NOT LISTED FOR SALE

38941 9th St E Palmdale, CA 93550

East Palmdale Neighborhood

Estimated Value: $375,000 - $481,000

5 Beds
2 Baths
1,770 Sq Ft
$234/Sq Ft Est. Value

Last Sold February 24, 2014

Last sale price $116,000 $66 Per Sq Ft

Est. 257% increase in value since last sale

Current estimated payment $2,446/month

8 Days on Market

About This Home

As of February 2014

Two units duplex in Palmdale. Front unit is 3 bedrooms and 1 bath and back unit is 2 bedrooms and 1 bath. Property is boarded up and needs work. It is a major fixer.

Last Agent to Sell the Property

Ishwar Malani

Pacific Gold Real Estate Servi License #01019513 Listed on: 01/23/2014

Last Buyer's Agent

Mike Nijjar

MZ BROKERAGE INC. License #00578160

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 6,511 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Parking Spaces

Home Design

  • 1,770 Sq Ft Home
  • Bungalow
  • Fixer Upper
  • Composition Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Conventional Septic

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 26
  • Tax Tract Number 17500
  • Assessor Parcel Number 3022019010

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $1,500
  • Net Operating Income $15,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • Architectural Style: Bungalow
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 3022019010
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 65.54

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Conventional Septic
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 6511.00
  • Lot Size Acres: 0.1490

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 1500.00
  • Gross Scheduled Income: 18000.00
  • Lot Size Area: 6511.0000 Square Feet
  • Net Operating Income: 15000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3000.00
  • Rent Control: No

Tax Info

  • Tax Lot: 26
  • Tax Tract Number: 17500
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2014
Sold by
Mpsn Properties Ii Lp
Bought by
Miller Eric and Miller Edith M
Current Estimated Value
$413,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Outstanding Balance
$103,738
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$310,150

Purchase Details

Listed on
Jan 23, 2014
Closed on
Feb 10, 2014
Sold by
Black Golden Llc
Bought by
Mpsn Properties Ii Lp
Seller's Agent
Ishwar Malani
Pacific Gold Real Estate Servi
Buyer's Agent
Mike Nijjar
MZ BROKERAGE INC.
List Price
$115,000
Sold Price
$116,000
Premium/Discount to List
$1,000
0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.29%

Purchase Details

Closed on
Sep 13, 2011
Sold by
Sanchez Carlos G
Bought by
Black Golden Llc

Purchase Details

Closed on
Aug 10, 2001
Sold by
Sanchez Lilia M
Bought by
Sanchez Carlos G

Purchase Details

Closed on
Jul 17, 1998
Sold by
Sanchez Carlos
Bought by
Sanchez Carlos and Sanchez Lilia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,500
Interest Rate
7.01%

Purchase Details

Closed on
May 28, 1997
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Sanchez Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,650
Interest Rate
11.5%

Purchase Details

Closed on
May 2, 1997
Sold by
Sanchez Lilia M
Bought by
Sanchez Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,650
Interest Rate
11.5%

Purchase Details

Closed on
Feb 26, 1997
Sold by
Morales Generoso
Bought by
First Nationwide Mtg Corp

Purchase Details

Closed on
Nov 8, 1996
Sold by
First Nationwide Mtg Corp
Bought by
Federal Home Loan Mortgage Corporation
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
Miller Eric -- Chicago Title
Mpsn Properties Ii Lp $116,000 Fidelity National Title Co
Black Golden Llc -- Accommodation
Sanchez Carlos G -- --
Sanchez Carlos -- Stewart Title
Sanchez Carlos $36,818 Provident Title Company
Sanchez Carlos -- Provident Title Company
First Nationwide Mtg Corp $25,000 Continental Lawyers Title Co
Federal Home Loan Mortgage Corporation -- Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Eric $136,500
Previous Owner Sanchez Carlos $45,500
Previous Owner Sanchez Carlos $25,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2014 02/24/14 Sold $116,000 +0.9% $66 / Sq Ft
01/31/2014 01/31/14 Pending -- -- --
01/23/2014 01/23/14 For Sale $115,000 -- $65 / 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 $3,386 $156,232 $24,033 $132,199
2024 $3,117 $153,169 $23,562 $129,607
2023 $2,924 $150,166 $23,100 $127,066
2022 $2,827 $147,223 $22,648 $124,575
2021 $2,762 $144,337 $22,204 $122,133
2020 $2,723 $142,858 $21,977 $120,881
2019 $2,698 $140,058 $21,547 $118,511
2018 $2,663 $137,313 $21,125 $116,188
2016 $2,494 $131,982 $20,305 $111,677
2015 $2,471 $130,000 $20,000 $110,000
2014 -- $71,211 $17,418 $53,793
Source: Public Records

Agents Affiliated with this Home

  • Ishwar Malani

    Seller's Agent in 2014

    Ishwar Malani

    Pacific Gold Real Estate Servi

    (909) 910-3509

    8 Total Sales

    Ishwar Malani
    Section Image

  • M

    Buyer's Agent in 2014

    Mike Nijjar

    MZ BROKERAGE INC.

    (626) 575-0062

    1 Total Sale

    Mike Nijjar
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR14016135

California Regional Multiple Listing Service (CRMLS)

APN: 3022-019-010

California Los Angeles County Palmdale 93550 East Palmdale

38941 9th St E, Palmdale, CA

Not Listed for Sale

MultiFamily

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