NOT LISTED FOR SALE
4 Beds
5 Baths
3,912 Sq Ft
7,462 Sq Ft Lot

Sale Details

Date Sold: June 16, 2025

Last sale price $780,000 $199 Per Sq Ft

151 Days on Market

Highlights

  • Gated Community
  • Mountain View
  • Main Floor Bedroom
  • Open Floorplan
  • Contemporary Architecture
  • Corner Lot

About This Home

As of June 2025

Discover this exceptional 5-unit corner lot apartment complex, a true pride of ownership. The property boasts a fully gated premises, energy-efficient windows, and drought-tolerant landscaping. Each 1-bedroom unit has been thoughtfully renovated and includes detached garages. Located in a residential area, this complex offers easy access to grocery stores, retail shopping centers, Palmdale Transit Village, and Palmdale Regional Medical Center. Each unit features open and spacious floorplans with ample storage, updated appliances, and modern fixtures. Don’t miss this opportunity to own a well-maintained, income-producing property in a highly desirable location!

Last Agent to Sell the Property

Arturo Sequeira

Skycastle Properties Brokerage Phone: 661-312-9877 License #01429872 Listed on: 12/27/2024

Last Buyer's Agent

Scharme Grider

Equity Union License #02065869

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983 | Remodeled

Lot Details

  • 7,462 Sq Ft Lot
  • No Common Walls
  • Security Fence
  • Wrought Iron Fence
  • Privacy Fence
  • Stucco Fence
  • Fence is in excellent condition
  • Corner Lot

Parking

  • 4 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Two Garage Doors
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 3,912 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Double Pane Windows
  • Panel Doors
  • Mountain Views
  • Leased Washer and Dryer

Kitchen

  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 5 Bathrooms

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Standard Electricity

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 241
  • Tax Tract Number 14561
  • Assessor Parcel Number 3008013039

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $396
  • Insurance Expense $5,000
  • Maintenance Expense $5,284
  • Pest Control $500
  • Supplies Expense $250
  • Trash Expense $2,600
  • Water Sewer Expense $935
  • New Taxes Expense $11,562
  • Operating Expense $26,576
  • Gross Income $75,696
  • Net Operating Income $52,119

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1983 | Remodeled

Lot Details

7,462 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 6.06
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Privately Maintained
  • Security: Carbon Monoxide Detector(s), Gated Community, Security Lights, Smoke Detector(s)
  • Supplies Expense: 250.00
  • View: Yes
  • Water Sewer Expenses: 935.00
  • Zoning: PDR3*
  • Architectural Style: Contemporary
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 3008013039
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full, Granite Counters, Open Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Door Features: Panel Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 199.39
  • Room Type: Kitchen, Main Floor Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Excellent Condition, Privacy, Security, Stucco Wall, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage - Two Door
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Gas Oven, Gas Range, Microwave
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Community
  • Pest Control Expense: 500.00
  • Sewer: Public Sewer
  • Trash Expense: 2600.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7462.00
  • Lot Size Acres: 0.1713

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 878 Square Feet
  • Average Studio Area: 400 Square Feet
  • Electric Expense: 396.00
  • Gross Income: 75696.00
  • Gross Multiplier: 11.36
  • Gross Operating Income: 75696.00
  • Gross Scheduled Income: 79680.00
  • Insurance Expense: 5000.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 7462.0000 Square Feet
  • Maintenance Expense: 5284.00
  • Maintenance Percent: 7.00
  • Net Operating Income: 52119.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 5
  • Number With Dishwasher: 5
  • Number With Disposal: 5
  • Number With Range: 5
  • Operating Expense: 26576.00
  • Operating Expense Percent: 33.00
  • Rent Control: Yes
  • Total Actual Rent: 65056.00
  • Total Expenses: 26576.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 11562.00
  • Tax Census Tract: 9104.05
  • Tax Lot: 241
  • Tax Tract Number: 14561

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2024
Closed on
Jun 5, 2025
Sold by
Bought by
Seller's Agent
Arturo Sequeira
Skycastle Properties
Buyer's Agent
Scharme Grider
Equity Union
List Price
$860,000
Sold Price
$780,000
Premium/Discount to List
-$80,000
-9.3%
Views
35

Purchase Details

Listed on
Nov 30, 2016
Closed on
May 31, 2017
Sold by
Bought by
Seller's Agent
Kristine Halajyan
eXp Realty of California Inc
Buyer's Agent
Arturo Sequeira
Skycastle Properties
List Price
$500,000
Sold Price
$480,000
Premium/Discount to List
-$20,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.34%
Original Mortgage
$355,000
Interest Rate
0.0391%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 21, 2015
Closed on
Jun 22, 2015
Sold by
Bought by
Seller's Agent
Harvey Holloway
Coldwell Banker Commercial/Valley Realty
Buyer's Agent
Unknown Member
NON-MEMBER OFFICE
List Price
$359,000
Sold Price
$320,000
Premium/Discount to List
-$39,000
-10.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.11%

Purchase Details

Listed on
Feb 21, 2015
Closed on
Jun 3, 2015
Sold by
Bought by
Seller's Agent
Harvey Holloway
Coldwell Banker Commercial/Valley Realty
Buyer's Agent
Unknown Member
NON-MEMBER OFFICE
List Price
$359,000
Sold Price
$320,000
Premium/Discount to List
-$39,000
-10.86%
Source: Public Records
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$780,000 Fidelity National Title
$480,000 Fatcola
-- Chicago Title Company
$320,000 Chicago Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $355,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/16/2025 06/16/25 Sold $780,000 -7.1% $199 / Sq Ft
05/27/2025 05/27/25 Pending -- -- --
05/11/2025 05/11/25 Price Changed $839,999 -2.3% $215 / Sq Ft
12/27/2024 12/27/24 For Sale $860,000 +79.2% $220 / Sq Ft
07/26/2017 07/26/17 Sold $480,000 -4.0% $123 / Sq Ft View Prior Sale
12/20/2016 12/20/16 Pending -- -- --
11/30/2016 11/30/16 For Sale $500,000 +56.3% $128 / Sq Ft
07/17/2015 07/17/15 Sold $320,000 -10.9% $82 / Sq Ft View Prior Sale
07/10/2015 07/10/15 Pending -- -- --
02/21/2015 02/21/15 For Sale $359,000 -- $92 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,753 $546,153 $136,537 $409,616
2024 $10,094 $535,445 $133,860 $401,585
2023 $10,050 $524,947 $131,236 $393,711
2022 $9,693 $514,655 $128,663 $385,992
2021 $9,505 $504,565 $126,141 $378,424
2019 $9,256 $489,600 $122,400 $367,200
2018 $7,301 $332,928 $52,020 $280,908
2016 $6,834 $320,000 $50,000 $270,000
2015 $6,925 $326,039 $61,219 $264,820
2014 -- $319,653 $60,020 $259,633
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24254504

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.