NOT LISTED FOR SALE

3400 15th St W Rosamond, CA 93560

18 Beds
9 Baths
104,890 Sq Ft
6.6 Acres

Last Sold September 01, 2015

Last sale price $5,725,000 $55 Per Sq Ft

104 Days on Market

Highlights

  • Private Pool
  • Lawn
  • Landscaped
  • 6.6 Acre Lot
  • Neighborhood Views
  • West Facing Home

About This Home

As of September 2015

3400 15th Street West is a 120 unit, two story, 104,890 square foot apartment property, constructed in 1987 in Rosamond, CA. Known as the Rosamond Garden Apartments, the property consists of ten (10) separate two-story buildings. The unit mix consists of 120 two (2) bedroom/one (1) bath units. There are 235 parking spaces and an on-site laundry. The property is individually metered for gas and electric.

Last Agent to Sell the Property

Matthew Sullivan

Lee & Associates Investment Se License #00848427 Listed on: 02/19/2015

Last Buyer's Agent

Matthew Sullivan

Lee & Associates Investment Se License #00848427 Listed on: 02/19/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 6.6 Acre Lot
  • No Common Walls
  • West Facing Home
  • Landscaped
  • Level Lot
  • Lawn
  • Density is 16-20 Units/Acre

Parking

  • 235 Car Garage
  • Parking Available
  • Unassigned Parking

Interior Spaces

  • 104,890 Sq Ft Home
  • Neighborhood Views

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 9 Bathrooms

Outdoor Features

  • Private Pool
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 25101015

Community Details

Overview

  • 10 Buildings
  • 120 Units

Recreation

  • Community Pool

Building Details

  • 96 Leased Units
  • Insurance Expense $24,465
  • Maintenance Expense $86,162
  • Other Expense $8,958
  • Professional Management Expense $41,300
  • Trash Expense $125,791
  • New Taxes Expense $68,862
  • Gross Income $60,475
  • Net Operating Income $350,134

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Parking

235

Listing Details

  • CapRate: 5.90
  • Professional Management Expense: 41300.00
  • Property Attached: No
  • Road Surface Type: Paved
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 25101015
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 54.58

Exterior Features

  • Direction Faces: West
  • View: Neighborhood
  • Pool Features: Community
  • Pool Private: Yes
  • Spa: No

Garage/Parking

  • Garage Spaces: 235.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 235.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 125791.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: 16-20 Units/Acre, Lawn, Landscaped, Level with Street
  • Lot Size Sq Ft: 287496.00
  • Price Per Lot Square Foot: 19.91
  • Lot Size Acres: 6.6000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 60475.00
  • Gross Multiplier: 6.61
  • Gross Scheduled Income: 727904.00
  • Insurance Expense: 24465.00
  • Lot Size Area: 6.6000 Acres
  • Maintenance Expense: 86162.00
  • Net Operating Income: 350134.00
  • Number Of Units Leased: 96
  • Number Of Units Total: 120
  • Operating Expense: 377770.00
  • Other Expense: 8958.00
  • Other Expense Description: Advertis
  • Rent Control: No
  • Total Actual Rent: 60475.00

Tax Info

  • New Taxes Expense: 68862.00
  • Tax Lot: 1
  • Tax Tract Number: 1
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2024 04/13/24 Price Changed $1,475 +5.4% $1 / Sq Ft
08/22/2023 08/22/23 Price Changed $1,400 -3.4% $1 / Sq Ft
08/18/2023 08/18/23 For Rent $1,450 0.0% --
09/01/2015 09/01/15 Sold $5,725,000 -3.8% $55 / Sq Ft
07/07/2015 07/07/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $5,950,000 -- $57 / 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 $20,690 $685,102 $48,898 $636,204
2024 $20,690 $671,670 $47,940 $623,730
2023 $19,557 $658,500 $47,000 $611,500
2022 $18,314 $638,632 $33,464 $605,168
2021 $16,901 $626,110 $32,808 $593,302
2020 $15,706 $619,691 $32,472 $587,219
2019 $8,494 $619,691 $32,472 $587,219
2018 $8,276 $595,629 $31,212 $564,417
2017 $8,147 $583,950 $30,600 $553,350
2016 $7,803 $572,500 $30,000 $542,500
2015 $5,706 $390,000 $30,000 $360,000
2014 $11,043 $390,000 $30,000 $360,000
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR15064415

California Regional Multiple Listing Service (CRMLS)