NOT LISTED FOR SALE

1640 Cactus Dr Lancaster, CA 93535

East Lancaster Neighborhood

Estimated Value: $912,000 - $1,120,191

10 Beds
10 Baths
4,035 Sq Ft
$240/Sq Ft Est. Value

Last Sold March 22, 2016

Last sale price $485,000 $120 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $5,860/month

148 Days on Market

About This Home

As of March 2016

Newer Well Maintained (Built In 1990) 4 Unit Property (Two 3BR + 2.5 Bath Townhouses & Two 2BR + 1.5 Bath Townhouses) There Is NO Rent Control And There Is Room To Raise The Rents. This Income Property Will Not Last!

Last Agent to Sell the Property

Jim Shavalian

Keller Williams-VIP Properties License #01918198 Listed on: 10/26/2015

Keller Williams-VIP Properties

Last Buyer's Agent

Unknown Member

NON-MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 0.35

Home Design

  • 4,035 Sq Ft Home
  • Tile Roof
  • Wood Siding
  • Stucco

Additional Features

  • 10 Bedrooms
  • 0.35 Acre Lot

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 3147-038-025

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Directions To Property: Go east on Avenue J, then go north on 17th St. east. Make a left on Cactus Dr. Property is on left hand side.
  • Income Producing: Yes
  • Listing Member Name: Jim Shavalian
  • Lot Measurement: SqFt
  • Prop. Type: Multi-Family
  • Sp Percent Lp: 0.99
  • Square Footage: 4035.00
  • Tract Suffix: Drive
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Unit: 122500.00

Exterior Features

  • Exterior Construction: Stucco, Wood
  • Roof: Tile

Utilities

  • Cooling Type: Central Air
  • HeatingTypes: Central, Natural Gas

Condo/Co-op/Association

  • Units in Building: 4

Lot Info

  • Lot Acres: 0.35
  • Zoning: LRR315UDP*

Tax Info

  • Assessor Parcel Number: 3147-038-025

Multi Family

  • Number2 Bedroom Units: 2.00
  • Number3 Bedroom Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2015
Closed on
Jan 28, 2016
Sold by
Kawase Raymond M
Bought by
Ramos Jose G
Seller's Agent
Jim Shavalian
Keller Williams-VIP Properties
Buyer's Agent
Unknown Member
NON-MEMBER OFFICE
List Price
$499,000
Sold Price
$485,000
Premium/Discount to List
-$14,000
-2.81%
Current Estimated Value
$970,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$485,298
Avg. Annual Appreciation
7.33%
Original Mortgage
$473,341
Interest Rate
3.72%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 17, 2011
Sold by
Kawase Raymond M and Kawase Masako E
Bought by
Kawase Raymond M and Kawase Masako E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
4.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 1994
Sold by
The Bank Of California Na
Bought by
Kawase Raymond M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ramos Jose G $485,000 Lawyers Title
Kawase Raymond M -- None Available
Kawase Raymond M -- Lawyers Title
Kawase Raymond M $200,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramos Jose G $473,341
Previous Owner Kawase Raymond M $145,000
Previous Owner Kawase Raymond M $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2016 03/22/16 Sold $485,000 -2.8% $120 / Sq Ft
03/22/2016 03/22/16 Pending -- -- --
10/26/2015 10/26/15 For Sale $499,000 -- $124 / Sq Ft
Source: Greater Antelope Valley Association of REALTORS®

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 $9,431 $574,133 $71,024 $503,109
2024 $9,431 $562,877 $69,632 $493,245
2023 $9,255 $551,841 $68,267 $483,574
2022 $9,082 $541,022 $66,929 $474,093
2021 $8,917 $530,415 $65,617 $464,798
2019 $8,513 $514,685 $63,672 $451,013
2018 $7,905 $504,594 $62,424 $442,170
2016 $5,666 $287,139 $57,420 $229,719
2015 $5,609 $282,827 $56,558 $226,269
2014 $5,613 $277,288 $55,451 $221,837
Source: Public Records

Agents Affiliated with this Home

  • Jim Shavalian

    Seller's Agent in 2016

    Jim Shavalian

    Keller Williams-VIP Properties

    (213) 448-3439

    3 Total Sales

    Jim Shavalian
    Section Image

  • U

    Buyer's Agent in 2016

    Unknown Member

    NON-MEMBER OFFICE

See All Agents

Map

Source: Greater Antelope Valley Association of REALTORS®

MLS Number: 15012460

Greater Antelope Valley Association of REALTORS®

APN: 3147-038-025

California Los Angeles County Lancaster 93535 East Lancaster

1640 Cactus Dr, Lancaster, CA

Not Listed for Sale

MultiFamily

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