NOT LISTED FOR SALE

Estimated Value: $533,000 - $729,563

6 Beds
3 Baths
2,508 Sq Ft
$260/Sq Ft Est. Value

Last Sold February 14, 2018

Last sale price $396,000 $158 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,976/month

35 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Tile Countertops
  • Private Yard
  • Evaporated cooling system
  • Living Room

About This Home

As of February 2018

CALLING ALL INVESTORS! Do not miss out on this opportunity to own a well-maintained TRIPLEX in Lancaster minutes away from Lancaster Blvd. and Metrolink Station. This property is perfect for a first time or seasoned investor as all three units have long term tenants in place on month to month contracts. Current owner has completed several upgrades within each unit including, but not limited to, granite counters, laminate and tile flooring, new carpet, new bathroom vanity, tiled shower, and new blinds. Each unit is a 2 bedroom + 1 bath with LAUNDRY HOOK-UPS and each has their OWN single car garage to be used for storage OR parking. Additional parking available next to the garage units!

Last Agent to Sell the Property

Kenneth Hoffmann

No Firm Affiliation License #01850004 Listed on: 12/02/2017

Last Buyer's Agent

Rashad Ryans

Ryans Property Group License #01749177

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952 | Remodeled

Lot Details

  • 9,210 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Brick Fence
  • Private Yard
  • Back and Front Yard

Parking

  • 3 Car Garage
  • 2 Open Parking Spaces
  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,508 Sq Ft Home
  • Blinds
  • Living Room
  • Tile Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Suburban Location

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 14
  • Tax Tract Number 17256
  • Assessor Parcel Number 3132007015

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $802
  • Pest Control $40
  • Water Sewer Expense $1,500
  • New Taxes Expense $3,292
  • Operating Expense $5,594
  • Gross Income $29,700
  • Net Operating Income $24,106

Property Details

Home Type

Multi-Family

Year Built

Built in 1952 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • View: No
  • Water Sewer Expenses: 1500.00
  • Zoning: LRR2*
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 3132007015
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Price Per Square Foot: 157.89
  • Room Type: Kitchen, Living Room
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Brick
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking Features: Garage, Street
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage, In Kitchen, Inside
  • Pest Control Expense: 40.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Yard
  • Lot Size Sq Ft: 9210.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 29700.00
  • Gross Scheduled Income: 29700.00
  • Insurance Expense: 802.00
  • Net Operating Income: 24106.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 5594.00
  • Rent Control: No
  • Total Actual Rent: 2475.00
  • Total Expenses: 5594.00

Tax Info

  • New Taxes Expense: 3292.00
  • Tax Census Tract: 9007.01
  • Tax Lot: 14
  • Tax Tract Number: 17256

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2017
Closed on
Feb 2, 2018
Sold by
Roldan Erica E and Roldan Alejandro
Bought by
Ajala Adefunke Olamide
Seller's Agent
Kenneth Hoffmann
No Firm Affiliation
Buyer's Agent
Rashad Ryans
Ryans Property Group
List Price
$389,000
Sold Price
$396,000
Premium/Discount to List
$7,000
1.8%
Current Estimated Value
$651,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,641
Avg. Annual Appreciation
6.47%
Original Mortgage
$297,000
Outstanding Balance
$251,279
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$400,362

Purchase Details

Closed on
Oct 2, 2017
Sold by
Hoffmann Domaradzki Cynthia J and Domaradzki Marcin R
Bought by
Domaradzki Marcin R and Hoffmann Domaradzki Cynthia J

Purchase Details

Listed on
Sep 24, 2015
Closed on
Nov 25, 2015
Sold by
Berber Ma Cecilla Valencia
Bought by
Hoffman Domaradzki Cynthia J and Domaradzki Marcin R
Seller's Agent
Adam Castaneda
Adam Castaneda, Broker
Buyer's Agent
Adam Castaneda
Adam Castaneda, Broker
List Price
$219,990
Sold Price
$225,000
Premium/Discount to List
$5,010
2.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.05%
Original Mortgage
$168,750
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2015
Sold by
Cortez Juan Rangel
Bought by
Berber Mae Cecilia Valencia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2013
Sold by
Nowry Remond
Bought by
Rangel Berber Ma Cecilia Valencia and Rangel Cortez Juan

