Cynthia Cruz
Responds Quickly
eXp Realty of Southern Califor
(442) 282-6571
44 Total Sales
2 in East Palmdale
$550,000 Price Range
38128 10th St E Palmdale, CA 93550
East Palmdale Neighborhood
7
Beds
5
Baths
7,332
Sq Ft
0.93
Acre Lot
Highlights
- 0.93 Acre Lot
- Evaporated cooling system
- 1-Story Property
- No HOA
- Wall Furnace
- 5-minute walk to Melville J. Courson Park
About This Home
As of September 2013*** SOLD BEFORE PROCESSING *** Great investment opportunity to acquire a stabilized multi-family asset close to Palmdale City Hall in a good location. The site consists of three buildings on just under an acre of land. There 10 apartments in two buildings made up of 2BR and 1BR apts. The third building and 11th unit is a 3BR 2BA house (SFR) in approx 1150sf at the very front of the property. The entire property has been rehabbed in certain parts, stabilized, and nearly leased up. The property leases up very easily and sometimes with no advertising. Close to good schools. This investment will generate double digit yields with cash or financing. Where can you step into a ready made cash flow situation. Plus, the lot size is nearly an acre for a potential development opportunity in the future as it is zoned R3. Seller might even entertain a carry back or a partial seller financing opportunity depending on the offer. There is an unpermitted 12th unit that is not considered in the analysis herein.
Last Agent to Sell the Property
Rubinstein Group License #01220146 Listed on: 07/25/2012
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1968
Lot Details
- 40,464 Sq Ft Lot
- Lot Dimensions are 141' x 287'
- Two or More Common Walls
- Density is 36-40 Units/Acre
Parking
- 3 Car Garage
- 8 Carport Spaces
- Parking Available
- Unassigned Parking
Home Design
- Property Attached
Interior Spaces
- 7,332 Sq Ft Home
- 1-Story Property
- Leased Washer and Dryer
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Location
- Suburban Location
Utilities
- Evaporated cooling system
- Wall Furnace
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 25
- Assessor Parcel Number 3014002026
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 11 Units
Building Details
- 10 Leased Units
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- Electric Expense $895
- Gardener Expense $1,200
- Insurance Expense $2,650
- Maintenance Expense $2,562
- Trash Expense $3,540
- Water Sewer Expense $2,450
- New Taxes Expense $9,882
- Gross Income $7,105
- Net Operating Income $56,343
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
Jan 6, 2020
Sold by
Gonzalez Elias and Diaz Robert G
Bought by
Purchase Details
Closed on
Apr 21, 2014
Sold by
Gonzalez Elias and Diaz Roberto G
Bought by
Gonzalez Elias and Diaz Roberto G
Purchase Details
Listed on
Jul 25, 2012
Closed on
Sep 10, 2013
Sold by
Santana Alma Lizbeth
Bought by
Diaz Robert G
Seller's Agent
Todd Rubinstein
Rubinstein Group
Buyer's Agent
Susan Aragon
High Ten Partners, Inc.
List Price
$649,000
Sold Price
$619,000
Premium/Discount to List
-$30,000
-4.62%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Outstanding Balance
$337,958
Interest Rate
4.57%
Mortgage Type
Commercial
Purchase Details
Listed on
Jul 25, 2012
Closed on
Sep 9, 2013
Sold by
Gonzalez Bertha
Bought by
Gonzalez Elias
Seller's Agent
Todd Rubinstein
Rubinstein Group
Buyer's Agent
Susan Aragon
High Ten Partners, Inc.
List Price
$649,000
Sold Price
$619,000
Premium/Discount to List
-$30,000
-4.62%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Outstanding Balance
$337,958
Interest Rate
4.57%
Mortgage Type
Commercial
Purchase Details
Listed on
Jul 25, 2012
Closed on
Aug 16, 2013
Sold by
Palmdale 38128 10Th St Llc
Bought by
Gonzalez Elias and Diaz Robert G
Seller's Agent
Todd Rubinstein
Rubinstein Group
Buyer's Agent
Susan Aragon
High Ten Partners, Inc.
