NOT LISTED FOR SALE

44717 Gadsden Ave Lancaster, CA 93534

Central Lancaster Neighborhood

Estimated Value: $790,000 - $851,105

7 Beds
6 Baths
3,622 Sq Ft
$226/Sq Ft Est. Value

Sale Details

Date Sold: September 23, 2015

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

Est. 127% increase in value since last sale

Current estimated payment $5,031 / mo

12 Days on Market

Highlights

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

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

  • 16,363 Sq Ft 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 in unit

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

0.38 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2016
Sold by
Bought by
Current Estimated Value
$816,776

Purchase Details

Listed on
Aug 21, 2015
Closed on
Sep 14, 2015
Sold by
Bought by
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
7.93%

Purchase Details

Closed on
Jan 4, 2011
Sold by
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Jun 24, 2002
Sold by
Bought by

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
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$390,000 North American Title
$360,000 Fatcola
-- None Available
-- Netco Title
-- None Available
$228,500 First American Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,531 $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

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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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