NOT LISTED FOR SALE

Estimated Value: $794,000 - $857,000

8 Beds
12 Baths
4,286 Sq Ft
$195/Sq Ft Est. Value

Last Sold June 12, 2024

Last sale price $830,000 $194 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,382/month

9 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Heating and Cooling System
  • Neighborhood Views

About This Home

As of June 2024

Welcome to your next lucrative investment opportunity nestled in the bustling heart of Palmdale Blvd. This 4 unit property offers a captivating blend of townhome-style apartments, each boasting 2 bedrooms, 2 and a half bathrooms, spacious living areas, and private patios. All units have central A/C and and central heating. Ensuring convenience, this gated quadruplex boasts 6 carports, providing ample parking for tenants and guests alike. Additionally, a separate laundry room equipped with coin-operated washers and dryers adds a touch of practicality to the property, enhancing its appeal to potential renters. Perfectly situated, this property offers easy access to a plethora of amenities including banks, schools, shopping centers, restaurants, and hospitals, promising convenience and comfort for tenants. Whether you're a seasoned investor or a newcomer to the real estate market, this fourplex is not to be missed. Seize the chance to unlock the potential for lucrative returns on your investment.

Last Agent to Sell the Property

Martha Carrasco

Keller Williams North Valley Brokerage Phone: 818-723-0496 License #01734066 Listed on: 04/19/2024

Keller Williams North Valley

Last Buyer's Agent

Aram Karsian

Trimax Realty Team, Inc License #01302247

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,697

Year Built

  • Built in 1984

Lot Details

  • 7,934 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 4,286 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Neighborhood Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces
  • On-Street Parking
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 46
  • Tax Tract Number 15688
  • Assessor Parcel Number 3015003025

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • Maintenance Expense $3,600
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $10,000
  • Operating Expense $20,400
  • Gross Income $75,360
  • Net Operating Income $84,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,697

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Price Per Unit: 199750
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: PDR3*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 3015003025
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Levels: Two
  • Price Per Square Foot: 193.65

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking Features: Assigned, Carport, Street
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Natural Gas, Wall Furnace
  • Laundry Features: Common Area, Community, Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Street Lights, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 6500-9999
  • Lot Size Sq Ft: 7934.00
  • Lot Size Acres: 0.1821
  • Latitude Manual: 34.58139000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1071 Square Feet
  • Gross Income: 75360.00
  • Gross Multiplier: 13.00
  • Gross Operating Income: 105360.00
  • Gross Scheduled Income: 105360.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 7934.0000 Square Feet
  • Maintenance Expense: 3600.00
  • Net Operating Income: 84960.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 20400.00
  • Rent Control: No
  • Total Actual Rent: 6280.00
  • Total Expenses: 20400.00
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 10000.00
  • Tax Census Tract: 9105.01
  • Tax Lot: 46
  • Tax Tract Number: 15688

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
Jun 5, 2024
Sold by
Sefiani Family Trust and Sefiani Sako
Bought by
Koucherian Revocable Living Trust and Koucherian
Seller's Agent
Martha Carrasco
Keller Williams North Valley
Buyer's Agent
Aram Karsian
Trimax Realty Team, Inc
List Price
$799,000
Sold Price
$830,000
Premium/Discount to List
$31,000
3.88%
Views
21
Current Estimated Value
$835,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,421
Avg. Annual Appreciation
0.51%
Original Mortgage
$581,000
Outstanding Balance
$574,854
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$260,091

Purchase Details

Closed on
Dec 10, 2020
Sold by
Sefiani Sako
Bought by
Sefiani Sako and Gharibyan Gohar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2020
Sold by
Sefiani Sako
Bought by
Sefiani Family Trust

