38509 Larkin Ave Palmdale, CA 93550
East Palmdale NeighborhoodEstimated Value: $529,000 - $545,424
4
Beds
2
Baths
2,064
Sq Ft
$262/Sq Ft
Est. Value
About This Home
As of September 2021Great business opportunity for Investors here! Come see this Duplex in Palmdale downtown, near the freeway, metro, and shopping. Both units are 2 bed+ 1. bathroom and 1032sqft space in each, featuring their own private attached 2 carports. Each unit also has its own laundry hookups in the unit. , Both units have been rented by the same tenant over years and pay over $1200 rent per month. Good cooperative tenant and like to stay. Both units have the same floor plan but need some minor TLC. Enjoy Front yard access, a large side yard over 8100 SQFT for kids to play, and driveway parking on the front of the units. Perfect to live in one unit and rent out the second unit or rent it both. With rental inventory at an alarming low, now is the time to jump on deals like this. !!! Great opportunity,
Excellent Investment Opportunity. Well maintained duplex 2+1 units fully rented, each tenant by over $1200 per month, property in great condition, public water, and on the public sewer system. Gas and electrical individual meter and utility bill paid by the tenant. Call listing agent for appt.; DO NOT DISTURB TENANTS. huge unit 1032 Sf each with large bathroom. 2 carports and parking space in front.
Last Agent to Sell the Property
AV Gill Realty Inc. License #01854181 Listed on: 07/15/2021
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $6,527
Year Built
- Built in 1979
Lot Details
- 8,215 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Home Design
- 2,064 Sq Ft Home
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
Parking
- 2 Parking Spaces
- 2 Carport Spaces
Listing and Financial Details
- Tax Lot 130
- Tax Tract Number 14561
- Assessor Parcel Number 3008015010
Community Details
Overview
- 2 Units
- Valley
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $150
- Trash Expense $75
- Operating Expense $300
- Gross Income $1
- Net Operating Income $1
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 15, 2021
Closed on
Aug 31, 2021
Sold by
Aladjadjian Lilit
Bought by
Aladjadjian Andrew
Seller's Agent
Baldev Gill
AV Gill Realty Inc.
Buyer's Agent
Chris Boyadjian
Nationwide Capital Realty
List Price
$439,900
Sold Price
$411,000
Premium/Discount to List
-$28,900
-6.57%
Total Days on Market
15
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
$129,356
Avg. Annual Appreciation
8.10%
Original Mortgage
$308,250
Outstanding Balance
$285,330
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$264,294
Purchase Details
Listed on
Jul 15, 2021
Closed on
Aug 3, 2021
Sold by
Brower Gary and Brower Rita
Bought by
Aladjadjian Andrew
Seller's Agent
Baldev Gill
AV Gill Realty Inc.
Buyer's Agent
Chris Boyadjian
Nationwide Capital Realty
List Price
$439,900
Sold Price
$411,000
Premium/Discount to List
-$28,900
-6.57%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,250
Outstanding Balance
$285,330
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$264,294
Purchase Details
Closed on
Jun 24, 2005
Sold by
Lenart Robert A and Lenart Vivian M
Bought by
Brower Gary
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
5.46%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Sep 19, 1996
Sold by
Lenart Robert A
Bought by
Lenart Robert A and Lenart Vivian M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,000
Interest Rate
10.25%
Similar Homes in Palmdale, CA
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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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Aladjadjian Andrew | -- | Fidelity National Title Co | |
| Aladjadjian Andrew | $411,000 | Fidelity National Title Co | |
| Brower Gary | $340,000 | Southland Title | |
| Lenart Robert A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Aladjadjian Andrew | $308,250 | |
| Previous Owner | Brower Gary | $119,000 | |
| Previous Owner | Lenart Robert A | $66,250 | |
| Previous Owner | Lenart Robert A | $22,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2021 09/09/21 | Sold | $411,000 | -6.6% | $199 / Sq Ft |
| 07/30/2021 07/30/21 | Pending | -- | -- | -- |
| 07/15/2021 07/15/21 | For Sale | $439,900 | -- | $213 / 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 |
|---|---|---|---|---|
| 2024 | $6,527 | $427,603 | $64,504 | $363,099 |
| 2023 | $6,465 | $419,220 | $63,240 | $355,980 |
| 2022 | $6,216 | $411,000 | $62,000 | $349,000 |
| 2021 | $5,495 | $352,000 | $51,800 | $300,200 |
| 2020 | $5,447 | $352,000 | $51,800 | $300,200 |
| 2019 | $5,202 | $330,000 | $48,600 | $281,400 |
| 2018 | $4,687 | $286,000 | $42,100 | $243,900 |
| 2016 | $3,634 | $210,000 | $30,900 | $179,100 |
| 2015 | $3,355 | $185,000 | $27,200 | $157,800 |
| 2014 | $3,362 | $185,000 | $27,200 | $157,800 |
Source: Public Records
Agents Affiliated with this Home
-
Baldev Gill
B
Seller's Agent in 2021
Baldev Gill
AV Gill Realty Inc.
(661) 538-9530
5 in this area
75 Total Sales
-
Chris Boyadjian
C
Buyer's Agent in 2021
Chris Boyadjian
Nationwide Capital Realty
(818) 657-0353
1 in this area
8 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR21153650
APN: 3008-015-010
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