NOT LISTED FOR SALE

38734 5th St E Palmdale, CA 93550

East Palmdale Neighborhood
13 Beds
7 Baths
6,310 Sq Ft
9,855 Sq Ft Lot

Last Sold August 07, 2023

Last sale price $1,075,000 $170 Per Sq Ft

76 Days on Market

About This Home

As of August 2023

7 units Apartment with the lots of potentials in the heart of Palmdale. Close to Palmdale City Hall, Shopping centers and future Palmdale Station which will be developed.

Last Agent to Sell the Property

Hyun Kim

New Star Realty & Investment License #01448463 Listed on: 05/17/2023

Last Buyer's Agent

Michael Garcia

MZ BROKERAGE INC. License #01965127

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 9,855 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 7 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 6,310 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 15912
  • Assessor Parcel Number 3008010004
  • $4,004 per year additional tax assessments

Community Details

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,635
  • Fuel Expense $4,481
  • Insurance Expense $3,247
  • Maintenance Expense $3,806
  • Pest Control $1,964
  • Professional Management Expense $4,200
  • Trash Expense $2,282
  • Water Sewer Expense $1,308
  • New Taxes Expense $18,625
  • Operating Expense $41,623
  • Gross Income $104,520
  • Net Operating Income $62,897

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0

Parking

7

Listing Details

  • Professional Management Expense: 4200.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1308.00
  • Zoning: PDR3*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 3008010004
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 170.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 1964.00
  • Sewer: Public Sewer
  • Trash Expense: 2282.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 9855.00
  • Lot Size Acres: 0.2262

Multi Family

  • Electric Expense: 1635.00
  • Fuel Expense: 4481.00
  • Gross Income: 104520.00
  • Gross Scheduled Income: 104520.00
  • Insurance Expense: 3247.00
  • Lot Size Area: 9855.0000 Square Feet
  • Maintenance Expense: 3806.00
  • Net Operating Income: 62897.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 41623.00
  • Rent Control: No
  • Total Actual Rent: 104520.00
  • Total Expenses: 41623.00

Tax Info

  • New Taxes Expense: 18625.00
  • Tax Census Tract: 9104.05
  • Tax Lot: 4
  • Tax Tract Number: 15912
  • TaxOtherAnnualAssessmentAmount: 4004.00

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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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 Prior Sale
08/07/2023 08/07/23 Sold $1,075,000 -10.4% $170 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
06/29/2023 06/29/23 Price Changed $1,200,000 -4.0% $190 / Sq Ft
05/17/2023 05/17/23 For Sale $1,250,000 +66.7% $198 / Sq Ft
09/21/2018 09/21/18 Sold $750,000 -5.7% $119 / Sq Ft View Prior Sale
07/28/2018 07/28/18 Pending -- -- --
06/29/2018 06/29/18 For Sale $795,000 -- $126 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2023

    Hyun Kim

    New Star Realty & Investment

    (661) 313-0977

    3 in this area

    57 Total Sales

    Hyun Kim
    Section Image
  • Michael Garcia

    Buyer's Agent in 2023

    Michael Garcia

    MZ BROKERAGE INC.

    (626) 235-4505

    8 in this area

    81 Total Sales

    Michael Garcia
    Section Image
  • Alan Zemek

    Seller's Agent in 2018

    Alan Zemek

    LRS Realty & Management Inc

    (949) 689-5637

    1 in this area

    24 Total Sales

    Alan Zemek
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23085655

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Palmdale 93550 East Palmdale

38734 5th St E, Palmdale, CA

Not Listed for Sale

MultiFamily

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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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