NOT LISTED FOR SALE

341 E Avenue q7 Palmdale, CA 93550

East Palmdale Neighborhood

Estimated Value: $530,802 - $547,000

4 Beds
3 Baths
-- Sq Ft
6,316 Sq Ft Lot

Last Sold November 13, 2024

Last sale price $525,000

Est. 3% increase in value since last sale

Current estimated payment $3,019/month

13 Days on Market

Highlights

  • Gated Home
  • Level Lot
  • 1-Story Property

About This Home

As of November 2024

Discover this three-unit income property featuring a charming front house with 2 bedrooms and 1 bathroom, alongside a duplex with two 1-bedroom, 1-bathroom units in the back. This property is Section 8 approved, ensuring a steady stream of rental income from reliable tenants. Currently undergoing upgrades, the front house is getting brand new flooring to enhance its appeal. Located in a desirable Palmdale neighborhood, the property offers convenient access to local amenities and public transportation. Each unit has an ideal layout, catering to tenant needs. Don't miss this opportunity to invest in a well-maintained property with strong income potential!

Last Agent to Sell the Property

Tyler Brand

Nara Advisors, Inc. License #02214185 Listed on: 09/19/2024

Last Buyer's Agent

Ash Ghavami

Re/Max Luxe License #01994702

Re/Max Luxe

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • Gated Home
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Additional Features

  • 1-Story Property
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Assessor Parcel Number 3008-016-036

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $49,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Cross Street: 5th street East; Palmdale Blvd
  • LP / Sq Ft: 7.89
  • Stories: 1 Story
  • Sale Price List Price: 0.99
  • Total Stories: 1
  • Year Built: 1967
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Vinyl
  • Fencing: Gate
  • Roof: Composition

Utilities

  • Cooling: Wall/Window

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Topography: Level
  • Assessor Parcel Number: 3008-016-036

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 49200
  • Gross Rent Multiplier Actual: 10.0
  • Gross Rent Multiplier Projected: 8.0
  • Number Of Buildings: 2
  • Number Of Furnished Units: 1
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2024
Closed on
Oct 16, 2024
Sold by
Hester Murray
Bought by
Bybordi Arya
Seller's Agent
Tyler Brand
Nara Advisors, Inc.
Buyer's Agent
Ash Ghavami
Re/Max Luxe
List Price
$529,999
Sold Price
$525,000
Premium/Discount to List
-$4,999
-0.94%
Views
10
Current Estimated Value
$540,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,951
Avg. Annual Appreciation
2.59%
Original Mortgage
$446,250
Outstanding Balance
$441,351
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$99,600

Purchase Details

Closed on
May 24, 2001
Sold by
Duplechan Enoch and Duplechan Enocthas
Bought by
Murray Hester

Purchase Details

Closed on
Mar 7, 2000
Sold by
And Helen Henry Trust Henry Gerald E And Hele
Bought by
Duplechan Enoch

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,900
Interest Rate
8.22%

Purchase Details

Closed on
Mar 24, 1997
Sold by
Henry Gerald E and Henry Helen E
Bought by
Henry Gerald E and Henry Helen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,500
Interest Rate
7.63%

Purchase Details

Closed on
Jul 10, 1996
Sold by
Freeman Henry M and Freeman Betty J
Bought by
Henry Gerald E and Henry Helen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
8.32%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 21, 1995
Sold by
Campos Francisco A and Campos Teresa Dejesus
Bought by
Freeman Henry M and Freeman Betty J
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
Bybordi Arya $525,000 Lawyers Title Company
Bybordi Arya $525,000 Lawyers Title Company
Murray Hester $1,000 Chicago Title Co
Duplechan Enoch $75,000 South Coast Title
Henry Gerald E -- Continental Title
Henry Gerald E -- Lawyers Title
Henry Gerald E $50,000 Chicago Title Co
Freeman Henry M -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bybordi Arya $446,250
Closed Bybordi Arya $446,250
Previous Owner Duplechan Enoch $59,900
Previous Owner Henry Gerald E $55,500
Previous Owner Henry Gerald E $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2024 11/13/24 Sold $525,000 -0.9% --
10/03/2024 10/03/24 Pending -- -- --
09/20/2024 09/20/24 For Sale $529,999 +1.0% --
09/19/2024 09/19/24 Off Market $525,000 -- --
09/19/2024 09/19/24 For Sale $529,999 -- --
Source: San Diego MLS

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 $2,293 $525,000 $158,000 $367,000
2024 $2,293 $141,792 $35,441 $106,351
2023 $2,274 $139,013 $34,747 $104,266
2022 $2,179 $136,288 $34,066 $102,222
2021 $2,128 $133,617 $33,399 $100,218
2020 $2,080 $132,568 $33,057 $99,511
2019 $2,044 $129,976 $32,409 $97,567
2018 $2,023 $127,435 $31,774 $95,661
2016 $1,860 $122,181 $30,541 $91,640
2015 $1,853 $120,347 $30,083 $90,264
2014 $1,859 $117,990 $29,494 $88,496
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    Tyler Brand

    Nara Advisors, Inc.

    Section Image
  • Ash Ghavami

    Buyer's Agent in 2024

    Ash Ghavami

    RE/MAX

    (818) 917-8459

    1 in this area

    59 Total Sales

    Ash Ghavami
    Section Image
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Map

Source: San Diego MLS

MLS Number: 240022309

San Diego MLS

APN: 3008-016-036

California Los Angeles County Palmdale 93550 East Palmdale

341 E Avenue q7, Palmdale, CA

Not Listed for Sale

MultiFamily

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