NOT LISTED FOR SALE
8 Beds
5 Baths
4,100 Sq Ft
0.28 Acres

Last Sold February 06, 2023

Last sale price $1,100,000 $268 Per Sq Ft

71 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Up Slope from Street
  • Property is near a park
  • Hiking Trails
  • Evaporated cooling system

About This Home

As of February 2023

Excellent 5 unit property consists of a single family home plus a 4-plex at the rear. All units mix consists of a 2 bedroom 1 bath single family residence with attached garage and a 4 plex with 2 / 1 bedroom units and 2 /2 bedroom 1 bath units. 100% occupied. The units are spacious with large living rooms, good size kitchens and bedrooms. Full baths of tub/shower, toilet and sink. Each is indivually metered for Gas and Electricity. There is a laundry room on site. Located in the highlands area of Palmdale on a major street with easy access to the freeway and Lake Elizabeth Road. The House facing 10th street was built in 1957 and the 4-plex was added later, possibly in the 60's or 70's. The front house has its own parking and attached garage. The fourplex has tuck under parking and you enter via the long drive way. Situated on a 1/4 acre parcel (12,018 square feet) The mix is excellent with upside on the rents. Well located to major shopping , bus line, metro stations, Palmdale regional medical center and close proximity to schools and Highland High school. The antelope Valley is part of Los Angeles county and has high growth. There are limited apartment buildings lots available or zoned to build. The most recent buildings have been built on the Eastside of Palmdale.

Last Agent to Sell the Property

Paquita Engle

Berkshire Hathaway HomeService License #01143671 Listed on: 10/26/2022

Berkshire Hathaway HomeService

Last Buyer's Agent

Ryan Ridley

Real Brokerage Technologies, Inc. License #02070255

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1957

Lot Details

  • 0.28 Acre Lot
  • Property fronts a county road
  • No Common Walls
  • Rectangular Lot

Parking

  • 1 Car Garage
  • 2 Open Parking Spaces
  • 5 Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Up Slope from Street
  • Assigned Parking

Home Design

  • Interior Block Wall

Interior Spaces

  • 4,100 Sq Ft Home
  • 2-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit
  • Suburban Location

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 013
  • Tax Tract Number 3003
  • $3,806 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Hiking Trails

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $750
  • Insurance Expense $1,700
  • Maintenance Expense $1,500
  • Trash Expense $1,500
  • Water Sewer Expense $1,450
  • New Taxes Expense $17,985
  • Operating Expense $24,835
  • Gross Income $85,500
  • Net Operating Income $61,860

Property Details

Home Type

Apartment

Year Built

Built in 1957

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Price Per Unit: 239800
  • Property Attached: No
  • Road Frontage Type: County Road
  • Water Sewer Expenses: 1450.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Block Walls
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 268.29
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Built-In Storage, Carport, On Site
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Hiking, Park, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Rectangular Lot, Near Public Transit, Park Nearby, Up Slope from Street, Walkstreet
  • Lot Size Sq Ft: 12018.00
  • Lot Size Acres: 0.2759

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 4100 Square Feet
  • Electric Expense: 750.00
  • Gross Income: 85500.00
  • Gross Scheduled Income: 85800.00
  • Insurance Expense: 1700.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 12018.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Maintenance Percent: 1.70
  • Net Operating Income: 61860.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Range: 5
  • Operating Expense: 23940.00
  • Operating Expense Percent: 28.00
  • Rent Control: Yes
  • Total Actual Rent: 7150.00
  • Total Expenses: 24835.00

Tax Info

  • New Taxes Expense: 17985.00
  • Tax Lot: 013
  • Tax Tract Number: 3003
  • TaxOtherAnnualAssessmentAmount: 3806.00

Range of Values:

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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 Change Sq Ft Price
02/06/2023 02/06/23 Sold $1,100,000 -8.3% $268 / Sq Ft
10/26/2022 10/26/22 For Sale $1,199,000 +108.2% $292 / Sq Ft
12/01/2017 12/01/17 Sold $576,000 -3.8% $140 / Sq Ft
10/05/2017 10/05/17 Pending -- -- --
07/13/2017 07/13/17 For Sale $599,000 +15.2% $146 / Sq Ft
08/17/2016 08/17/16 Sold $520,000 -0.5% $127 / Sq Ft
05/31/2016 05/31/16 Pending -- -- --
05/19/2016 05/19/16 For Sale $522,500 +49.3% $127 / Sq Ft
11/22/2013 11/22/13 Sold $350,000 -30.0% $85 / Sq Ft
09/18/2013 09/18/13 Pending -- -- --
05/13/2013 05/13/13 For Sale $500,000 -- $122 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22230289

California Regional Multiple Listing Service (CRMLS)