NOT LISTED FOR SALE
1 Bed
1 Bath
9,554 Sq Ft
0.45 Acres Lot

Sale Details

Date 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

  • 19,701 Sq Ft 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

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
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

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
2025 $25,180 $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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