List Price
$649,000
Sold Price
$619,000
Premium/Discount to List
-$30,000
-4.62%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Outstanding Balance
$337,958
Interest Rate
4.57%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 12, 2012
Sold by
East West Bank
Bought by
Palmdale 38128 10Th St Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.63%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 5, 2011
Sold by
Navas Jovita
Bought by
East West Bank
Purchase Details
Closed on
Jul 15, 2005
Sold by
Navas Hernan
Bought by
Navas Jovita
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,000
Interest Rate
6.37%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 13, 2005
Sold by
Palmbrook Court Llc
Bought by
Navas Jovita
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,000
Interest Rate
6.37%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 10, 1997
Sold by
Lee Stephen G and The Stephen G Lee Trust
Bought by
Palmbrook Court Llc
Purchase Details
Closed on
Apr 29, 1996
Sold by
Hamilton Hayden D and Hamilton Patricia M
Bought by
Lee Stephen G and The Stephen G Lee Trust
Purchase Details
Closed on
Dec 11, 1995
Sold by
Great Western Bank Fsb
Bought by
Hamilton Hayden D and Hamilton Patricia M
Purchase Details
Closed on
Aug 25, 1995
Sold by
Evidente Ariel and Evidente Amihan
Bought by
Great Western Bank Fsb
Home Values in the Area
Average Home Value in this Area
Agents Specializing in East Palmdale, CA
-
Cynthia Cruz
-
Robert Carillo
Robert Carillo
Responds QuicklyElevate Real Estate Agency
(213) 577-2354
19 Total Sales
1 in East Palmdale
$420,000 Price
-
Jason Lowery
Jason Lowery
Compass
(747) 229-0866
87 Total Sales
2 in East Palmdale
$580,000 Price Range
-
Christina Powers
Christina Powers
KW The Lakes
(951) 395-8485
55 Total Sales
1 in East Palmdale
$422,000 Price
-
David Wendt
David Wendt
Elite Real Estate Services
(650) 695-6849
23 Total Sales
2 in East Palmdale
$430K - $450K Price Range
-
Mauro Lopez
Mauro Lopez
Responds QuicklyCentury 21 Masters
(747) 237-4772
62 Total Sales
15 in East Palmdale
$360K - $697K Price Range
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 |
|---|---|---|---|
| -- | None Available | ||
| Gonzalez Elias | -- | None Available | |
| Diaz Robert G | -- | Lawyers Title | |
| Gonzalez Elias | -- | Lawyers Title | |
| Gonzalez Benito | -- | Lawyers Title | |
| Gonzalez Elias | $619,000 | Lawyers Title | |
| Palmdale 38128 10Th St Llc | $390,003 | Fnt Ie | |
| East West Bank | $300,000 | Accommodation | |
| Navas Jovita | -- | First American Title Co | |
| Navas Jovita | $775,000 | First American Title Co | |
| Palmbrook Court Llc | $160,000 | Old Republic Title Company | |
| Lee Stephen G | $144,000 | First American Title Co | |
| Hamilton Hayden D | $110,000 | First American | |
| Great Western Bank Fsb | $106,005 | Chicago Title Co |
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 | $464,000 | ||
| Previous Owner | Palmdale 38128 10Th Street Llc | $50,000 | |
| Previous Owner | Palmdale 38128 10Th St Llc | $200,000 | |
| Previous Owner | Navas Jovita | $610,000 | |
| Previous Owner | Navas Jovita | $451,000 | |
| Previous Owner | Palmbrook Court Llc | $185,250 |
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 |
|---|---|---|---|---|
| 09/20/2013 09/20/13 | Sold | $619,000 | -4.6% | $84 / Sq Ft |
| 07/31/2013 07/31/13 | Pending | -- | -- | -- |
| 07/25/2012 07/25/12 | For Sale | $649,000 | -- | $89 / 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 | $16,786 | $857,020 | $128,653 | $728,367 |
| 2025 | $16,786 | $840,229 | $126,137 | $714,092 |
| 2024 | $15,640 | $823,755 | $123,664 | $700,091 |
| 2023 | $15,516 | $807,604 | $121,240 | $686,364 |
| 2022 | $14,975 | $791,769 | $118,863 | $672,906 |
| 2021 | $14,617 | $776,245 | $116,533 | $659,712 |
| 2020 | $13,543 | $698,777 | $104,240 | $594,537 |
| 2019 | $13,405 | $685,174 | $102,197 | $582,977 |
| 2018 | $13,231 | $671,838 | $100,194 | $571,644 |
| 2016 | $12,360 | $640,994 | $96,304 | $544,690 |
| 2015 | $12,230 | $631,367 | $94,858 | $536,509 |
| 2014 | -- | $619,000 | $93,000 | $526,000 |
Source: Public Records
Agents Affiliated with this Home
-
Todd Rubinstein
Seller's Agent in 2013
Todd Rubinstein
Rubinstein Group
(818) 593-3800
-
Susan Aragon
Buyer's Agent in 2013
Susan Aragon
High Ten Partners, Inc.
(626) 437-9975
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR13210436
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.
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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