NOT LISTED FOR SALE

346 E Lancaster Blvd Lancaster, CA 93535

East Lancaster Neighborhood

Estimated Value: $304,000 - $577,000

4 Beds
4 Baths
2,650 Sq Ft
$168/Sq Ft Est. Value

Last Sold June 13, 2012

Last sale price $144,000 $54 Per Sq Ft

Est. 209% increase in value since last sale

Current estimated payment $2,653/month

About This Home

As of June 2012

This is a short sale price is not quarantee subject to lender's approval. Great opportunity for investors. Great 2 story 4plex on Lancaster Blvd. Consists of 4 1+1 units, 4 carports with garage doors and secured laundry room. Laundry facility that produces small income.

Last Agent to Sell the Property

Alba cole

HomeSmart Evergreen Realty License #01463223 Listed on: 05/29/2012

Last Buyer's Agent

Alba cole

HomeSmart Evergreen Realty License #01463223 Listed on: 05/29/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 6,758 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • 2,650 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 15467
  • Assessor Parcel Number 3142016003

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $240
  • Insurance Expense $600
  • Trash Expense $900
  • Water Sewer Expense $960
  • New Taxes Expense $1,862
  • Gross Income $2,400
  • Net Operating Income $21,138

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Water Sewer Expenses: 960.00
  • Property Type: Residential Income
  • Parcel Number: 3142016003
  • Year Built: 1973
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Square Foot: 54.34

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Trash Expense: 900.00

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 6758.00
  • Lot Size Acres: 0.1600

Multi Family

  • Electric Expense: 240.00
  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 600.00
  • Lot Size Area: 6758.0000 Square Feet
  • Net Operating Income: 21138.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7662.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1862.00
  • Tax Area: 5438
  • Tax Lot: 3
  • Tax Tract Number: 15467
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2012
Closed on
May 31, 2012
Sold by
Backner James W
Bought by
Cortes Crestino and Cortes Elia
Seller's Agent
Alba cole
HomeSmart Evergreen Realty
Buyer's Agent
Alba cole
eXp Realty of California Inc
Sold Price
$144,000
Current Estimated Value
$444,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$300,772
Avg. Annual Appreciation
8.69%

Purchase Details

Closed on
Nov 29, 2011
Sold by
Henry John
Bought by
Backner James W

Purchase Details

Closed on
Nov 26, 2003
Sold by
Backner Sandra Karen
Bought by
Backner James W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,900
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2003
Sold by
Harris James
Bought by
Backner James W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,900
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 2003
Sold by
Allen Shawndra
Bought by
Harris James and Harris Shawndra N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,950
Interest Rate
11.12%

Purchase Details

Closed on
Sep 17, 1998
Sold by
Harper Melvin A
Bought by
Allen Shawndra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
9.37%

Purchase Details

Closed on
May 6, 1998
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Harper Melvin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.05%

Purchase Details

Closed on
Jan 20, 1998
Sold by
Cabiltes Thelma T and Federal Home Loan Mortgage Cor
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jun 16, 1995
Sold by
Cabiltes Thelma T
Bought by
Cabiltes Alfonso O and Cabiltes Thelma T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,826
Interest Rate
7.88%

Purchase Details

Closed on
Sep 28, 1992
Sold by
Cabiltes Thelma T
Bought by
Cabiltes Alfonso O and Cabiltes Thelma T
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
Cortes Crestino $144,000 Lawyers Title Company
Backner James W -- Accommodation
Backner James W -- Investors Title Company
Backner James W $247,000 Investors Title Company
Harris James -- First American Title Co
Allen Shawndra $100,000 Fidelity National Title Co
Harper Melvin A $52,000 First American Title Co
Federal Home Loan Mortgage Corporation $121,083 First American Title Ins Co
Cabiltes Alfonso O -- Chicago Title Insurance Co
Cabiltes Alfonso O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Backner James W $172,900
Previous Owner Harris James $118,950
Previous Owner Allen Shawndra $80,000
Previous Owner Harper Melvin A $40,000
Previous Owner Cabiltes Alfonso O $7,826
Closed Allen Shawndra $15,000
Closed Backner James W $49,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/13/2012 06/13/12 Sold $144,000 0.0% $54 / Sq Ft View Prior Sale
06/13/2012 06/13/12 Sold $144,000 -3.4% $54 / Sq Ft
05/29/2012 05/29/12 Pending -- -- --
05/28/2012 05/28/12 Pending -- -- --
01/26/2012 01/26/12 For Sale $149,000 -- $56 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,859 $180,857 $27,626 $153,231
2024 $3,859 $177,312 $27,085 $150,227
2023 $3,798 $173,836 $26,554 $147,282
2022 $3,736 $170,429 $26,034 $144,395
2021 $3,666 $167,088 $25,524 $141,564
2019 $3,579 $162,134 $24,768 $137,366
2018 $3,530 $158,956 $24,283 $134,673
2017 $3,495 $155,840 $23,807 $132,033
2016 $3,362 $152,786 $23,341 $129,445
2015 $3,327 $150,492 $22,991 $127,501
2014 $3,337 $147,545 $22,541 $125,004
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2012

    Alba Cole

    Century 21 Masters

  • C

    Buyer's Agent in 2012

    Connie Magruder

    HomeSmart Evergreen Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F12012811

California Regional Multiple Listing Service (CRMLS)

APN: 3142-016-003

California Los Angeles County Lancaster 93535 East Lancaster

346 E Lancaster Blvd, Lancaster, CA

Not Listed for Sale

MultiFamily

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