$850,000

38429 10th Place E Unit 4 Palmdale, CA 93550

East Palmdale Neighborhood

Estimated payment $5,661/month

Total Views 173
4 Beds
2 Baths
3,736 Sq Ft
$228 Price per Sq Ft

Highlights

  • Contemporary Architecture
  • Granite Countertops
  • Neighborhood Views
  • Property is near public transit
  • No HOA
  • 4-minute walk to Melville J. Courson Park

About This Home

Modern 4 plex - Walk to Palmdale Blvd. Modern build with all units 2BR/1BA. Two upper and two lower units. Each unit has granite counters. Laminate flooring with carpet in bedrooms. Units have separate water heaters and Washer/Dryer hookups and either a small patio or deck. Wall heaters and window AC to keep things cool. Each unit has a separate 1 car garage. Property has a very large open area - Perfect for additional units or ADU's (BTV with city). 3 units rehabbed for new owners to create their own tenant mix.

Listing Agent

Steve DiPressi

Urban Resources Consulting Brokerage Phone: 661-860-6066 License #00918402

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,838

Year Built

  • Built in 1980 | Remodeled

Lot Details

  • 7,764 Sq Ft Lot
  • Two or More Common Walls
  • East Facing Home
  • Wrought Iron Fence
  • Wood Fence
  • Rectangular Lot
  • Level Lot
  • Density is 11-15 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Contemporary Architecture
  • Modern Architecture
  • Quadruplex
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,736 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Neighborhood Views

Kitchen

  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 15688
  • Assessor Parcel Number 3015003041
  • $2,292 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $120
  • Gardener Expense $720
  • Insurance Expense $4,900
  • Maintenance Expense $2,400
  • Pest Control $175
  • Trash Expense $2,000
  • Water Sewer Expense $1,500
  • New Taxes Expense $9,452
  • Operating Expense $21,817
  • Gross Income $93,348
  • Net Operating Income $68,731

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,838

Year Built

Built in 1980 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 8.09
  • Price Per Unit: 212500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: PDR3*
  • Architectural Style: Contemporary, Modern
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 3015003041
  • Year Built: 1980
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Stories: 2
  • Entry Location: front
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 227.52

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Pest Control Expense: 175.00
  • Sewer: Conventional Septic
  • Trash Expense: 2000.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Rectangular Lot, Level, Near Public Transit
  • Lot Size Sq Ft: 7764.00
  • Lot Size Acres: 0.1782

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 930 Square Feet
  • Electric Expense: 120.00
  • Gross Income: 93348.00
  • Gross Multiplier: 9.11
  • Gross Operating Income: 90548.00
  • Gross Scheduled Income: 93348.00
  • Gross Spendable Income: 68731.00
  • Insurance Expense: 4900.00
  • Lot Size Area: 7764.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 68731.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 1
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 3
  • Operating Expense: 21817.00
  • Operating Expense Percent: 24.00
  • Rent Control: Yes
  • Total Expenses: 21817.00
  • Vacancy Allowance: 2800
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 9452.00
  • Tax Census Tract: 9105.01
  • Tax Lot: 8
  • Tax Tract Number: 15688
  • TaxOtherAnnualAssessmentAmount: 2292.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2024 $10,838 $717,876 $109,242 $608,634
2023 $10,735 $703,800 $107,100 $596,700
2022 $10,311 $690,000 $105,000 $585,000
2021 $7,889 $488,797 $73,582 $415,215
2019 $7,665 $474,300 $71,400 $402,900
2018 $0 $21,947 $21,947 $0
2016 -- $21,947 $21,947 $0
2015 -- $219,475 $21,947 $197,528
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 For Sale $850,000 -- $228 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Atlas Title
Deed -- Atlas Title
Grant Deed -- None Listed On Document
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed $690,000 Chicago Title Company
Grant Deed $330,000 None Available
Grant Deed -- Fidelity National Title Co
Grant Deed $165,000 Landsafe Title Company
Trustee Deed $149,850 Landsafe Title
Interfamily Deed Transfer -- --
Grant Deed $540,909 Fidelity National Title
Grant Deed $198,000 First American Title Co
Grant Deed -- First American Title Co
Grant Deed $70,500 First American Title Ins Co
Grant Deed -- Fidelity National Title Ins
Trustee Deed $157,263 Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $608,000 New Conventional
Previous Owner $517,500 New Conventional
Previous Owner $480,000 Commercial
Previous Owner $54,000 Credit Line Revolving
Previous Owner $432,000 Negative Amortization
Previous Owner $256,000 Unknown
Previous Owner $175,500 No Value Available
Previous Owner $111,000 Unknown
Previous Owner $105,000 Seller Take Back
Previous Owner $56,050 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25117313

California Regional Multiple Listing Service (CRMLS)

APN: 3015-003-041