NOT LISTED FOR SALE
5 Beds
3 Baths
15,988 Sq Ft
0.68 Acre Lot

Sale Details

Date Sold: February 3, 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

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 29,562 Sq Ft 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

0.68 Acres

Listing Details

  • CapRate: 6.06
  • 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 Rate: 7.00

Tax Info

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2026
Sold by
Jose Ceron and Pablo Alvarado
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,000
Outstanding Balance
$728,666
Interest Rate
6.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 14, 2016
Closed on
Jan 25, 2017
Sold by
Alvarado Piedad
Bought by
Alvarado Pablo
Seller's Agent
Howard Hanes
No Firm Affiliation
Buyer's Agent
Elvira Herrera
Coldwell Banker Quality Properties
List Price
$1,337,000
Sold Price
$1,337,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,000
Interest Rate
4.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Sep 14, 2016
Closed on
Dec 19, 2016
Sold by
Baig Khaliq F and Baig Zahid
Bought by
Alvarado Pablo and Alvarado Piedad
Seller's Agent
Howard Hanes
No Firm Affiliation
Buyer's Agent
Elvira Herrera
Coldwell Banker Quality Properties
List Price
$1,337,000
Sold Price
$1,337,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,000
Interest Rate
4.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 14, 2014
Sold by
Western Ave Property Investments Llc
Bought by
Baig Khaliq F and Baig Zahid

Purchase Details

Closed on
Jan 13, 2012
Sold by
Realty Brothers Llc
Bought by
Western Ave Property Investments Llc

Purchase Details

Closed on
Jul 17, 2007
Sold by
Bowlay Inc
Bought by
Realty Brothers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
6.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 2003
Sold by
Williams Phillip Bowlay
Bought by
Bowlay Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 6, 2003
Sold by
Bowlay Williams Elizabeth Bowlay and Bowlay Williams Phillip
Bought by
Williams Bowlay Phillip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 1994
Sold by
Fizzolio Michael J and Fizzolio Anne
Bought by
California Federal Bank
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in East Palmdale, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Company
Alvarado Pablo -- Lawyers Title Company
Alvarado Piedad -- Lawyers Title Company
Ceron Jose -- Lawyers Title Company
Alvarado Pablo -- Lawyers Title Company
Baig Khaliq F $404,500 Fidelity National Title Co
Baig Khaliq F -- Fidelity National Title Co
Baig Zahid -- Fidelity National Title Co
Western Ave Property Investments Llc -- None Available
Realty Brothers Llc $1,475,000 North American Title
Bowlay Inc -- Investors Title Company
Williams Bowlay Phillip -- Investors Title Company
California Federal Bank $243,597 Investors Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $730,000
Previous Owner Alvarado Pablo $840,000
Previous Owner Alvarado Pablo $870,000
Previous Owner Western Ave Property Investments Llc $735,000
Previous Owner Realty Brothers Llc $875,000
Previous Owner Bowlay Inc $1,075,000
Previous Owner Bowlay Inc $525,000
Previous Owner Bowlay Williams Philip A $60,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $47,049 $1,582,729 $239,122 $1,343,607
2025 $47,049 $1,551,696 $234,434 $1,317,262
2024 $44,855 $1,521,272 $229,838 $1,291,434
2023 $44,639 $1,491,444 $225,332 $1,266,112
2022 $43,671 $1,462,201 $220,914 $1,241,287
2021 $43,064 $1,433,532 $216,583 $1,216,949
2019 $42,419 $1,391,014 $210,160 $1,180,854
2018 $42,078 $1,363,740 $206,040 $1,157,700
2016 $22,191 $1,127,695 $169,826 $957,869
2015 $21,989 $1,110,757 $167,276 $943,481
2014 $19,259 $870,935 $130,640 $740,295
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16733360

California Regional Multiple Listing Service (CRMLS)
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