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
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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
| 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 | $12,588 | $763,009 | $152,823 | $610,186 |
| 2024 | $12,588 | $748,049 | $149,827 | $598,222 |
| 2023 | $12,360 | $733,383 | $146,890 | $586,493 |
| 2022 | $12,151 | $719,004 | $144,010 | $574,994 |
| 2021 | $11,964 | $704,907 | $141,187 | $563,720 |
| 2019 | $11,656 | $688,200 | $137,000 | $551,200 |
| 2018 | $8,651 | $476,525 | $96,210 | $380,315 |
| 2016 | $8,211 | $453,986 | $92,475 | $361,511 |
| 2015 | $8,126 | $447,167 | $91,086 | $356,081 |
| 2014 | $8,119 | $438,408 | $89,302 | $349,106 |
Source: Public Records
Agents Affiliated with this Home
-
Anie Mayelian
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR18213498
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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