NOT LISTED FOR SALE

38707 12th St E Palmdale, CA 93550

East Palmdale Neighborhood
84 Beds
84 Baths
42,120 Sq Ft
1.95 Acres

Last Sold December 16, 2020

Last sale price $5,750,000 $137 Per Sq Ft

89 Days on Market

Highlights

  • 1.95 Acre Lot
  • Central Heating and Cooling System
  • Wood Siding

About This Home

As of December 2020

This is a 38 unit complex (19 on each side) that is fully gated, two pools, security cameras with remote access, and the majority of units have been fully remodeled!A full brochure has been attached.One side comes with garages, while the other side has carports. Both structures have brand new roofs!Property is xeriscaped, and the shrubs and trees are on timers, so easy maintenance.There are two APN's and Addresses for this sale. APN 3015-006-015 and 3015-006-098. The two addresses are 38707 and 38675 12th st.Currently shows a 5.8 CAP, but once the rest of the leases renew at the market rate, you should be at a 6.5! Great opportunity!Currently we have zero vacancies with a waiting list.Rehabs included new flooring, new paint, new Granite Counters and stainless sinks, built-in USB phone charger in the kitchen, plus much more!About 80% of all the units have new HVAC units, hot water heaters, etc.Please contact listing agent for more information, do not disturb tenants

Last Agent to Sell the Property

Allen Wessel

License #01384279 Listed on: 09/13/2020

Last Buyer's Agent

Unknown Member

NON-MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 1.95

Home Design

  • 42,120 Sq Ft Home
  • Frame Construction
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 84 Bedrooms
  • 84 Bathrooms

Additional Features

  • 1.95 Acre Lot
  • Central Heating and Cooling System

Community Details

  • 38 Units

Listing and Financial Details

  • Assessor Parcel Number 3015-006-098

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Capital Rate: 5.80
  • House Faces: E
  • Directions To Property: From Palmdale Blvd, go North on 12th St East to property.
  • Income Producing: Yes
  • Listing Member Name: Allen Wessel
  • Lot Measurement: SqFt
  • Prop. Type: E
  • Sp Percent Lp: 1.00
  • Square Footage: 42120.00
  • Tract Suffix: Street
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Unit: 151315.79
  • Total Bathrooms: 84.00

Exterior Features

  • Exterior Construction: Frame, Stucco, Wood

Utilities

  • Cooling Type: Central Air/Refrig
  • HeatingTypes: Central Heat/Gas

Condo/Co-op/Association

  • Units in Building: 38

Lot Info

  • Lot Acres: 1.95
  • Zoning: PDR3

Tax Info

  • Assessor Parcel Number: 3015-006-098

Multi Family

  • Number2 Bedroom Units: 30.00
  • Number3 Bedroom Units: 8.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2020 12/16/20 Sold $5,750,000 0.0% $137 / Sq Ft
12/11/2020 12/11/20 Pending -- -- --
09/13/2020 09/13/20 For Sale $5,750,000 -- $137 / Sq Ft
Source: Greater Antelope Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Allen Wessel

    (661) 802-4442

    41 Total Sales

    Allen Wessel
    Section Image

  • U

    Buyer's Agent in 2020

    Unknown Member

    NON-MEMBER OFFICE

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Map

Source: Greater Antelope Valley Association of REALTORS®

MLS Number: 20007373

Greater Antelope Valley Association of REALTORS®
California Los Angeles County Palmdale 93550 East Palmdale

38707 12th St E, Palmdale, CA

Not Listed for Sale

MultiFamily

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