NOT LISTED FOR SALE

Estimated Value: $851,000

8 Beds
6 Baths
3,194 Sq Ft
$266/Sq Ft Est. Value

Last Sold July 05, 2023

Last sale price $705,000 $221 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,628/month

11 Days on Market

About This Home

As of July 2023

Are you ready for an incredible opportunity that simply cannot be missed? We're talking about a prime piece of real estate that is packed with development potential and offers not one, not two, but three adjacent parcels that could be all yours! Picture this: a front lot that features six gorgeous residential units that are just waiting for someone with the vision to transform them into something truly special. And that's just the beginning - this amazing package also includes two other lots (APN 3122-017-027, 028, 008) that add up to a total of 33,000 square feet! Located in the heart of the revitalized downtown Lancaster area, this property is surrounded by a wealth of fantastic amenities, including top-notch restaurants, trendy retail stores, and state-of-the-art healthcare facilities. It's the perfect location for anyone who wants to be right in the middle of all the action! Now, here's the best part: this incredible opportunity can be yours - but you have to act fast. So, hop in your car and take a drive by this amazing property today. And remember, please do not disturb the tenants - this is an opportunity you won't want to miss!

Last Agent to Sell the Property

Yigal Hassid

Power Brokers License #01046797 Listed on: 03/31/2023

Last Buyer's Agent

Yigal Hassid

Power Brokers License #01046797 Listed on: 03/31/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,178

Year Built

  • Built in 1948

Lot Details

  • 8,594 Sq Ft Lot

Parking

  • Direct Access Garage

Home Design

  • 3,194 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Dryer
  • Washer

Community Details

  • Association fees include alarm system
  • 4 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 3122-017-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,178

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3194
  • Lot Acreage: 0.1973
  • Probate: No
  • Year Built: 1948
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 6.00
  • Equipment: Dryer, Washer
  • Price Per S Q F T: 237.95

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Direct Entrance

Condo/Co-op/Association

  • Association Fees Include: Alarm System

Lot Info

  • Assessed Improvement Percent: 80.95
  • Assessed Improvement Value: 321934
  • Assessed Land Percent: 19.05
  • Assessed Land Value: 75744
  • Total Assessed Value: 397678
  • Assessor Parcel Number: 3122-017-027
  • Lot Size Area: 8594

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 19.24
  • Number Of Units: 6
  • Total Annual Expense: 37066.50
  • Type Of Units: Income
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2023
Closed on
Jun 29, 2023
Sold by
Azulay Maimon
Bought by
Azulay Ester
Seller's Agent
Yigal Hassid
Power Brokers
Buyer's Agent
Yigal Hassid
Power Brokers
List Price
$760,000
Sold Price
$705,000
Premium/Discount to List
-$55,000
-7.24%
Views
50
Current Estimated Value
$851,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,000
Avg. Annual Appreciation
8.68%

Purchase Details

Closed on
Apr 20, 2023
Sold by
Azulay Ester
Bought by
44641 10Th Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2005
Sold by
Azulay Ester
Bought by
Azulay Maimon

Purchase Details

Closed on
Aug 3, 2005
Sold by
Abeywardena Nimal and Suraweera Shantha Lakshman
Bought by
Azulay Maimon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
5.67%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 21, 2004
Sold by
Suraweera Bernadette Rohini
Bought by
Suraweera Shantha Laksman

Purchase Details

Closed on
Mar 17, 2004
Sold by
The Kadivar Family Trust
Bought by
Abeywardena Nimal and Suraweera Shantha Lakshman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
5.86%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 15, 1996
Sold by
Kadivar E Steve and Kadivar Esfandiar
Bought by
Kadivar Esfandiar and The Kadivar Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Azulay Ester -- --
44641 10Th Street Llc $705,000 Progressive Title Company
Azulay Maimon -- Fidelity National Title Co
Azulay Maimon $450,000 Fidelity Van Nuys
Suraweera Shantha Laksman -- Fidelity National Title Co
Abeywardena Nimal -- Fidelity National Title Co
Abeywardena Nimal $285,000 Fidelity National Title Co
Kadivar Esfandiar -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 44641 10Th Street Llc $400,000
Previous Owner Azulay Maimon $70,000
Previous Owner Abeywardena Nimal $213,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2023 07/05/23 Sold $705,000 -7.2% $221 / Sq Ft
04/11/2023 04/11/23 Pending -- -- --
03/31/2023 03/31/23 For Sale $760,000 -- $238 / Sq Ft
Source: The MLS

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 $13,178 $650,250 $93,636 $556,614
2024 $13,178 $637,500 $91,800 $545,700
2023 $10,452 $413,742 $78,803 $334,939
2022 $10,321 $405,630 $77,258 $328,372
2021 $10,195 $397,678 $75,744 $321,934
2019 $10,005 $385,885 $73,499 $312,386
2018 $9,496 $378,319 $72,058 $306,261
2016 $6,545 $363,630 $69,261 $294,369
2015 $6,471 $358,169 $68,221 $289,948
2014 $6,442 $351,154 $66,885 $284,269
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-255915

The MLS

APN: 3122-017-027