NOT LISTED FOR SALE
1 Bed
1 Bath
22,170 Sq Ft
1.0 Acre Lot

Sale Details

Date Sold: September 2, 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

  • 43,527 Sq Ft 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

1.0 Acres

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

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
Jun 29, 1995
Sold by
Bought by

Purchase Details

Closed on
Jun 27, 1995
Sold by
Bought by

Purchase Details

Closed on
Feb 17, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$465,000 --
-- Southern California Title Co
$368,961 Stewart Title
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 $2,240,000
Closed $1,865,000
Closed $505,000
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
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

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 $58,936 $2,959,488 $443,922 $2,515,566
2024 $55,292 $2,901,460 $435,218 $2,466,242
2023 $54,900 $2,844,570 $426,685 $2,417,885
2022 $53,081 $2,788,795 $418,319 $2,370,476
2021 $51,967 $2,734,114 $410,117 $2,323,997
2019 $50,773 $2,663,820 $397,953 $2,265,867
2018 $48,677 $2,611,800 $390,150 $2,221,650
2016 $38,123 $1,807,005 $274,415 $1,532,590
2015 $25,773 $649,872 $55,893 $593,979
2014 $25,587 $637,143 $54,799 $582,344
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16032351

California Regional Multiple Listing Service (CRMLS)
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