Purchase Details

Listed on
Aug 10, 2011
Closed on
Jun 6, 2012
Sold by
Harder Corie Palacios
Bought by
Nowry Remond
Seller's Agent
James Hernandez
Century 21 Masters
Buyer's Agent
Unknown Member
List Price
$240,000
Sold Price
$215,000
Premium/Discount to List
-$25,000
-10.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.49%
Original Mortgage
$100,000
Interest Rate
3.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 10, 2011
Closed on
May 30, 2012
Sold by
Dominguez Callender F and Dominguez Maria R
Bought by
Nowry Remond
Seller's Agent
James Hernandez
Century 21 Masters
Buyer's Agent
Unknown Member
List Price
$240,000
Sold Price
$215,000
Premium/Discount to List
-$25,000
-10.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 2009
Sold by
Wheaton Willie
Bought by
Dominguez Callender F and Dominguez Maria R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,493
Interest Rate
4.99%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 28, 2007
Sold by
Barnett Morris A and Barnett Jennifer E
Bought by
Wheaton Willie

Purchase Details

Closed on
Mar 23, 2006
Sold by
Barnett Morris A and Barnett Jennifer E
Bought by
Barnett Morris A and Barnett Jennifer E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,500
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 2, 2004
Sold by
Petz Rolf
Bought by
Barnett Morris and Barnett Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 9, 2000
Sold by
Trust Trudel Terrance P Tr Trudel Family
Bought by
Petz Rolf

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,200
Interest Rate
7.98%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Ajala Adefunke Olamide $396,000 Priority Title Company
Domaradzki Marcin R -- None Available
Hoffman Domaradzki Cynthia J $225,000 First American Title Company
Berber Mae Cecilia Valencia -- Accommodation
Rangel Berber Ma Cecilia Valencia -- None Available
Nowry Remond -- First American Title Company
Nowry Remond $215,000 Fatcola
Dominguez Callender F $165,000 Fatcola
Wheaton Willie -- Investors Title Company
Barnett Morris A -- Ticor Title Co Fullerton
Barnett Morris $410,000 Fidelity National Title Co
Petz Rolf $135,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ajala Adefunke Olamide $297,000
Previous Owner Hoffman Domaradzki Cynthia J $168,750
Previous Owner Nowry Remond $100,000
Previous Owner Dominguez Callender F $159,493
Previous Owner Barnett Morris A $351,500
Previous Owner Barnett Morris $312,000
Previous Owner Petz Rolf $101,200
Closed Barnett Morris $39,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/14/2018 02/14/18 Sold $396,000 +1.8% $158 / Sq Ft
01/06/2018 01/06/18 Pending -- -- --
12/02/2017 12/02/17 For Sale $389,000 +72.9% $155 / Sq Ft
12/04/2015 12/04/15 Sold $225,000 +2.3% $90 / Sq Ft View Prior Sale
10/07/2015 10/07/15 Pending -- -- --
09/24/2015 09/24/15 For Sale $219,990 +2.3% $88 / Sq Ft
06/22/2012 06/22/12 Sold $215,000 -10.4% $86 / Sq Ft View Prior Sale
05/11/2012 05/11/12 Pending -- -- --
08/10/2011 08/10/11 For Sale $240,000 -- $96 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,028 $450,575 $68,267 $382,308
2024 $7,028 $441,741 $66,929 $374,812
2023 $6,893 $433,080 $65,617 $367,463
2022 $6,769 $424,589 $64,331 $360,258
2021 $6,659 $416,265 $63,070 $353,195
2020 $6,585 $412,238 $62,424 $349,814
2019 $6,470 $404,160 $61,200 $342,960
2018 $4,425 $234,329 $34,853 $199,476
2016 $4,207 $225,000 $33,500 $191,500
2015 $4,215 $226,438 $34,324 $192,114
2014 $4,205 $222,003 $33,652 $188,351
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17266423

California Regional Multiple Listing Service (CRMLS)

APN: 3132-007-015