NOT LISTED FOR SALE

44138 Beech Ave Lancaster, CA 93534

Central Lancaster Neighborhood
4 Beds
3 Baths
5,696 Sq Ft
7,540 Sq Ft Lot

Last Sold July 12, 2017

Last sale price $665,000 $117 Per Sq Ft

33 Days on Market

About This Home

As of July 2017

10-unit multifamily property in Lancaster, no rent control. One south of the corner of West Avenue J4 and Beech Ave. West of Sierra Highway. Close to the Metrolink, shopping, restaurants, schools and downtown. Two-story property, great unit mix of eight one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units plus laundry room. Individually metered for electric and gas. Subject to sale with vacant lot next door (7,779 SF, zoned R3) $69K, Call agent for more information.

Last Agent to Sell the Property

Kifah Azzuz

MB Real Estate License #00935157 Listed on: 05/24/2017

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 7,540 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Property Attached

Interior Spaces

  • 5,696 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Location

  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 18842
  • Assessor Parcel Number 3132012002

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • Electric Expense $800
  • Insurance Expense $2,000
  • Professional Management Expense $4,200
  • Trash Expense $2,000
  • Water Sewer Expense $2,200
  • New Taxes Expense $8,340
  • Operating Expense $25,590
  • Gross Income $82,980
  • Net Operating Income $53,241

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • CapRate: 7.70
  • Professional Management Expense: 4200.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2200.00
  • Zoning: LRR3*
  • Property Type: Residential Income
  • Parcel Number: 3132012002
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 116.75

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 7540.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 800.00
  • Gross Income: 82980.00
  • Gross Multiplier: 8.38
  • Gross Scheduled Income: 82980.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 53241.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Units Total: 10
  • Operating Expense: 25590.00
  • Rent Control: No
  • Total Expenses: 25590.00

Tax Info

  • New Taxes Expense: 8340.00
  • Tax Census Tract: 9007.01
  • Tax Lot: 2
  • Tax Tract Number: 18842

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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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/12/2017 07/12/17 Sold $665,000 -4.3% $117 / Sq Ft
06/26/2017 06/26/17 Pending -- -- --
05/24/2017 05/24/17 For Sale $695,000 +24.1% $122 / Sq Ft
02/02/2016 02/02/16 Sold $560,000 -8.9% $98 / Sq Ft View Prior Sale
11/19/2015 11/19/15 Pending -- -- --
07/10/2015 07/10/15 For Sale $615,000 -- $108 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    Kifah Azzuz

    MB Real Estate

    (818) 657-6500

    14 Total Sales

    Kifah Azzuz
    Section Image
  • Filip Niculete

    Seller's Agent in 2016

    Filip Niculete

    Marcus & Millichap

    (818) 357-9525

    102 Total Sales

    Filip Niculete
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17116534

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Lancaster 93534 Central Lancaster

44138 Beech Ave, Lancaster, CA

Not Listed for Sale

MultiFamily

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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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