$520,000
SOLD AUG 17, 2016
2 Beds
1 Bath
4,100 Sq Ft
0.28 Acres

Recently Sold

$127 Per Sq Ft

12 Days on Market

Highlights

  • City Lights View
  • No HOA
  • Evaporated cooling system
  • Contemporary Architecture
  • Double Pane Windows
  • Laundry Room

About This Home

As of February 2023

Spectacular investment opportunity in WEST Palmdale! House with 4 unit in rear. 4,100 SF of living space on 12,018 SF lot. Front house is a 2 beds + 1 bath with enclosed private backyard + 1 car attached garage. Newer dual pane windows throughout. Two Units 2 Beds + 1 Bath and Two Units 1 Bed + 1 Bath. 2-tandem carport parking inside per unit. The property features its own coin operated laundry room (additional income) and is individually metered for electric and gas. Well maintained building. Walking distance to Palmdale Regional Medical Center, restaurants, shops, schools, public transportation, churches and entertainment. Great Location! PLEASE DO NOT DISTURB OCCUPANTS. DRIVE BY ONLY…

Last Agent to Sell the Property

Rene Fuentes

Coldwell Banker Quality Properties License #01474068 Listed on: 05/19/2016

Coldwell Banker Quality Properties

Last Buyer's Agent

Raul Chavez

San Fernando Realty, Inc. License #01194510

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.28 Acre Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • 8 Attached Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Turnkey
  • Shingle Roof

Interior Spaces

  • 4,100 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • City Lights Views
  • Gas Cooktop
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Location

  • Suburban Location

Utilities

  • Evaporated cooling system
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 43
  • Tax Tract Number 17164
  • Assessor Parcel Number 3003008013

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Electric Expense $1,500
  • Insurance Expense $2,698
  • Pest Control $1,104
  • Trash Expense $830
  • New Taxes Expense $6,531
  • Gross Income $50,100
  • Net Operating Income $43,548

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

1

Listing Details

  • Inclusions: Washer & Dryer
  • Property Attached: No
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 3003008013
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Ground Level No Steps
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 126.83
  • Window Features: Double Pane Windows

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 8.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Garage
  • Total Parking Spaces: 17.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 1104.00
  • Trash Expense: 830.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 12018.00
  • Price Per Lot Square Foot: 43.27

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 1500.00
  • Gross Income: 50100.00
  • Gross Scheduled Income: 50100.00
  • Insurance Expense: 2698.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 43548.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 6552.00
  • Rent Control: No
  • Total Actual Rent: 50100.00

Tax Info

  • New Taxes Expense: 6531.00
  • Tax Lot: 43
  • Tax Tract Number: 17164

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: SR16107497

California Regional Multiple Listing Service (CRMLS)