38531 5th St E Palmdale, CA 93550
East Palmdale NeighborhoodEstimated Value: $686,000 - $835,000
8
Beds
5
Baths
3,578
Sq Ft
$211/Sq Ft
Est. Value
About This Home
As of October 2016Fantastic Investment Deal for Los Angeles County Fourplex with over 8% CAP RATE! Units fully rented out and is managed by a professional management company. All units have been upgraded with new paint and carpet along with windows. Washer and Dryer is onsite and is attractive to renters. Similar fourplees in the areas have sold for over 400k. Property has a wrought iron security gate and is very private. Two parking spaces secured behind the gates with each unit. One covered & one uncovered. City view from the upper units. Priced aggressively to sell.
Last Agent to Sell the Property
RealiFi Realty, Inc. License #01945660 Listed on: 09/12/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,303
Year Built
- Built in 1988
Lot Details
- 8,127 Sq Ft Lot
- No Common Walls
- Sprinkler System
Parking
- 4 Car Garage
- Parking Available
- Unassigned Parking
Home Design
- 3,578 Sq Ft Home
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tax Lot 94
- Tax Tract Number 14561
- Assessor Parcel Number 3008014039
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Electric Expense $793
- Insurance Expense $1,711
- Professional Management Expense $270
- Trash Expense $1,093
- Water Sewer Expense $944
- New Taxes Expense $4,815
- Gross Income $3,375
- Net Operating Income $30,612
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 23, 2017
Sold by
Cobra 28 #8 Lp
Bought by
Cobra 28 #8 Lp
Total Days on Market
7
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$861,000
Outstanding Balance
$724,881
Interest Rate
4.03%
Mortgage Type
Commercial
Estimated Equity
$31,166
Purchase Details
Listed on
Sep 12, 2016
Closed on
Sep 19, 2016
Sold by
Parsons Patrick
Bought by
Cobra 28 #8 Lp
Seller's Agent
Ling Beh
RealiFi Realty, Inc.
Buyer's Agent
Mike Nijjar
MZ BROKERAGE INC.
List Price
$389,000
Sold Price
$370,000
Premium/Discount to List
-$19,000
-4.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.61%
Original Mortgage
$7,000,000
Outstanding Balance
$5,686,645
Interest Rate
3.46%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$4,930,598
Purchase Details
Listed on
Dec 20, 2013
Closed on
Feb 7, 2014
Sold by
Phan Perazzo Hoang Kim
Bought by
Parsons Patrick and Parsons Charisse
Seller's Agent
Dan Vo
No Firm Affiliation
Buyer's Agent
Mike Chou
K.W. EXECUTIVE
List Price
$299,950
Sold Price
$281,500
Premium/Discount to List
-$18,450
-6.15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.46%
Original Mortgage
$206,250
Interest Rate
4.25%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 6, 2013
Closed on
Jun 13, 2013
Sold by
Le Hoang Minh
Bought by
Perazzo Hoang Kim Phan
Seller's Agent
Dong Nguyen
Citihome
Buyer's Agent
Out Of Area Southland
SOUTHLAND
List Price
$200,000
Sold Price
$215,000
Premium/Discount to List
$15,000
7.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.27%
Original Mortgage
$150,000
Interest Rate
3.38%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 26, 2005
Sold by
Snow Gilbert H and Snow Trust
Bought by
Le Hoang Minh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Apr 15, 1995
Sold by
Snow Gilbert H
Bought by
Snow Gilbert H and Snow Trust
Purchase Details
Closed on
Mar 4, 1994
Sold by
Citicorp Mtg Inc
Bought by
Snow Gilbert H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,600
Interest Rate
7.21%
Purchase Details
Closed on
Sep 15, 1993
Sold by
Cal Western Reconveyance Corp
Bought by
Citibank Fsb
Similar Homes in Palmdale, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cobra 28 #8 Lp | -- | None Available | |
| Cobra 28 #8 Lp | $370,000 | First American Title Company | |
| Parsons Patrick | $281,500 | Lawyers Title | |
| Perazzo Hoang Kim Phan | $215,000 | Usa National Title | |
| Le Hoang Minh | $460,000 | Chicago Title Co | |
| Snow Gilbert H | -- | -- | |
| Snow Gilbert H | $112,000 | First American Title Company | |
| Citibank Fsb | $106,400 | North American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cobra 28 No 8 Lp | $861,000 | |
| Open | Cobra 28 #8 Lp | $7,000,000 | |
| Previous Owner | Parsons Patrick | $206,250 | |
| Previous Owner | Perazzo Hoang Kim Phan | $150,000 | |
| Previous Owner | Le Hoang Minh | $323,900 | |
| Previous Owner | Le Hoang Minh | $368,000 | |
| Previous Owner | Snow Gilbert H | $108,500 | |
| Previous Owner | Snow Gilbert H | $127,200 | |
| Previous Owner | Snow Gilbert H | $89,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/06/2016 10/06/16 | Sold | $370,000 | -4.9% | $103 / Sq Ft |
| 09/19/2016 09/19/16 | Pending | -- | -- | -- |
| 09/12/2016 09/12/16 | For Sale | $389,000 | +38.2% | $109 / Sq Ft |
| 04/01/2014 04/01/14 | Sold | $281,500 | -6.2% | $79 / Sq Ft |
| 01/27/2014 01/27/14 | Pending | -- | -- | -- |
| 12/20/2013 12/20/13 | For Sale | $299,950 | +39.5% | $84 / Sq Ft |
| 06/21/2013 06/21/13 | Sold | $215,000 | +7.5% | $60 / Sq Ft |
| 03/11/2013 03/11/13 | Pending | -- | -- | -- |
| 03/06/2013 03/06/13 | For Sale | $200,000 | -- | $56 / 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 | $7,303 | $420,992 | $63,147 | $357,845 |
| 2023 | $7,235 | $412,738 | $61,909 | $350,829 |
| 2022 | $6,965 | $404,646 | $60,696 | $343,950 |
| 2021 | $6,798 | $396,712 | $59,506 | $337,206 |
| 2019 | $6,612 | $384,947 | $57,742 | $327,205 |
| 2018 | $6,515 | $377,400 | $56,610 | $320,790 |
| 2016 | $5,262 | $291,502 | $43,492 | $248,010 |
| 2015 | $5,209 | $287,124 | $42,839 | $244,285 |
| 2014 | $4,399 | $215,975 | $32,145 | $183,830 |
Source: Public Records
Agents Affiliated with this Home
-
Ling Beh
Seller's Agent in 2016
Ling Beh
RealiFi Realty, Inc.
(626) 646-5315
91 Total Sales
-
Mike Nijjar
M
Buyer's Agent in 2016
Mike Nijjar
MZ BROKERAGE INC.
(626) 575-0062
1 Total Sale
-
D
Seller's Agent in 2014
Dan Vo
No Firm Affiliation
-
Mike Chou
Buyer's Agent in 2014
Mike Chou
K.W. EXECUTIVE
(626) 653-6903
190 Total Sales
-
Y
Buyer's Agent in 2014
YING-HUEI CHOU
K.W. EXECUTIVE
-
Dong Nguyen
Seller's Agent in 2013
Dong Nguyen
Citihome
(818) 383-8569
39 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV16200350
APN: 3008-014-039
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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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