NOT LISTED FOR SALE

4012 W Avenue L Lancaster, CA 93536

Quartz Hill Neighborhood

Estimated Value: $605,763 - $751,000

3 Beds
3 Baths
5,266 Sq Ft
$129/Sq Ft Est. Value

Last Sold December 18, 2013

Last sale price $300,000 $57 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $4,391/month

136 Days on Market

About This Home

As of December 2013

TRADITIONAL SALE -GREAT INVESTMENT OPPORTUNITY.. HUGE 20,547 LOT, INDIVIDUALLY METERED FOR GAS AND ELECTRIC , PRICE REFLECTS WORK NEEDED ON THESE UNITS. SOME OF THESE UNITS NEED ELECTRICAL WORK, SOME DRYWALL REPAIR/PAINT...

Last Agent to Sell the Property

Kim Valdez

Platinum Real Estate & Inv. License #01318763 Listed on: 11/25/2013

Last Buyer's Agent

Mike Nijjar

MZ BROKERAGE INC. License #00578160

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,004

Year Built

  • Built in 1955

Lot Details

  • 0.48 Acre Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 8 Parking Spaces

Home Design

  • 5,266 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling Available
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 11921
  • Assessor Parcel Number 3103024020

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 9 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,000
  • Insurance Expense $2,600
  • Maintenance Expense $4,500
  • Trash Expense $1,200
  • Water Sewer Expense $3,400
  • New Taxes Expense $5,400
  • Gross Income $4,925
  • Net Operating Income $39,045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,004

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3400.00
  • Property Type: Residential Income
  • Parcel Number: 3103024020
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 56.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00

Utilities

  • Sewer: Unknown
  • Trash Expense: 1200.00
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 20792.00
  • Lot Size Acres: 0.4770

Multi Family

  • Electric Expense: 2000.00
  • Gross Income: 4925.00
  • Gross Scheduled Income: 59100.00
  • Insurance Expense: 2600.00
  • Lot Size Area: 20792.0000 Square Feet
  • Maintenance Expense: 4500.00
  • Net Operating Income: 39045.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 17100.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 5400.00
  • Tax Lot: 35
  • Tax Tract Number: 11921
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2013
Closed on
Dec 10, 2013
Sold by
Veni Vidi Investments Llc
Bought by
Cobra 28 #7 Lp
Seller's Agent
Kim Valdez
Platinum Real Estate & Inv.
Buyer's Agent
Mike Nijjar
MZ BROKERAGE INC.
List Price
$475,000
Sold Price
$300,000
Premium/Discount to List
-$175,000
-36.84%
Current Estimated Value
$678,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$378,382
Avg. Annual Appreciation
7.12%

Purchase Details

Closed on
Oct 14, 2010
Sold by
Davis Lee Norice E
Bought by
Veni Vidi Investments Llc

Purchase Details

Closed on
Jun 28, 2010
Sold by
Lee Otis and Davis Lee Norice E
Bought by
Lee Otis and Davis Lee Norice E

Purchase Details

Closed on
May 21, 2010
Sold by
The Otis Lee Sr Llc
Bought by
Lee Otis and Davis Lee Norice E

Purchase Details

Closed on
Jun 23, 2009
Sold by
Lee Otis
Bought by
The Otis Lee Sr Llc
Source: Public Records

Range of Values:

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Average Value
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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
Cobra 28 #7 Lp $300,003 Fidelity National Title
Veni Vidi Investments Llc $375,000 Priority Title
Lee Otis -- None Available
Lee Otis -- None Available
The Otis Lee Sr Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2013 12/18/13 Sold $300,000 -36.8% $57 / Sq Ft
12/05/2013 12/05/13 Pending -- -- --
07/22/2013 07/22/13 For Sale $475,000 -- $90 / 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 $10,004 $471,946 $104,194 $367,752
2024 $10,004 $462,693 $102,151 $360,542
2023 $9,533 $453,622 $100,149 $353,473
2022 $9,426 $444,729 $98,186 $346,543
2021 $9,301 $436,010 $96,261 $339,749
2019 $9,138 $477,427 $71,428 $405,999
2018 $9,649 $468,120 $70,028 $398,092
2016 $9,201 $447,349 $67,309 $380,040
2015 $9,125 $440,630 $66,298 $374,332
2014 $9,209 $432,000 $65,000 $367,000
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2013

    Kim Valdez

    Platinum Real Estate & Inv.

  • M

    Buyer's Agent in 2013

    Mike Nijjar

    MZ BROKERAGE INC.

    (626) 575-0062

    1 Total Sale

    Mike Nijjar
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG13145880

California Regional Multiple Listing Service (CRMLS)

APN: 3103-024-020

California Los Angeles County Lancaster 93536 Quartz Hill

4012 W Avenue L, Lancaster, CA

This home is located at 4012 W Avenue L, Lancaster, CA 93536 since 25 November 2013 and is currently estimated at $678,382, approximately $128 per square foot. This property was built in 1955. 4012 W Avenue L is a home located in Los Angeles County with nearby schools including Valley View Elementary School, Joe Walker Middle School, and Lancaster High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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