38714 12th St E Palmdale, CA 93550
East Palmdale NeighborhoodEstimated Value: $535,000 - $647,000
6
Beds
3
Baths
2,626
Sq Ft
$221/Sq Ft
Est. Value
About This Home
As of February 2023Great investment property ready for its new owner. 3 units 2 bed 1 bath each. Each unit has a 1 car garage with plenty of parking in the back, and sits on over a 13000 SF lot. Live in one and rent the rest or just have it as income property. Close to freeways shopping and transportation.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,613
Year Built
- Built in 1972
Lot Details
- 0.31 Acre Lot
- 1 Common Wall
- Level Lot
Parking
- 3 Car Garage
Home Design
- 2,626 Sq Ft Home
- Triplex
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Additional Features
- Laundry Room
- Suburban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 1
- Tax Tract Number 7682
- Assessor Parcel Number 3015011023
- $1,909 per year additional tax assessments
Community Details
Overview
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,200
- Trash Expense $600
- Water Sewer Expense $2,000
- Operating Expense $14,600
- Gross Income $63,600
- Net Operating Income $14,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 15, 2022
Closed on
Jan 23, 2023
Sold by
Mary Ew Christian Trust
Bought by
Garay Leslie
Seller's Agent
Christian Flores
Re/Max Top Producers
List Price
$525,000
Sold Price
$530,000
Premium/Discount to List
$5,000
0.95%
Total Days on Market
60
Views
131
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,155
Avg. Annual Appreciation
4.09%
Original Mortgage
$397,500
Outstanding Balance
$386,836
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$194,319
Purchase Details
Closed on
Apr 21, 2017
Sold by
Christian Marye W
Bought by
Christian Mary and The Mary E W Christian Trust
Purchase Details
Closed on
Nov 5, 1998
Sold by
Starling Joseph D and Starling Joyce V
Bought by
Christian Mary E W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,330
Interest Rate
6.73%
Mortgage Type
FHA
Similar Homes in Palmdale, CA
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Garay Leslie | $530,000 | California Best Title | |
| Christian Mary | -- | Accommodation | |
| Christian Mary E W | $110,500 | Lawyers Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Garay Leslie | $397,500 | |
| Previous Owner | Christian Mary E W | $228,000 | |
| Previous Owner | Christian Mary E W | $110,330 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/10/2023 02/10/23 | Sold | $530,000 | +1.0% | $202 / Sq Ft |
| 11/15/2022 11/15/22 | For Sale | $525,000 | -- | $200 / 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 | $8,613 | $540,600 | $162,180 | $378,420 |
| 2023 | $4,033 | $166,479 | $25,452 | $141,027 |
| 2022 | $3,905 | $163,215 | $24,953 | $138,262 |
| 2021 | $3,801 | $160,015 | $24,464 | $135,551 |
| 2019 | $3,717 | $155,672 | $23,740 | $131,932 |
| 2018 | $3,671 | $152,628 | $23,275 | $129,353 |
| 2016 | $3,455 | $146,319 | $22,372 | $123,947 |
| 2015 | $3,418 | $144,122 | $22,036 | $122,086 |
| 2014 | $3,392 | $141,300 | $21,605 | $119,695 |
Source: Public Records
Agents Affiliated with this Home
-
Christian Flores
Seller's Agent in 2023
Christian Flores
RE/MAX
(562) 965-9663
2 in this area
69 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW22242424
APN: 3015-011-023
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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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