NOT LISTED FOR SALE

38714 12th St E Palmdale, CA 93550

East Palmdale Neighborhood

Estimated Value: $602,180 - $690,000

6 Beds
3 Baths
2,626 Sq Ft
$242/Sq Ft Est. Value

Last Sold February 10, 2023

Last sale price $530,000 $202 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,039/month

60 Days on Market

About This Home

As of February 2023

Great 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.

Last Agent to Sell the Property

Christian Flores

Re/Max Top Producers License #01749345 Listed on: 11/15/2022

Re/Max Top Producers

Property Details

Home Type

  • Multi-Family

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2000.00
  • Zoning: PDR3*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 3015011023
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 201.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 13687.00
  • Lot Size Acres: 0.3142

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 63600.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 13687.0000 Square Feet
  • Net Operating Income: 14600.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 14600.00
  • Rent Control: No
  • Total Expenses: 14600.00

Tax Info

  • Tax Census Tract: 9105.02
  • Tax Lot: 1
  • Tax Tract Number: 7682
  • TaxOtherAnnualAssessmentAmount: 1909.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2017
Sold by
Christian Marye W
Bought by
Christian Mary and The Mary E W Christian Trust
Current Estimated Value
$633,724

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Christian Mary -- Accommodation
Christian Mary E W $110,500 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Christian Mary E W $110,330
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $8,613 $551,411 $165,423 $385,988
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

    64 Total Sales

    Christian Flores
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22242424

California Regional Multiple Listing Service (CRMLS)

APN: 3015-011-023

California Los Angeles County Palmdale 93550 East Palmdale

38714 12th St E, Palmdale, CA

Not Listed for Sale

MultiFamily

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