NOT LISTED FOR SALE

38220 11th St E Palmdale, CA 93550

East Palmdale Neighborhood
1 Bed
1 Bath
22,170 Sq Ft
1 Acres

Last Sold September 02, 2016

Last sale price $2,550,000 $115 Per Sq Ft

43 Days on Market

Highlights

  • Private Pool
  • 1 Acre Lot
  • 5-minute walk to Melville J. Courson Park

About This Home

As of September 2016

Known as the Shadow Park Apartments, the subject property features 36 units in two-story low rise apartment buildings. Ample parking available. Built in 1981. The property can be purchased individually or as part of a five (5) multi-family property portfolio. Located in Palmdale, the subject property is located just minutes east of the 14 freeway.

Last Agent to Sell the Property

Matthew Sullivan

Lee & Associates Investment Se License #00848427 Listed on: 03/24/2016

Last Buyer's Agent

Matthew Sullivan

Lee & Associates Investment Se License #00848427 Listed on: 03/24/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 1 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 54 Car Garage

Home Design

  • 22,170 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Outdoor Features

  • Private Pool
  • Exterior Lighting

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 7682
  • Assessor Parcel Number 3014028003

Community Details

Overview

  • 2 Buildings
  • 36 Units

Recreation

  • Community Pool

Building Details

  • 36 Separate Electric Meters
  • 36 Separate Gas Meters
  • 36 Separate Water Meters
  • Gardener Expense $1,020
  • Insurance Expense $7,510
  • Pest Control $1,020
  • Pool Expense $1,020
  • Professional Management Expense $21,184
  • Trash Expense $20,101
  • New Taxes Expense $37,767
  • Gross Income $23,300
  • Net Operating Income $167,446

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0

Parking

54

Listing Details

  • Professional Management Expense: 21184.00
  • Property Attached: Yes
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 3014028003
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 115.02

Exterior Features

  • Pool Expense: 1020.00
  • Pool Features: Community
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 54.00
  • Total Parking Spaces: 108.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 1020.00
  • Trash Expense: 20101.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 43527.00
  • Price Per Lot Square Foot: 58.58
  • Lot Size Acres: 0.9990

Multi Family

  • Gross Income: 23300.00
  • Gross Scheduled Income: 267672.00
  • Insurance Expense: 7510.00
  • Lot Size Area: 43527.0000 Square Feet
  • Net Operating Income: 167446.00
  • Number Of Separate Electric Meters: 36
  • Number Of Separate Gas Meters: 36
  • Number Of Separate Water Meters: 36
  • Number Of Units Total: 36
  • Operating Expense: 130226.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 37767.00
  • Tax Lot: 27
  • Tax Tract Number: 7682

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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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
09/02/2016 09/02/16 Sold $2,550,000 -5.6% $115 / Sq Ft
03/29/2016 03/29/16 Pending -- -- --
02/15/2016 02/15/16 For Sale $2,700,000 -- $122 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Matthew Sullivan

    Lee & Associates Investment Se

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16032351

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Palmdale 93550 East Palmdale

38220 11th St E, Palmdale, CA

Not Listed for Sale

MultiFamily

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