38703 Larkin Ave Unit 1 Palmdale, CA 93550
East Palmdale NeighborhoodEstimated Value: $745,000 - $875,595
8
Beds
5
Baths
3,558
Sq Ft
$228/Sq Ft
Est. Value
About This Home
As of October 2018Income 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
Keller Williams Realty Antelope Valley License #01509900 Listed on: 07/24/2018
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
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
Total Days on Market
14
Current Estimated Value
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
7.88%
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
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 |
|---|---|---|---|
| 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
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 | $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
23 in this area
95 Total Sales
-
Angela Parekh
A
Buyer's Agent in 2018
Angela Parekh
Pinnacle Estate Properties
(818) 426-8310
3 in this area
62 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR18178788
APN: 3008-008-026
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