NOT LISTED FOR SALE

38431 5th St E Palmdale, CA 93550

East Palmdale Neighborhood

Estimated Value: $646,000 - $865,000

9 Beds
5 Baths
8,688 Sq Ft
$89/Sq Ft Est. Value

Last Sold June 24, 2016

Last sale price $949,000 $109 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $5,040/month

8 Days on Market

About This Home

As of June 2016

This listing contains two parcels: 3008-025-027 & 3008-025-028

Last Agent to Sell the Property

Howard Hanes

No Firm Affiliation License #00282754 Listed on: 05/03/2016

Last Buyer's Agent

Howard Hanes

No Firm Affiliation License #00282754 Listed on: 05/03/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,047

Year Built

  • Built in 1983

Lot Details

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

Home Design

  • 8,688 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Parking

  • 30 Parking Spaces
  • 10 Carport Spaces

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1456
  • Tax Tract Number 186
  • Assessor Parcel Number 3008025027

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,476
  • Insurance Expense $2,700
  • Professional Management Expense $10,350
  • Trash Expense $1,884
  • Water Sewer Expense $2,520
  • New Taxes Expense $895
  • Gross Income $9,500
  • Net Operating Income $56,660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,047

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Professional Management Expense: 10350.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2520.00
  • Property Type: Residential Income
  • Parcel Number: 3008025027
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 109.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 10.00
  • Total Parking Spaces: 30.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1884.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 14305.00
  • Price Per Lot Square Foot: 66.34
  • Lot Size Acres: 0.3280

Multi Family

  • Electric Expense: 1476.00
  • Gross Income: 9500.00
  • Gross Scheduled Income: 114000.00
  • Insurance Expense: 2700.00
  • Lot Size Area: 14305.0000 Square Feet
  • Net Operating Income: 56660.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 51640.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 895.00
  • Tax Lot: 1456
  • Tax Tract Number: 186

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2021
Sold by
Juken Properties Llc
Bought by
Ivy Hill Palmdale Llc
Current Estimated Value
$771,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 3, 2016
Closed on
Jun 14, 2016
Sold by
Vfc Properties 29 Llc
Bought by
Juken Properties Llc
Seller's Agent
Howard Hanes
No Firm Affiliation
Buyer's Agent
Howard Hanes
No Firm Affiliation
List Price
$974,000
Sold Price
$949,000
Premium/Discount to List
-$25,000
-2.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.71%

Purchase Details

Listed on
May 3, 2016
Closed on
May 6, 2016
Sold by
Lose Arbole
Bought by
Vfc Properties 29 Llc
Seller's Agent
Howard Hanes
No Firm Affiliation
Buyer's Agent
Howard Hanes
No Firm Affiliation
List Price
$974,000
Sold Price
$949,000
Premium/Discount to List
-$25,000
-2.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
3.64%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 1, 2006
Sold by
Mellinger Greg
Bought by
Los Arboles Apartments & Townhomes Llc

Purchase Details

Closed on
Apr 14, 1997
Sold by
Jordan Michael T
Bought by
Mellinger Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000
Interest Rate
7.86%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 7, 1994
Sold by
Blythe Ltd Partnership
Bought by
Jordan Michael T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
8.54%

Purchase Details

Closed on
Aug 9, 1994
Sold by
Fidelity Federal Bank Fsb
Bought by
Blythe Ltd Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
8.54%
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Ivy Hill Palmdale Llc $1,750,000 First American Title Company O
Juken Properties Llc $949,000 Accommodation
Vfc Properties 29 Llc -- Accommodation
Los Arboles Apartments & Townhomes Llc -- Accommodation
Mellinger Greg $44,000 Chicago Title Co
Jordan Michael T $120,000 North American Title Company
Blythe Ltd Partnership -- North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ivy Hill Palmdale Llc $1,000,000
Previous Owner Los Arboles Apartments & Townhomes Llc $25,000
Previous Owner Los Arboles Apartments & Townhomes Llc $66,000
Previous Owner Los Arboles Apartments & Townhomes Llc $774,000
Previous Owner Mellinger Gregory $505,000
Previous Owner Mellinger Greg $102,000
Previous Owner Mellinger Greg $643,680
Previous Owner Mellinger Gregory A $34,500
Previous Owner Mellinger Greg $277,500
Previous Owner Mellinger Greg $64,000
Previous Owner Mellinger Greg $39,000
Previous Owner Mellinger Greg $126,000
Previous Owner Jordan Michael T $125,000
Closed Mellinger Greg $4,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2016 06/24/16 Sold $949,000 -2.6% $109 / Sq Ft
05/11/2016 05/11/16 Pending -- -- --
05/03/2016 05/03/16 For Sale $974,000 -- $112 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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
2025 $10,047 $633,220 $97,418 $535,802
2024 $10,047 $620,805 $95,508 $525,297
2023 $9,957 $608,634 $93,636 $514,998
2022 $9,584 $596,700 $91,800 $504,900
2021 $6,500 $339,885 $50,391 $289,494
2019 $6,338 $329,806 $48,898 $280,908
2018 $6,252 $323,340 $47,940 $275,400
2016 $3,278 $79,780 $20,627 $59,153
2015 $3,232 $78,583 $20,318 $58,265
2014 $3,217 $77,044 $19,920 $57,124
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2016

    Howard Hanes

    No Firm Affiliation

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15243394

California Regional Multiple Listing Service (CRMLS)

APN: 3008-025-027

California Los Angeles County Palmdale 93550 East Palmdale

38431 5th St E, Palmdale, CA

This home is located at 38431 5th St E, Palmdale, CA 93550 since 03 May 2016 and is currently estimated at $771,333, approximately $88 per square foot. This property was built in 1983. 38431 5th St E is a home located in Los Angeles County with nearby schools including Yucca Elementary School, David G. Millen Intermediate, and Highland High School.

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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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