NOT LISTED FOR SALE

44717 Gadsden Ave Lancaster, CA 93534

Central Lancaster Neighborhood

Estimated Value: $738,000 - $876,000

7 Beds
6 Baths
3,622 Sq Ft
$223/Sq Ft Est. Value

Last Sold September 23, 2015

Last sale price $360,000 $99 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $4,742/month

12 Days on Market

Highlights

  • 0.38 Acre Lot
  • Cul-De-Sac
  • Central Heating and Cooling System
  • Neighborhood Views
  • Laundry Room
  • Carpet

About This Home

As of September 2015

Rare opportunity! Not only is this an instant turnkey investment property, it also offers positive cash flow! This rare Triplex is set up with one front unit that can be used as a separate SFR (approx. 1600 sq. ft., 3 spacious bedrooms, 2 baths, kitchen, dining room, sunken living room with gas fireplace, attached 2-car garage, laundry room, backyard with a cement patio). The two back units are identical town homes (approx. 1079 sq. ft., 2 huge bedrooms, 1½ baths, kitchen, dining room, living room with gas fire place, separate carports, laundry room, private fenced side yards with cemented patios). A unique investor live-in situation: live in one, collect rent on the other two. All three units and grounds have been very well-maintained and have had recent upgrades including dual pane windows. All units have satisfied long-term tenants who would prefer to stay. Located on a quiet cul-de-sac that’s just off of the newly renovated Lancaster Blvd., which offers fine dining, shopping, social events, and much more - all adding to this rare investment opportunity!

Last Agent to Sell the Property

James Luongo

No Firm Affiliation License #01032219 Listed on: 08/21/2015

Last Buyer's Agent

Robin Banks

Teles Properties License #01814639

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.38 Acre Lot
  • 1 Common Wall
  • Cul-De-Sac

Parking

  • 2 Car Garage
  • 4 Carport Spaces

Home Design

  • Property Attached

Interior Spaces

  • 3,622 Sq Ft Home
  • Family Room with Fireplace
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 5835
  • Assessor Parcel Number 3133012020

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,320
  • Insurance Expense $1,301
  • Maintenance Expense $2,300
  • Trash Expense $930
  • Water Sewer Expense $1,020
  • New Taxes Expense $4,299
  • Gross Income $2,800
  • Net Operating Income $23,730

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1020.00
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 3133012020
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 99.39

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range
  • Heating Type: Central
  • Laundry Features: Common Area
  • Trash Expense: 930.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 16363.00
  • Price Per Lot Square Foot: 22.00
  • Lot Size Acres: 0.3760

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2800.00
  • Gross Multiplier: 10.50
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 1301.00
  • Lot Size Area: 16363.0000 Square Feet
  • Maintenance Expense: 2300.00
  • Net Operating Income: 23730.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 9870.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4299.00
  • Tax Lot: 2
  • Tax Tract Number: 5835

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2016
Sold by
Reddy Naveen C
Bought by
Marron Adolfo
Current Estimated Value
$801,119

Purchase Details

Listed on
Aug 21, 2015
Closed on
Sep 14, 2015
Sold by
Woodward Jerry F and Woodward Marianne
Bought by
Reddy Naveen C
Seller's Agent
James Luongo
No Firm Affiliation
Buyer's Agent
Robin Banks
Teles Properties
List Price
$354,900
Sold Price
$360,000
Premium/Discount to List
$5,100
1.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.12%

Purchase Details

Closed on
Jan 4, 2011
Sold by
Woodward Jerry F and Woodward Marianne
Bought by
Woodward Jerry F and Woodward Marianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,900
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2010
Sold by
Woodward Jerry F and Woodward Marianne
Bought by
Woodward Jerry F and Woodward Marianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,900
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2006
Sold by
Woodward Gerald F and Woodward Marianne
Bought by
Woodward Jerry F and Woodward Marianne

Purchase Details

Closed on
Jun 24, 2002
Sold by
Lopicolo Michael J and Lopicolo Karen E
Bought by
Woodward Gerald F and Woodward Marianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,700
Interest Rate
6.6%

Purchase Details

Closed on
Jun 18, 1999
Sold by
Stoll Charles and Stoll Donna
Bought by
Stoll Charles J and Stoll Donna Ann
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Marron Adolfo $390,000 North American Title
Reddy Naveen C $360,000 Fatcola
Woodward Jerry F -- None Available
Woodward Jerry F -- Netco Title
Woodward Jerry F -- None Available
Woodward Gerald F $228,500 First American Title Co
Stoll Charles J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Woodward Jerry F $114,900
Previous Owner Woodward Gerald F $209,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2015 09/23/15 Sold $360,000 +1.4% $99 / Sq Ft
09/02/2015 09/02/15 Pending -- -- --
08/21/2015 08/21/15 For Sale $354,900 -- $98 / 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 $7,136 $452,621 $67,892 $384,729
2024 $7,136 $443,747 $66,561 $377,186
2023 $7,000 $435,047 $65,256 $369,791
2022 $6,875 $426,518 $63,977 $362,541
2021 $6,755 $418,156 $62,723 $355,433
2020 $6,680 $413,869 $62,080 $351,789
2019 $6,564 $405,755 $60,863 $344,892
2018 $6,459 $397,800 $59,670 $338,130
2016 $5,850 $360,000 $60,000 $300,000
2015 $4,783 $270,000 $64,800 $205,200
2014 $4,299 $225,000 $54,000 $171,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    James Luongo

    No Firm Affiliation

    Section Image

  • R

    Buyer's Agent in 2015

    Robin Banks

    Teles Properties

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15185733

California Regional Multiple Listing Service (CRMLS)

APN: 3133-012-020

California Los Angeles County Lancaster 93534 Central Lancaster

44717 Gadsden Ave, Lancaster, CA

Not Listed for Sale

MultiFamily

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