Purchase Details

Listed on
Aug 24, 2017
Closed on
Dec 7, 2017
Sold by
Gharibyan Gohar
Bought by
Sefiani Sake
Seller's Agent
Amalia Campbell
No Firm Affiliation
Buyer's Agent
Martha Carrasco
Keller Williams North Valley
List Price
$604,500
Sold Price
$554,000
Premium/Discount to List
-$50,500
-8.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.55%
Original Mortgage
$408,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 24, 2017
Closed on
Nov 13, 2017
Sold by
Davis Darrell W
Bought by
Sefiani Sako
Seller's Agent
Amalia Campbell
No Firm Affiliation
Buyer's Agent
Martha Carrasco
Keller Williams North Valley
List Price
$604,500
Sold Price
$554,000
Premium/Discount to List
-$50,500
-8.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2009
Sold by
Avelo Mortgage Llc
Bought by
Davis Darrell W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,810
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2008
Sold by
Sanchez Eleuterio
Bought by
Avelo Mortgage Llc

Purchase Details

Closed on
Jun 30, 2006
Sold by
Mendoza Ernestina
Bought by
Sanchez Eleuterio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
6.57%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 2, 2006
Sold by
Shegun Alabi
Bought by
Sanchez Eleuterio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
6.57%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 4, 2002
Sold by
Bennett Herbert
Bought by
Alabi Shegun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.13%

Purchase Details

Closed on
Jun 29, 1994
Sold by
Serrano Reconveyance Company
Bought by
Home Svgs Of America Fsb
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Koucherian Revocable Living Trust $830,000 Lawyers Title
Sefiani Sako -- Accommodation
Sefiani Sako -- Lawyers Title
Sefiani Sako -- Lawyers Title Co
Sefiani Family Trust -- None Available
Sefiani Sake -- First American Title Los Ang
Sefiani Sako $554,000 First American Title
Davis Darrell W $250,000 Fatcola
Avelo Mortgage Llc $520,634 None Available
Sanchez Eleuterio -- New Century Title Company Lo
Sanchez Eleuterio $590,000 New Century Title Company Lo
Alabi Shegun $190,000 --
Home Svgs Of America Fsb $228,291 Investors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koucherian Revocable Living Trust $581,000
Previous Owner Sefiani Sako $402,500
Previous Owner Sefiani Sako $408,000
Previous Owner Davis Darrell W $323,810
Previous Owner Sanchez Eleuterio $118,000
Previous Owner Sanchez Eleuterio $472,000
Previous Owner Alabi Shegun $393,750
Previous Owner Alabi Shegon $36,000
Previous Owner Alabi Shegun $172,500
Previous Owner Alabi Shegun $148,000
Closed Alabi Shegun $18,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2024 06/12/24 Sold $830,000 0.0% $194 / Sq Ft
04/29/2024 04/29/24 Pending -- -- --
04/23/2024 04/23/24 Off Market $830,000 -- --
04/19/2024 04/19/24 For Sale $799,000 +44.2% $186 / Sq Ft
01/08/2018 01/08/18 Sold $554,000 -1.8% $129 / Sq Ft
01/05/2018 01/05/18 Sold $564,000 -6.7% $132 / Sq Ft
11/07/2017 11/07/17 Pending -- -- --
11/07/2017 11/07/17 Pending -- -- --
08/24/2017 08/24/17 For Sale $604,500 +99900.0% $141 / Sq Ft
06/06/2017 06/06/17 For Sale $605 -- $0 / 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 $9,697 $846,600 $212,160 $634,440
2024 $9,697 $617,993 $92,585 $525,408
2023 $9,605 $605,876 $90,770 $515,106
2022 $9,233 $593,997 $88,991 $505,006
2021 $9,034 $582,351 $87,247 $495,104
2020 $8,883 $576,381 $86,353 $490,028
2019 $8,771 $565,080 $84,660 $480,420
2018 $5,482 $282,934 $56,584 $226,350
2016 $5,115 $271,949 $54,388 $217,561
2015 $5,065 $267,866 $53,572 $214,294
2014 $5,017 $262,620 $52,523 $210,097
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24077654

California Regional Multiple Listing Service (CRMLS)

APN: 3015-003-025