NOT LISTED FOR SALE

38225 12th St E Palmdale, CA 93550

East Palmdale Neighborhood
29 Beds
15 Baths
12,900 Sq Ft
0.49 Acres

Last Sold September 26, 2023

Last sale price $2,175,000 $169 Per Sq Ft

64 Days on Market

About This Home

As of September 2023

Incredible value-add multi-family investment opportunity in the fast growing city of Palmdale CA. This rare investment opportunity for savvy investors is a 14-unit apartment complex with in long term tenants in place. This property was built in 1983, has a wood construction, and sits on + 21,463 sqft of land with + 12,900 sqft of improvements. The property is mostly uniform and is comprised of 13 Two-Bed/One-Bath units, and 1 Three-Bed/Two-Bath unit. All units are individually metered for gas and electric, and master metered for water. Property has gated access with 20 parking spaces, 14 of which are covered. Located in a working class area, this property is centrally located and has convenient access to public transportation, shopping, and dining. The city is currently reinvesting tax dollars in this area and improving city streets, literally, with re-paving the roads and installing new street lights. The property has been well-maintained and is in excellent condition, requiring

Last Agent to Sell the Property

Kesean Diamond

Keller Williams Realty A.V. License #02165946 Listed on: 03/21/2023

Co-Listed By

Elizabeth Ruiz

Keller Williams Realty A.V. License #02179052

Last Buyer's Agent

Fabian Terracciano

RE/MAX All-Pro License #01025656

RE/MAX All-Pro

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 0.49

Home Design

  • 12,900 Sq Ft Home
  • Frame Construction
  • Composition Roof
  • Concrete Siding
  • Stucco

Bedrooms and Bathrooms

  • 29 Bedrooms
  • 15 Bathrooms

Additional Features

  • 0.49 Acre Lot
  • Central Heating and Cooling System

Community Details

  • 14 Units

Listing and Financial Details

  • Assessor Parcel Number 3014-028-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Listing Details

  • House Faces: E
  • Directions To Property: E Ave Q12 and 12th St E
  • Listing Member Name: Kesean Diamond
  • Lot Measurement: SqFt
  • Prop. Type: Multi-Family
  • Sp Percent Lp: 0.87
  • Square Footage: 12900.00
  • Tract Suffix: Street
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Unit: 178571.43
  • Total Bathrooms: 15.00

Exterior Features

  • Exterior Construction: Concrete, Frame, Stucco
  • Roof: Composition

Garage/Parking

  • AdditionalInfoCoveredParkingSpaces: 12

Utilities

  • Cooling Type: Central Air/Refrig
  • HeatingTypes: Central Heat/Gas

Condo/Co-op/Association

  • Units in Building: 14

Lot Info

  • Lot Acres: 0.49
  • Zoning: R3

Tax Info

  • Assessor Parcel Number: 3014-028-017

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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
09/26/2023 09/26/23 Sold $2,175,000 -13.0% $169 / Sq Ft
05/24/2023 05/24/23 Pending -- -- --
05/05/2023 05/05/23 Price Changed $2,500,000 -13.8% $194 / Sq Ft
03/21/2023 03/21/23 For Sale $2,900,000 -- $225 / Sq Ft
Source: Greater Antelope Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Kesean Diamond

    Keller Williams Realty A.V.

  • E

    Seller Co-Listing Agent in 2023

    Elizabeth Ruiz

    Keller Williams Realty A.V.

  • Fabian Terracciano

    Buyer's Agent in 2023

    Fabian Terracciano

    RE/MAX

    (661) 209-1192

    4 in this area

    106 Total Sales

    Fabian Terracciano
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Map

Source: Greater Antelope Valley Association of REALTORS®

MLS Number: 23001990

Greater Antelope Valley Association of REALTORS®
California Los Angeles County Palmdale 93550 East Palmdale

38225 12th St E, Palmdale, CA

Not Listed for Sale

MultiFamily

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