440
- Net Operating Income $114,206
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
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/12/2018 12/12/18 | Sold | $1,520,000 | -11.9% | $165 / Sq Ft |
| 11/20/2018 11/20/18 | Pending | -- | -- | -- |
| 09/04/2018 09/04/18 | For Sale | $1,725,000 | -- | $187 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Anie Mayelian
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR18213498
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