Stephen Rudnicki
Responds Quickly
Remax Foothills
(909) 764-3820
50 Total Sales
2 in East Palmdale
$450,000 Price Range
38225 12th St E Palmdale, CA 93550
East Palmdale Neighborhood
29
Beds
15
Baths
12,900
Sq Ft
0.49
Acre Lot
About This Home
As of September 2023Incredible 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
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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
- 21,344 Sq Ft Lot
- Central Heating and Cooling System
Community Details
- 14 Units
Listing and Financial Details
- Assessor Parcel Number 3014-028-017
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
Jul 12, 2023
Sold by
Innovative Real Properties Llc
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$925,000
Interest Rate
7.23%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 11, 2007
Sold by
Dennis Stephen B and The Stephen B Dennis Separate
Bought by
Innovative Real Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$714,000
Interest Rate
5.96%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 4, 2005
Sold by
Dennis Jack B and Dennis Margo C
Bought by
Dennis Jack B
Purchase Details
Closed on
Jul 26, 2005
Sold by
Dennis Stephen B
Bought by
Dennis Stephen B and Stephen B Dennis Separate Family Trust
Purchase Details
Closed on
Feb 7, 2002
Sold by
Oleary Nora
Bought by
Dennis Stephen B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,000
Interest Rate
7.04%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 1, 2002
Sold by
Dennis Jack B and Dennis Margo
Bought by
Dennis Jack B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,000
Interest Rate
7.04%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 27, 1995
Sold by
The Federal Home Loan Mtg Corp
Bought by
Dennis Jack B
Purchase Details
Closed on
Nov 29, 1994
Sold by
Kravitz Richard J and Kravitz Lynn
Bought by
Federal Home Loan Mortgage Corporation
Home Values in the Area
Average Home Value in this Area
Agents Specializing in East Palmdale, CA
-
Stephen Rudnicki
-
Ruben Gutierrez
Ruben Gutierrez
Responds QuicklyRuben Gutierrez, Broker
(657) 224-7194
29 Total Sales
1 in East Palmdale
$540,000 Price
-
Oscar & Alex Montalvo
Oscar & Alex Montalvo
Responds QuicklyRE/MAX One
(747) 229-0915
67 Total Sales
1 in East Palmdale
$431,000 Price
-
Cecilia Mutia
Cecilia Mutia
eXp Realty of California, Inc.
(951) 501-4315
21 Total Sales
2 in East Palmdale
$363K - $455K Price Range
-
Pedro Torres Jr.
Pedro Torres Jr.
First Class Platinum Brokers
(562) 392-3404
121 Total Sales
2 in East Palmdale
$490K - $660K Price Range
-
Carlos Echegaray
Carlos Echegaray
EH Worldwide Realty
(805) 669-2237
43 Total Sales
3 in East Palmdale
$430K - $580K Price Range
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 |
|---|---|---|---|
| $2,175,000 | Chicago Title Company | ||
| Innovative Real Properties Llc | $1,020,000 | Chicago Title Company | |
| Dennis Jack B | -- | -- | |
| Dennis Stephen B | -- | -- | |
| Dennis Stephen B | -- | United Title Company | |
| Dennis Jack B | -- | United Title Company | |
| Dennis Jack B | $308,000 | Chicago Title | |
| Federal Home Loan Mortgage Corporation | $248,000 | -- |
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 | $1,800,000 | ||
| Closed | Ay Palm Apartments Llc | $925,000 | |
| Previous Owner | Innovative Real Properties Llc | $665,000 | |
| Previous Owner | Innovative Real Properties Llc | $714,000 | |
| Previous Owner | Dennis Stephen B | $800,000 | |
| Previous Owner | Dennis Stephen B | $323,000 | |
| Previous Owner | Dennis Jack B | $323,000 |
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 |
|---|---|---|---|---|
| 09/26/2023 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
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 |
|---|---|---|---|---|
| 2026 | $36,884 | $2,262,870 | $343,332 | $1,919,538 |
| 2025 | $36,884 | $2,218,500 | $336,600 | $1,881,900 |
| 2024 | $34,777 | $2,175,000 | $330,000 | $1,845,000 |
| 2023 | $24,684 | $1,287,750 | $321,933 | $965,817 |
| 2022 | $23,817 | $1,262,501 | $315,621 | $946,880 |
| 2021 | $23,342 | $1,237,747 | $309,433 | $928,314 |
| 2019 | $22,721 | $1,205,587 | $300,256 | $905,331 |
| 2018 | $21,379 | $1,094,550 | $272,500 | $822,050 |
| 2016 | $20,552 | $1,090,000 | $272,500 | $817,500 |
| 2015 | $18,314 | $896,000 | $224,000 | $672,000 |
| 2014 | $17,120 | $790,000 | $197,500 | $592,500 |
Source: Public Records
Agents Affiliated with this Home
-
KD
Seller's Agent in 2023
Kesean Diamond
Keller Williams Realty A.V.
-
ER
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
97 Total Sales
Map
Source: Greater Antelope Valley Association of REALTORS®
MLS Number: 23001990
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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