NOT LISTED FOR SALE

3118 E Avenue h8 Lancaster, CA 93535

East Lancaster Neighborhood

Estimated Value: $1,187,000 - $1,448,386

16 Beds
8 Baths
4,800 Sq Ft
$275/Sq Ft Est. Value

Last Sold June 06, 2019

Last sale price $875,000 $182 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $6,974/month

49 Days on Market

Highlights

  • 0.99 Acre Lot
  • Central Air
  • Wood Siding

About This Home

As of June 2019

Great opportunity to own a income producing property, at a great price! This is an 8 unit property consisting of 4 duplexes, each duplex is an 2 bedroom, 1 Bath house.The income is listed in the spreed sheet attached

Last Agent to Sell the Property

Yvette Gonzales

Keller Williams Realty A.V. License #01826203 Listed on: 02/12/2019

Keller Williams Realty A.V.

Last Buyer's Agent

jon bradley

California Realty & Associates License #01987273

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 0.99 Acre Lot

Home Design

  • 4,800 Sq Ft Home
  • Composition Roof
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Utilities

  • Central Air
  • Wall Furnace

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 3154-008-082

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • House Faces: E
  • Directions To Property: Avenue I to 30th St. East. Left on 30th to H-8.
  • Income Producing: Yes
  • Listing Member Name: Yvette L Gonzales
  • Lot Measurement: SqFt
  • Prop. Type: E
  • Sp Percent Lp: 0.97
  • Square Footage: 4800.00
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Unit: 112500.00
  • Total Bathrooms: 8.00

Exterior Features

  • Exterior Construction: Stucco, Wood
  • Roof: Composition

Garage/Parking

  • AdditionalInfoAssignedParkingSpaces: 12
  • AdditionalInfoCoveredParkingSpaces: 12

Utilities

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

Condo/Co-op/Association

  • Units in Building: 8

Lot Info

  • Lot Acres: 0.99
  • Zoning: D21lr

Tax Info

  • Assessor Parcel Number: 3154-008-082

Multi Family

  • Number2 Bedroom Units: 8.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2019
Closed on
May 29, 2019
Sold by
Bradley Elizabeth Ann
Bought by
Bradley Jonathan Charles
Seller's Agent
Yvette Gonzales
Keller Williams Realty A.V.
Buyer's Agent
jon bradley
California Realty & Associates
List Price
$900,000
Sold Price
$875,000
Premium/Discount to List
-$25,000
-2.78%
Current Estimated Value
$1,139,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,432
Avg. Annual Appreciation
6.36%
Original Mortgage
$612,500
Outstanding Balance
$396,549
Interest Rate
4.2%
Mortgage Type
Construction
Estimated Equity
$921,144

Purchase Details

Listed on
Feb 12, 2019
Closed on
Apr 24, 2019
Sold by
H 8 Partners Llc
Bought by
Bradley Jonathan Charles
Seller's Agent
Yvette Gonzales
Keller Williams Realty A.V.
Buyer's Agent
jon bradley
California Realty & Associates
List Price
$900,000
Sold Price
$875,000
Premium/Discount to List
-$25,000
-2.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,500
Outstanding Balance
$396,549
Interest Rate
4.2%
Mortgage Type
Construction
Estimated Equity
$921,144

Purchase Details

Listed on
Jul 22, 2015
Closed on
Feb 25, 2016
Sold by
Holt Gerald and Coker Stuart
Bought by
H-8 Partners Llc
Seller's Agent
Mark Chappell
ENRG Realty, Inc.
Buyer's Agent
Mark Chappell
Keller Williams Realty Lancaster
List Price
$550,000
Sold Price
$495,000
Premium/Discount to List
-$55,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.07%

