NOT LISTED FOR SALE

222 E Avenue q7 Palmdale, CA 93550

East Palmdale Neighborhood

Estimated Value: $1,423,000 - $1,494,056

28 Beds
16 Baths
9,840 Sq Ft
$148/Sq Ft Est. Value

Last Sold June 17, 2021

Last sale price $1,210,000 $123 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $9,412/month

34 Days on Market

About This Home

As of June 2021

Multi-Family Residential 8-unit complex located in Palmdale with quick access to 14 Fwy and public transportation. Located across the street from an elementary school and within close proximity to retail areas. Townhome-style units- (4) 4 bdrm/2 bah and (4) 3 bdrm/2 bath all with laundry hookups. Built in 1971, features a u-shape design of 3 apartment buildings with a center courtyard. Each unit has covered carport parking off the alley access. Needs refurbishing. Savvy investors after renovation should attract market rents which will help recapture investment.

Last Agent to Sell the Property

Jeff Little

Coldwell Banker-A Hartwig Co. License #01276588 Listed on: 02/09/2021

Coldwell Banker-A Hartwig Co.

Co-Listed By

Dennis Geer - Realtor

Coldwell Banker-A Hartwig Co. License #00758955

Last Buyer's Agent

Unknown Member

NON-MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 0.31

Home Design

  • 9,840 Sq Ft Home
  • Composition Roof
  • Wood Siding
  • Stucco

Utilities

  • Central Air
  • Wall Furnace

Additional Features

  • 28 Bedrooms
  • 0.31 Acre Lot

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 3008-024-030

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • House Faces: E
  • Directions To Property: Palmdale Blvd to 2nd St. East, North on 2nd St East to Q7, East on Q7 to property.
  • Income Producing: Yes
  • Listing Member Name: Jeff Little
  • Lot Measurement: SqFt
  • Prop. Type: E
  • Sp Percent Lp: 1.31
  • Square Footage: 9840.00
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Unit: 115625.00

Exterior Features

  • Exterior Construction: Stucco, Wood
  • Roof: Composition

Utilities

  • Cooling Type: Central Air/Evap
  • HeatingTypes: Wall Furnace

Condo/Co-op/Association

  • Units in Building: 8

Lot Info

  • Lot Acres: 0.31
  • Zoning: LCR3

Tax Info

  • Assessor Parcel Number: 3008-024-030

Multi Family

  • Number2 Bedroom Units: 4.00
  • Number 4 Bedroom Units: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2017
Sold by
Soar Real Estate Investors Llc
Bought by
Soar Real Estate Investors Llc
Current Estimated Value
$1,448,375

Purchase Details

Listed on
Sep 14, 2016
Closed on
Feb 27, 2017
Sold by
Baig Khaliq Fayyaz and Baig Zahid I
Bought by
Soar Real Estate Investors Llc
Seller's Agent
Howard Hanes
No Firm Affiliation
List Price
$775,000
Sold Price
$775,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.44%
Original Mortgage
$581,250
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 5, 2014
Sold by
High Desert Investment Properties I Llc
Bought by
Baig Khalig Fayyaz and Baig Zahid I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,000
Interest Rate
4.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 4, 2014
Sold by
Baig Sumeera
Bought by
Baig Zahid I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,000
Interest Rate
4.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 19, 2013
Sold by
Evergreen Catalpa Partners
Bought by
High Desert Investment Properties I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,000
Interest Rate
3.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 2004
Sold by
Field Kenneth W
Bought by
Evergreen Catalpa Partners

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
6.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 2, 2001
Sold by
Universal Svgs Bank
Bought by
Evergreen Catalpa Partners

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
7.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 1, 1999
Sold by
Srb Associates
Bought by
Universal Svgs Bank

Purchase Details

Closed on
Jan 29, 1998
Sold by
Rogers Robert A
Bought by
Rogers Donna L
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
Soar Real Estate Investors Llc $109,000 Accommodation
Soar Real Estate Investors Llc $775,000 Lawyers Title Company
Baig Khalig Fayyaz $595,000 Pacific Coast Title Company
Baig Zahid I -- Pacific Coast Title Company
Baig Khalig Fayyaz -- Pacific Coast Title Company
High Desert Investment Properties I Llc $290,000 Pacific Coast Title Company
Evergreen Catalpa Partners -- Alliance Title Company
Evergreen Catalpa Partners $475,000 American Title Co
Universal Svgs Bank $250,000 Chicago Title Co
Rogers Donna L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Soar Real Estate Investors Llc $581,250
Previous Owner Baig Khalig Fayyaz $446,000
Previous Owner High Desert Investment Properties I Llc $22,000
Previous Owner Evergreen Catalpa Partners $637,500
Previous Owner Evergreen Catalpa Partners $384,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/17/2021 06/17/21 Sold $1,210,000 +30.8% $123 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
02/09/2021 02/09/21 For Sale $925,000 +19.4% $94 / Sq Ft
03/24/2017 03/24/17 Sold $775,000 0.0% $79 / Sq Ft View Prior Sale
01/24/2017 01/24/17 Pending -- -- --
09/14/2016 09/14/16 For Sale $775,000 -- $79 / 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 $22,054 $1,319,535 $200,249 $1,119,286
2024 $20,656 $1,293,663 $196,323 $1,097,340
2023 $20,489 $1,268,298 $192,474 $1,075,824
2022 $19,640 $1,234,200 $188,700 $1,045,500
2021 $14,859 $835,948 $127,402 $708,546
2020 $14,639 $831,377 $126,096 $705,281
2019 $14,491 $815,155 $123,624 $691,531
2018 $14,302 $799,250 $121,200 $678,050
2016 $11,637 $616,141 $92,680 $523,461
2015 $11,543 $606,887 $91,288 $515,599
2014 $10,933 $552,496 $82,874 $469,622
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jeff Little

    Coldwell Banker-A Hartwig Co.

    (661) 400-2097

    2 in this area

    30 Total Sales

    Jeff Little
    Section Image

  • D

    Seller Co-Listing Agent in 2021

    Dennis Geer - Realtor

    Coldwell Banker-A Hartwig Co.

    (661) 948-8424

    2 in this area

    28 Total Sales

    Dennis Geer - Realtor
    Section Image

  • U

    Buyer's Agent in 2021

    Unknown Member

    NON-MEMBER OFFICE

  • H

    Seller's Agent in 2017

    Howard Hanes

    No Firm Affiliation

    Section Image
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Map

Source: Greater Antelope Valley Association of REALTORS®

MLS Number: 21001031

Greater Antelope Valley Association of REALTORS®

APN: 3008-024-030

California Los Angeles County Palmdale 93550 East Palmdale

222 E Avenue q7, Palmdale, CA

Not Listed for Sale

MultiFamily

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