NOT LISTED FOR SALE

38109 11th St E Palmdale, CA 93550

East Palmdale Neighborhood
5 Beds
3 Baths
15,988 Sq Ft
0.68 Acres

Last Sold February 03, 2017

Last sale price $1,337,000 $84 Per Sq Ft

93 Days on Market

About This Home

As of February 2017

Available as individual or as part of a 41 unit, three-property portfolio sale. See supplements for portfolio sale information.

This property consists of 16 townhouse units, each with an enclosed patio, and one attached single family residence. There are 9: 2+1 townhome units, 7: 2+1.5 townhome units, and 1: 3+2 single family residence. The large 15,988 sq ft lot is located just South of Palmdale Blvd, and contains 17 carport parking spaces. Each unit has separately metered gas and electric, and individual water heaters. 15% Upside. NO RENT CONTROL.

Last Agent to Sell the Property

Howard Hanes

No Firm Affiliation License #00282754 Listed on: 09/14/2016

Last Buyer's Agent

Elvira Herrera

Coldwell Banker Quality Properties License #01100087

Coldwell Banker Quality Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.68 Acre Lot
  • Two or More Common Walls
  • Density is 31-35 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 15,988 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 17 Parking Spaces
  • 17 Carport Spaces

Additional Features

  • Suburban Location
  • Central Heating

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 7951
  • Assessor Parcel Number 3014002007

Community Details

Overview

  • 3 Buildings
  • 17 Units

Building Details

  • 16 Leased Units
  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $3,588
  • Maintenance Expense $14,831
  • Pest Control $600
  • Professional Management Expense $14,688
  • Trash Expense $4,600
  • Water Sewer Expense $5,136
  • New Taxes Expense $22,595
  • Operating Expense $67,238
  • Gross Income $148,305
  • Net Operating Income $81,068

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • CapRate: 6.06
  • Price Per Unit: 78647
  • Professional Management Expense: 14688.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5136.00
  • Zoning: PDR3*
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 3014002007
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 83.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 17.00
  • Total Parking Spaces: 17.00

Utilities

  • Heating: Yes
  • Heating Type: Central
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 4600.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 31-35 Units/Acre
  • Lot Size Sq Ft: 29562.00

Multi Family

  • Average2 Bed Area: 824 Square Feet
  • Average3 Bed Area: 1580 Square Feet
  • Gross Multiplier: 8.38
  • Gross Operating Income: 148305.00
  • Gross Scheduled Income: 159468.00
  • Insurance Expense: 3588.00
  • Maintenance Expense: 14831.00
  • Maintenance Percent: 10.00
  • Net Operating Income: 81068.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 16
  • Number Of Units Total: 17
  • Operating Expense: 67238.00
  • Operating Expense Percent: 42.00
  • Rent Control: No
  • Total Actual Rent: 13170.00
  • Total Expenses: 67238.00
  • Vacancy Allowance: 11136
  • Vacancy Allowance Rate: 7.00

Tax Info

  • New Taxes Expense: 22595.00
  • Tax Census Tract: 9105.01
  • Tax Lot: 25
  • Tax Tract Number: 07951

Range of Values:

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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
02/03/2017 02/03/17 Sold $1,337,000 0.0% $84 / Sq Ft
12/16/2016 12/16/16 Pending -- -- --
09/14/2016 09/14/16 For Sale $1,337,000 +14.8% $84 / Sq Ft
06/30/2014 06/30/14 Sold $1,165,000 -2.8% $73 / Sq Ft
04/04/2014 04/04/14 Pending -- -- --
02/10/2014 02/10/14 For Sale $1,199,000 -- $75 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2017

    Howard Hanes

    No Firm Affiliation

  • Elvira Herrera

    Buyer's Agent in 2017

    Elvira Herrera

    Coldwell Banker Quality Properties

    (661) 297-1666

    9 Total Sales

    Section Image
  • Mike Pesci

    Seller's Agent in 2014

    Mike Pesci

    Keller Williams Studio City

    (818) 432-1647

    66 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16733360

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Palmdale 93550 East Palmdale

38109 11th St E, Palmdale, CA

This home is located at 38109 11th St E, Palmdale, CA 93550 since 14 September 2016. This property was built in 1960. 38109 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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