NOT LISTED FOR SALE
1 Bed
1 Bath
9,554 Sq Ft
19,701 Sq Ft

Last Sold March 24, 2017

Last sale price $1,029,000 $108 Per Sq Ft

120 Days on Market

About This Home

As of March 2017

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

Corner location south of Palmdale Blvd. Ample parking: 3 garages, 13 carport, 3 open. All one bedroom, one bath units. Separately metered gas & electric, and individual water heaters. Built in 1984. Pitched roof, approximately 5 years old, per seller. Excellent rental exposure. 10%+ 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

Howard Hanes

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

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

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

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage
  • 13 Carport Spaces

Home Design

  • Property Attached

Interior Spaces

  • 9,554 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Additional Features

  • Suburban Location
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 49
  • Tax Tract Number 38210
  • Assessor Parcel Number 3009010001

Community Details

Overview

  • 16 Units

Building Details

  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $3,500
  • Maintenance Expense $11,260
  • Pest Control $600
  • Professional Management Expense $11,260
  • Trash Expense $2,500
  • Water Sewer Expense $4,524
  • New Taxes Expense $18,831
  • Operating Expense $54,276
  • Gross Income $112,604
  • Net Operating Income $58,329

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0.45 Acres

Parking

3

Listing Details

  • CapRate: 5.67
  • Professional Management Expense: 11260.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4524.00
  • Zoning: PDR3*
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 3009010001
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 107.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 13.00
  • Garage Spaces: 3.00
  • Total Parking Spaces: 19.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Heating Type: Heat Pump
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 2500.00
  • 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: 19701.00

Multi Family

  • Average1 Bed Area: 620 Square Feet
  • Gross Multiplier: 8.50
  • Gross Operating Income: 112604.00
  • Gross Scheduled Income: 121080.00
  • Insurance Expense: 3500.00
  • Maintenance Expense: 11260.00
  • Maintenance Percent: 10.00
  • Net Operating Income: 58329.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 54276.00
  • Operating Expense Percent: 44.00
  • Rent Control: No
  • Total Actual Rent: 10090.00
  • Total Expenses: 54276.00
  • Vacancy Allowance Rate: 7.00

Tax Info

  • New Taxes Expense: 18831.00
  • Tax Census Tract: 9104.03
  • Tax Lot: 49
  • Tax Tract Number: 38210
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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 List to Sale Price per Sq Ft
03/24/2017 03/24/17 Sold $1,029,000 0.0% $108 / Sq Ft
01/12/2017 01/12/17 Pending -- -- --
09/14/2016 09/14/16 For Sale $1,029,000 -- $108 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $23,608 $1,194,236 $184,530 $1,009,706
2024 $23,608 $1,170,820 $180,912 $989,908
2023 $23,441 $1,147,864 $177,365 $970,499
2022 $22,677 $1,125,358 $173,888 $951,470
2021 $22,183 $1,103,293 $170,479 $932,814
2020 $21,889 $1,097,331 $168,731 $928,600
2019 $21,681 $1,075,921 $165,423 $910,498
2018 $21,407 $1,054,930 $162,180 $892,750
2016 $20,427 $1,000,000 $301,300 $698,700
2015 $18,374 $1,595,651 $480,880 $1,114,771
2014 $27,310 $1,564,396 $471,461 $1,092,935
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16733389

California Regional Multiple Listing Service (CRMLS)
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