R
Seller's Agent in 2025
Rob Proano
Realty One Group United
(310) 429-4704
1 in this area
2 Total Sales
38501 Larkin Ave Palmdale, CA 93550
East Palmdale Neighborhood
8
Beds
5
Baths
3,466
Sq Ft
8,026
Sq Ft Lot
About This Home
As of August 2025Low cost maintenance cash cow investment property (4-plex) located in the heart of Palmdale and in the Transit improvement project zone. Built in 1989 with (1) 3 bedroom 2 bath, (2) 2 bedroom 1 bath and (1) 1 bedroom 1 bath. The units are large and all have very open floor plans with central heat and air conditioning. All units occupied with good long term tenants and 3 of the 4 are on the section 8 program. Tenant's pay their own trash, gas and electric.There are 4 covered parking spaces in the back with 2 extra parking spaces that can be used for extra income. The laundry room is currently not in use but has been updated with a new water heater and the new owner can place coin washer/dryers for extra income if they desire. The large 3 bedroom unit has its own private fenced courtyard. Lots of upside with this solid income producing property. Don't miss out on the opportunity, act now before it's gone.
Last Agent to Sell the Property
Realty One Group United Brokerage Phone: 310-429-4704 License #01995853 Listed on: 05/07/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1989
Lot Details
- 8,026 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,466 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Tax Lot 132
- Tax Tract Number 14561
- Assessor Parcel Number 3008015012
- $2,692 per year additional tax assessments
Community Details
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Electric Expense $300
- Insurance Expense $300
- Other Expense $60
- Water Sewer Expense $840
- Operating Expense $1,200
- Gross Income $84,204
- Net Operating Income $33,804
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 25, 2019
Closed on
Jul 2, 2019
Sold by
Herath Asoka B
Bought by
Proano Robert Alejandro and Proano Chrysta Marie
Seller's Agent
Naty Chu
Century 21 Masters
Buyer's Agent
Rob Proano
Realty One Group
List Price
$525,000
Sold Price
$495,000
Premium/Discount to List
-$30,000
-5.71%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$404,455
Avg. Annual Appreciation
9.81%
Original Mortgage
$371,250
Outstanding Balance
$324,440
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$575,015
Purchase Details
Closed on
May 14, 2019
Sold by
Herath Asoka B and Herath Lalanie S
Bought by
Herath Asoka B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,250
Outstanding Balance
$324,440
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$575,015
Purchase Details
Closed on
Oct 3, 2003
Sold by
Ruiz Joaquin and Ruiz Eligia
Bought by
Herath Asoka
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 9, 1994
Sold by
Resolution Trust Corp
Bought by
Ruiz Joaquin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,600
Interest Rate
8.65%
Purchase Details
Closed on
Feb 16, 1994
Sold by
G S L Financial Corp
Bought by
Guardian Federal Svgs Assn Fa and Guardian S&L Assn
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $40,454 | First American Title | |
| Divorce Dissolution Of Marriage Transfer | -- | None Available | |
| Grant Deed | $265,000 | Lawyers Title | |
| Grant Deed | $91,000 | South Coast Title | |
| Trustee Deed | $72,991 | World Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $371,250 | New Conventional | |
| Previous Owner | $198,750 | Purchase Money Mortgage | |
| Previous Owner | $72,600 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/05/2025 08/05/25 | Sold | $900,000 | +1.1% | $260 / Sq Ft | |
| 07/07/2025 07/07/25 | Pending | -- | -- | -- | |
| 06/26/2025 06/26/25 | Price Changed | $889,900 | +4.8% | $257 / Sq Ft | |
| 06/25/2025 06/25/25 | For Sale | $849,000 | -5.7% | $245 / Sq Ft | |
| 06/15/2025 06/15/25 | Off Market | $900,000 | -- | -- | |
| 05/27/2025 05/27/25 | Price Changed | $849,000 | -5.6% | $245 / Sq Ft | |
| 05/07/2025 05/07/25 | For Sale | $899,000 | +81.6% | $259 / Sq Ft | |
| 08/16/2019 08/16/19 | Sold | $495,000 | -5.7% | $143 / Sq Ft | View Prior Sale |
| 06/28/2019 06/28/19 | Pending | -- | -- | -- | |
| 06/25/2019 06/25/19 | For Sale | $525,000 | -- | $151 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,011 | $541,349 | $80,927 | $460,422 |
| 2024 | $9,011 | $530,736 | $79,341 | $451,395 |
| 2023 | $8,930 | $520,331 | $77,786 | $442,545 |
| 2022 | $8,603 | $510,129 | $76,261 | $433,868 |
| 2021 | $8,423 | $500,127 | $74,766 | $425,361 |
| 2019 | $1,483 | $337,744 | $76,467 | $261,277 |
| 2018 | $6,434 | $331,122 | $74,968 | $256,154 |
| 2016 | $6,041 | $318,266 | $72,058 | $246,208 |
| 2015 | $5,992 | $313,486 | $70,976 | $242,510 |
| 2014 | $5,618 | $280,000 | $63,300 | $216,700 |
Source: Public Records
Agents Affiliated with this Home
-
Rob Proano
-
Christina Malyan
C
Buyer's Agent in 2025
Christina Malyan
JohnHart Real Estate
(818) 246-1099
1 in this area
19 Total Sales
-
Naty Chu
Seller's Agent in 2019
Naty Chu
Century 21 Masters
(661) 816-7718
1 in this area
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25101904
APN: 3008-015-012
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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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