NOT LISTED FOR SALE

38050 11th St E Palmdale, CA 93550

East Palmdale Neighborhood
2 Beds
2 Baths
26,392 Sq Ft
1 Acres

Last Sold September 02, 2016

Last sale price $2,550,000 $97 Per Sq Ft

43 Days on Market

Highlights

  • Private Pool
  • 1 Acre Lot
  • Fireplace in Bathroom

About This Home

As of September 2016

Known as the Pinecrest Apartments, the subject property features 32 units in two-story low rise apartment buildings. Ample parking available. Built in 1989. The property can be purchased individually or as part of a five (5) multi-family property portfolio. Located in Palmdale, the subject property is located just minutes east of the 14 freeway.

Last Agent to Sell the Property

Matthew Sullivan

Lee & Associates Investment Se License #00848427 Listed on: 03/24/2016

Last Buyer's Agent

Matthew Sullivan

Lee & Associates Investment Se License #00848427 Listed on: 03/24/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 1 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 47 Car Garage

Home Design

  • 26,392 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms
  • Fireplace in Bathroom

Outdoor Features

  • Private Pool
  • Exterior Lighting

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 3014003026

Community Details

Overview

  • 5 Buildings
  • 32 Units

Recreation

  • Community Pool

Building Details

  • 32 Separate Electric Meters
  • 32 Separate Gas Meters
  • 32 Separate Water Meters
  • Insurance Expense $7,604
  • Pest Control $1,020
  • Pool Expense $1,020
  • Professional Management Expense $23,142
  • Trash Expense $23,147
  • New Taxes Expense $38,467
  • Gross Income $24,650
  • Net Operating Income $150,269

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

47

Listing Details

  • Professional Management Expense: 23142.00
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 3014003026
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Bath
  • Levels: One
  • Price Per Square Foot: 96.62

Exterior Features

  • Pool Expense: 1020.00
  • Pool Features: Community
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 47.00
  • Total Parking Spaces: 94.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 1020.00
  • Trash Expense: 23147.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 43572.00
  • Price Per Lot Square Foot: 58.52
  • Lot Size Acres: 1.0000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 24650.00
  • Gross Scheduled Income: 282834.00
  • Insurance Expense: 7604.00
  • Lot Size Area: 43572.0000 Square Feet
  • Net Operating Income: 150269.00
  • Number Of Separate Electric Meters: 32
  • Number Of Separate Gas Meters: 32
  • Number Of Separate Water Meters: 32
  • Number Of Units Total: 32
  • Operating Expense: 132565.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 38467.00

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
09/02/2016 09/02/16 Sold $2,550,000 -7.3% $97 / Sq Ft
03/29/2016 03/29/16 Pending -- -- --
02/15/2016 02/15/16 For Sale $2,750,000 -- $104 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Matthew Sullivan

    Lee & Associates Investment Se

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16032366

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Palmdale 93550 East Palmdale

38050 11th St E, Palmdale, CA

This home is located at 38050 11th St E, Palmdale, CA 93550 since 24 March 2016. This property was built in 1989. 38050 11th St E is a home located in Los Angeles County with nearby schools including Tumbleweed Elementary School, David G. Millen Intermediate, and Palmdale High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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