NOT LISTED FOR SALE

38551 10th Place E Unit A-D Palmdale, CA 93550

East Palmdale Neighborhood

Estimated Value: $698,000 - $830,176

8 Beds
8 Baths
3,478 Sq Ft
$225/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $522,000 $150 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $5,131/month

7 Days on Market

About This Home

As of August 2019

Great Rental Income Property. Property features 4 units. Each unit consists of 2 bedrooms and 2 baths with central air/hear. Each
unit has a large closet doors, newer windows, newer laminate floors and tile. Property is conveniently located near the freeway and shopping centers. A
must see!!!

Last Agent to Sell the Property

Jerry Munoz

GERARDO C. MUNOZ, BROKER License #01330549 Listed on: 07/10/2019

Last Buyer's Agent

Monica Vacas

RE/MAX One License #00927207

RE/MAX One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,357

Year Built

  • Built in 1987

Lot Details

  • 8,490 Sq Ft Lot
  • 1 Common Wall

Home Design

  • Apartment

Interior Spaces

  • 3,478 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 1 Open Parking Space
  • 2 Parking Spaces
  • 1 Carport Space
  • Parking Available
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 15688
  • Assessor Parcel Number 3015002003

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,629
  • Trash Expense $720
  • Water Sewer Expense $700
  • New Taxes Expense $6,863
  • Operating Expense $1,420
  • Gross Income $42,480
  • Net Operating Income $3,405

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,357

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 700.00
  • Zoning: PDR3*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 3015002003
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 150.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8490.00
  • Lot Size Acres: 0.1949

Multi Family

  • Average1 Bed Area: 880 Square Feet
  • Average2 Bed Area: 880 Square Feet
  • Average3 Bed Area: 880 Square Feet
  • Gross Income: 42480.00
  • Gross Scheduled Income: 42480.00
  • Insurance Expense: 1629.00
  • Lot Size Area: 8490.0000 Square Feet
  • Net Operating Income: 3405.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 1420.00
  • Rent Control: No
  • Total Actual Rent: 3540.00
  • Total Expenses: 1420.00

Tax Info

  • New Taxes Expense: 6862.50
  • Tax Census Tract: 9105.01
  • Tax Lot: 22
  • Tax Tract Number: 15688

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2019
Closed on
Jul 19, 2019
Sold by
Fang Steve Shi Liang and The Steve Shi Liang Fang Livin
Bought by
Hadad Pinhas and Shalom Malka
Seller's Agent
Jerry Munoz
GERARDO C. MUNOZ, BROKER
Buyer's Agent
Monica Vacas
RE/MAX One
List Price
$549,000
Sold Price
$522,000
Premium/Discount to List
-$27,000
-4.92%
Current Estimated Value
$787,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,770
Avg. Annual Appreciation
7.03%

Purchase Details

Closed on
Mar 25, 2017
Sold by
Fang Steve Shi Liang
Bought by
Fang Steve Shi Liang and The Steve Shi Liang Fang Living Trust

Purchase Details

Closed on
Mar 1, 2017
Sold by
Wengert Robert F
Bought by
Fang Steve Shi Liang

Purchase Details

Closed on
Apr 11, 2016
Sold by
Pierce Deaven
Bought by
Wengert Robert F Weng and Wengert Edna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,300
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2014
Sold by
Toscano Jorge
Bought by
Pierce Deaven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,570
Interest Rate
4.27%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 5, 2012
Sold by
Patel Jay and Patel Nila
Bought by
Toscano Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 24, 2009
Sold by
Aurora Loan Services Llc
Bought by
Patel Jay

Purchase Details

Closed on
Oct 6, 2008
Sold by
Camacho Romil Mendoza
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jul 12, 2007
Sold by
Salas Nina R and Samson Celso
Bought by
Camacho Romil Mendoza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2007
Sold by
Garcia Roy
Bought by
Leviste Lilibeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 28, 2005
Sold by
Salas Nina R
Bought by
Salas Nina R

Purchase Details

Closed on
Jan 12, 2005
Sold by
Rumsey Kevin
Bought by
Salas Nina Ritzie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 1998
Sold by
Huerta Emilio and Huerta Mauricia
Bought by
Rumsey Kevin

Purchase Details

Closed on
Sep 8, 1995
Sold by
Lockheed Fcu
Bought by
Huerta Emilio

Purchase Details

Closed on
Jul 25, 1995
Sold by
Christie Darlene E and Lockheed Fcu
Bought by
Lockheed Fcu

Purchase Details

Closed on
Apr 26, 1994
Sold by
Christie Darlene E and Boggan Lawrence D
Bought by
Christie Darlene E
Source: Public Records

Range of Values:

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Average Value
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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
Hadad Pinhas $522,000 Old Republic Title Company
Fang Steve Shi Liang -- None Available
Fang Steve Shi Liang $477,000 Wfg National Title
Wengert Robert F Weng $399,000 Wfg National Title
Pierce Deaven $355,000 Wfg Title Company
Toscano Jorge $260,000 Fidelity National Title Co
Patel Jay $132,500 Fidelity Natl Title Ins Co
Aurora Loan Services Llc $404,800 None Available
Camacho Romil Mendoza $620,000 Fatcola
Leviste Lilibeth -- First American Title Co La
Lobusta Ofelia -- First American Title Co La
Salas Nina R -- --
Salas Nina Ritzie $475,000 Equity Title
Rumsey Kevin $102,500 First American Title Co
Huerta Emilio $77,000 Investors Title Company
Lockheed Fcu $12,136 Southern California Title Co
Christie Darlene E -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wengert Robert F Weng $279,300
Previous Owner Pierce Deaven $348,570
Previous Owner Toscano Jorge $187,500
Previous Owner Camacho Romil Mendoza $496,000
Previous Owner Salas Nina Ritzie $380,000
Previous Owner Rumsey Kevin $100,259
Previous Owner Huerta Emilio $77,147
Closed Salas Nina Ritzie $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2019 08/30/19 Sold $522,000 0.0% $150 / Sq Ft
07/17/2019 07/17/19 Pending -- -- --
07/16/2019 07/16/19 Off Market $522,000 -- --
07/10/2019 07/10/19 For Sale $549,000 -- $158 / 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 $9,357 $570,878 $85,849 $485,029
2024 $9,357 $559,685 $84,166 $475,519
2023 $9,272 $548,712 $82,516 $466,196
2022 $8,931 $537,954 $80,899 $457,055
2021 $8,747 $527,407 $79,313 $448,094
2019 $240 $496,270 $80,110 $416,160
2018 $8,221 $486,540 $78,540 $408,000
2016 $6,531 $367,612 $54,882 $312,730
2015 $6,476 $362,091 $54,058 $308,033
2014 $5,374 $261,180 $52,236 $208,944
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jerry Munoz

    GERARDO C. MUNOZ, BROKER

    (323) 728-4200

    17 Total Sales

    Section Image
  • Monica Vacas

    Buyer's Agent in 2019

    Monica Vacas

    RE/MAX

    (818) 953-7477

    17 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB19162957

California Regional Multiple Listing Service (CRMLS)

APN: 3015-002-003

California Los Angeles County Palmdale 93550 East Palmdale

38551 10th Place E Unit A-D, Palmdale, CA

This home is located at 38551 10th Place E Unit A-D, Palmdale, CA 93550 since 10 July 2019 and is currently estimated at $781,544, approximately $224 per square foot. This property was built in 1987. 38551 10th Place E Unit A-D is a home located in Los Angeles County with nearby schools including Tamarisk Elementary School, David G. Millen Intermediate, and Palmdale High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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