Purchase Details

Listed on
Jul 22, 2015
Closed on
Nov 9, 2015
Sold by
Chappell Kelly
Bought by
Chappell Mark
Seller's Agent
Mark Chappell
ENRG Realty, Inc.
Buyer's Agent
Mark Chappell
Keller Williams Realty Lancaster
List Price
$550,000
Sold Price
$495,000
Premium/Discount to List
-$55,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 21, 2015
Sold by
Chang Steven P and Chang Steven
Bought by
Holt Gerald and Coker Stewart

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 1, 2011
Closed on
Jan 20, 2012
Sold by
Davis Jesse R and Davis Family Trust
Bought by
Chang Steven P
Seller's Agent
Angela Parekh
Pinnacle Estate Properties
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.98%
Original Mortgage
$315,000
Interest Rate
3.88%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Dec 1, 2011
Closed on
Dec 27, 2011
Sold by
Chou Connie Y
Bought by
Chang Steven P
Seller's Agent
Angela Parekh
Pinnacle Estate Properties
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
3.88%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 11, 1995
Sold by
Davis Jesse R and Davis Shirley M
Bought by
Davis Jesse R and Davis Shirley M
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
Bradley Jonathan Charles -- Fidelity National Title Co
Bradley Jonathan Charles $875,000 Fidelity National Title
H-8 Partners Llc -- First American Title
Chappell Mark -- First American Title
Coker Stuart -- First American Title La
Holt Gerald A -- First American Title La
Holt Gerald $505,000 First American Title
Chang Steven P $450,000 Fidelity National Title
Chang Steven P -- Fidelity National Title
Davis Jesse R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bradley Jonathan Charles $612,500
Previous Owner Holt Gerald $346,500
Previous Owner Chang Steven P $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2019 06/06/19 Sold $875,000 -2.8% $182 / Sq Ft
04/02/2019 04/02/19 Pending -- -- --
02/12/2019 02/12/19 For Sale $900,000 +81.8% $188 / Sq Ft
12/31/2015 12/31/15 Sold $495,000 -10.0% $103 / Sq Ft View Prior Sale
08/25/2015 08/25/15 Pending -- -- --
07/22/2015 07/22/15 For Sale $550,000 +22.2% $115 / Sq Ft
02/01/2012 02/01/12 Sold $450,000 -- $94 / Sq Ft View Prior Sale
12/01/2011 12/01/11 Pending -- -- --
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 $12,686 $976,073 $150,592 $825,481
2024 $12,686 $956,936 $147,640 $809,296
2023 $12,233 $938,174 $144,746 $793,428
2022 $12,273 $919,779 $141,908 $777,871
2021 $12,212 $901,745 $139,126 $762,619
2019 $8,011 $552,358 $82,774 $469,584
2018 $7,374 $541,528 $81,151 $460,377
2016 $6,638 $495,000 $74,000 $421,000
2015 $6,325 $470,294 $94,058 $376,236
2014 $6,329 $461,083 $92,216 $368,867
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2019

    Yvette Gonzales

    Keller Williams Realty A.V.

    (818) 554-3401

    5 in this area

    48 Total Sales

    Yvette Gonzales
    Section Image

  • j

    Buyer's Agent in 2019

    jon bradley

    California Realty & Associates

    (562) 230-9762

    1 in this area

    5 Total Sales

    jon bradley
    Section Image
  • Mark Chappell

    Seller's Agent in 2015

    Mark Chappell

    ENRG Realty, Inc.

    (661) 223-4017

    17 in this area

    86 Total Sales

    Mark Chappell
    Section Image

  • A

    Seller's Agent in 2012

    Angela Parekh

    Pinnacle Estate Properties

    (818) 426-8310

    1 in this area

    67 Total Sales

    Angela Parekh
    Section Image

  • N

    Buyer's Agent in 2012

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    20 in this area

    6,243 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: Greater Antelope Valley Association of REALTORS®

MLS Number: 19001921

Greater Antelope Valley Association of REALTORS®

APN: 3154-008-082

California Los Angeles County Lancaster 93535 East Lancaster

3118 E Avenue h8, Lancaster, CA

Not Listed for Sale

MultiFamily

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