NOT LISTED FOR SALE

38703 Larkin Ave Unit 1 Palmdale, CA 93550

East Palmdale Neighborhood

Estimated Value: $759,000 - $886,000

8 Beds
5 Baths
3,558 Sq Ft
$236/Sq Ft Est. Value

Last Sold October 03, 2018

Last sale price $488,000 $137 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $5,263/month

About This Home

As of October 2018

Income producing 4 unit building in Palmdale, CA. All units rented, No rent control. Building was constructed in 1987. 3,558 sf, 8 bedrooms and 5 bathrooms, lot size 8,100. All units have kitchen granite counters. The property is centrally located and close to freeway, schools, shopping, restaurants, super markets, Metro link greyhound and multiple other sources of transportation.

Last Agent to Sell the Property

Blanca Deleon

Keller Williams Realty Antelope Valley License #01509900 Listed on: 07/24/2018

Keller Williams Realty Antelope Valley

Last Buyer's Agent

Angela Parekh

Pinnacle Estate Properties License #01186271

Pinnacle Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,847

Year Built

  • Built in 1987

Lot Details

  • 8,010 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,558 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 43
  • Tax Tract Number 14561
  • Assessor Parcel Number 3008008026

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $120
  • Water Sewer Expense $80
  • Operating Expense $2,824
  • Gross Income $42,000
  • Net Operating Income $768

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,847

Year Built

Built in 1987

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 80.00
  • Zoning: PDR3*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 3008008026
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 137.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 120.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8010.00

Multi Family

  • Gross Income: 42000.00
  • Gross Scheduled Income: 3500.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 768.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 327.00
  • Rent Control: No
  • Total Expenses: 2824.00

Tax Info

  • Tax Census Tract: 9104.02
  • Tax Lot: 43
  • Tax Tract Number: 14561

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2023
Sold by
Young Louis T
Bought by
Quantum Lark 4 Llc
Current Estimated Value
$841,300

Purchase Details

Closed on
Feb 20, 2020
Sold by
Martinez Pedro A and Diaz Elvia V
Bought by
Young Louis T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 24, 2018
Closed on
Aug 21, 2018
Sold by
Guevara Jose Roberto
Bought by
Martinez Pedro A and Diaz Elvia V
Seller's Agent
Blanca Deleon
Keller Williams Realty Antelope Valley
Buyer's Agent
Angela Parekh
Pinnacle Estate Properties
List Price
$485,000
Sold Price
$488,000
Premium/Discount to List
$3,000
0.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.58%
Original Mortgage
$366,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2008
Sold by
Ford Investment Group
Bought by
Guevara Jose Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 6, 2005
Sold by
Lavi Mike
Bought by
Lavi Mike and Lavi Trust

Purchase Details

Closed on
Apr 16, 2001
Sold by
Lawrence David A
Bought by
Lavi Massoud

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
7.06%

Purchase Details

Closed on
Jan 12, 1998
Sold by
Solorzano Alfredo F
Bought by
Lawrence David A and Lawrence Pamela M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,400
Interest Rate
6.99%

Purchase Details

Closed on
Feb 8, 1994
Sold by
California Federal Bank Fsb
Bought by
Solorzano Alfredo F and Solorzano Antonia
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
Quantum Lark 4 Llc -- None Listed On Document
Young Louis T $560,000 Old Republic Title Company
Martinez Pedro A $488,000 Fidelity National Title Comp
Guevara Jose Roberto $375,000 First American Title Company
Ford Investment Group -- First American Title Company
Lavi Mike -- --
Lavi Massoud $135,000 Chicago Title Co
Lawrence David A $88,000 Lawyers Title Company
Solorzano Alfredo F -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Young Louis T $420,000
Previous Owner Martinez Pedro A $366,000
Previous Owner Guevara Jose Roberto $255,600
Previous Owner Guevara Jose Roberto $262,500
Previous Owner Lavi Massoud $1,500,000
Previous Owner Lavi Massoud $121,500
Previous Owner Lawrence David A $70,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2018 10/03/18 Sold $488,000 +0.6% $137 / Sq Ft
08/07/2018 08/07/18 Pending -- -- --
07/24/2018 07/24/18 For Sale $485,000 -- $136 / 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 $9,847 $612,437 $91,864 $520,573
2024 $9,847 $600,429 $90,063 $510,366
2023 $9,757 $588,657 $88,298 $500,359
2022 $9,394 $577,116 $86,567 $490,549
2021 $9,204 $565,801 $84,870 $480,931
2020 $8,331 $497,760 $74,460 $423,300
2019 $8,233 $488,000 $73,000 $415,000
2018 $7,577 $424,405 $106,155 $318,250
2017 $139 $360,000 $90,000 $270,000
2016 $6,550 $360,000 $90,000 $270,000
2015 $6,283 $336,000 $84,000 $252,000
2014 $5,646 $280,000 $70,000 $210,000
Source: Public Records

Agents Affiliated with this Home

  • Blanca Deleon

    Seller's Agent in 2018

    Blanca Deleon

    Keller Williams Realty Antelope Valley

    (661) 618-0785

    22 in this area

    94 Total Sales

    Blanca Deleon
    Section Image

  • A

    Buyer's Agent in 2018

    Angela Parekh

    Pinnacle Estate Properties

    (818) 426-8310

    3 in this area

    66 Total Sales

    Angela Parekh
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18178788

California Regional Multiple Listing Service (CRMLS)

APN: 3008-008-026

California Los Angeles County Palmdale 93550 East Palmdale

38703 Larkin Ave Unit 1, Palmdale, CA

This home is located at 38703 Larkin Ave Unit 1, Palmdale, CA 93550 since 24 July 2018 and is currently estimated at $841,300, approximately $236 per square foot. This property was built in 1987. 38703 Larkin Ave Unit 1 is a home located in Los Angeles County with nearby schools including Yucca Elementary School, David G. Millen Magnet Academy, and Highland 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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