PENDING
$9K PRICE DROP
38501 Larkin Ave Palmdale, CA 93550
East Palmdale NeighborhoodEstimated payment $5,665/month
Total Views
2,942
8
Beds
5
Baths
3,466
Sq Ft
$257
Price per Sq Ft
About This Home
Low 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.
Listing Agent
Realty One Group United Brokerage Phone: 310-429-4704 License #01995853 Listed on: 05/07/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,011
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
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
- 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
Map
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Home Values in the Area
Average Home Value in this Area
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 | 0.0% | $245 / Sq Ft |
| 06/15/2025 06/15/25 | Off Market | $849,000 | -- | -- |
| 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 |
| 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)
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 | $448,000 | New Conventional | |
| Closed | $371,250 | New Conventional | |
| Previous Owner | $198,750 | Purchase Money Mortgage | |
| Previous Owner | $72,600 | No Value Available |
Source: Public Records
Similar Homes in Palmdale, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25101904
APN: 3008-015-012
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