NOT LISTED FOR SALE

44740 Gadsden Ave Lancaster, CA 93534

Central Lancaster Neighborhood

Estimated Value: $652,000 - $722,000

6 Beds
3 Baths
2,416 Sq Ft
$281/Sq Ft Est. Value

Last Sold July 25, 2023

Last sale price $635,000 $263 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,296/month

20 Days on Market

Highlights

  • View of Hills
  • Bungalow
  • West Facing Home
  • Double Pane Windows
  • Evaporated cooling system

About This Home

As of July 2023

Welcome to this beautifully remodeled triplex, a fantastic investment opportunity that combines modern living with income-generating potential. Situated one block south of W. Lancaster Blvd, this property offers three separate units, each with its own separate meters and laundry. Large parking lot and three individual single car garages. A convenient location surrounded by entertainment, restaurants, shops, and cultural centers. This triplex offers an excellent opportunity for generating income, as each unit can be rented out individually. Whether you're an investor looking for a lucrative rental property or a homeowner seeking the perfect combination of modern living and rental income, this freshly remodeled triplex is the ideal choice. Don't miss out on this incredible opportunity. Be advised improvements are being made to the property at the time of listing and may cause inconvenience to showing. Broker and Broker's agent(s) do not represent or guarantee the accuracy of the square footage, bedroom/bathroom count, lot size or lot dimensions, permitted or un-permitted spaces, or other information concerning the conditions or features of the property. Buyer/Tenant is advised to independently verify the accuracy of all information through personal inspection and with appropriate licensed professionals, to satisfy themselves and rely only on same. Schedule a viewing today and envision yourself living in one unit while enjoying the financial benefits of the remaining units.

Last Agent to Sell the Property

Brian Lee

Nourmand & Associates-HW License #01989050 Listed on: 05/24/2023

Last Buyer's Agent

Toyia Jackson

Michael Brown, Broker License #01872939

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953 | Remodeled

Lot Details

  • 7,973 Sq Ft Lot
  • West Facing Home

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage
  • Driveway

Home Design

  • Bungalow
  • Split Level Home

Interior Spaces

  • 2,416 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Views of Hills

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms
  • Low Flow Toliet

Laundry

  • Laundry Located Outside
  • Gas Dryer Hookup

Utilities

  • Evaporated cooling system
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 3133-011-013

Property Details

Home Type

Multi-Family

Year Built

Built in 1953 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 2416
  • Lot Acreage: 0.1830
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1953
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Common Walls: Attached
  • Bathroom Features: Low Flow Toilet(s)
  • Laundry: Outside
  • Total Bathrooms: 3.00
  • Equipment: Gas Dryer Hookup
  • Price Per S Q F T: 289.74
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: West
  • Other Structures: Accessory Bldgs
  • View: Hills
  • View: Yes

Garage/Parking

  • Garage Spaces: 3
  • Other Spaces: 3
  • Garage Structures: 1
  • Parking Garage: Driveway, Garage - 3 Car
  • Total Parking: 6

Utilities

  • Water Heater: Gas
  • Cooling: Evaporative
  • Heating: Wall
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 1
  • Sewer: In Street
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 85.00
  • Assessed Improvement Value: 321660
  • Assessed Land Percent: 15
  • Assessed Land Value: 56763
  • Total Assessed Value: 378423
  • Assessor Parcel Number: 3133-011-013
  • Lot Size Area: 7973

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.90
  • Number Of Units: 3
  • Type Of Units: Residential

Tax Info

  • Tax Expense: 10000.00
  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2023
Closed on
Jul 5, 2023
Sold by
Farahnik Hemla
Bought by
Myles-Brown Ryan
Seller's Agent
Brian Lee
Nourmand & Associates-HW
Buyer's Agent
Toyia Jackson
Michael Brown, Broker
List Price
$700,000
Sold Price
$635,000
Premium/Discount to List
-$65,000
-9.29%
Views
84
Current Estimated Value
$679,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,501
Avg. Annual Appreciation
2.75%
Original Mortgage
$581,501
Outstanding Balance
$560,168
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$119,333

Purchase Details

Closed on
Dec 17, 2018
Sold by
Farahnik Cyrus
Bought by
Farahnik Hemla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,600
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 26, 2018
Sold by
Wood Jiommie L and The Wood Trust
Bought by
Farahnik Hemla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,600
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 2, 2009
Sold by
Wood Jimmie L
Bought by
Wood Jimmie L and Wood Trust

Purchase Details

Closed on
Jan 7, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Wood Jimmie L

Purchase Details

Closed on
Sep 15, 2008
Sold by
Mckinney Evans Secela
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
Jul 1, 2005
Sold by
Evans Dwayne B
Bought by
Mckinney Evans Secela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
5.55%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 11, 2005
Sold by
Morrison Max M and Morrison Leticia E
Bought by
Mckinney Evans Secela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
6.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 15, 2003
Sold by
Valdez Eric and Corso Christina
Bought by
Morrison Max M and Morrison Leticia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,800
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 4, 2001
Sold by
Borrego Scheila Adriana and Borrego Michael R
Bought by
Valdez Eric and Corso Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,600
Interest Rate
8.5%

Purchase Details

Closed on
May 21, 2001
Sold by
Ramos Amparo Patricia
Bought by
Borrego Scheila Adriana

Purchase Details

Closed on
Jul 15, 1999
Sold by
Borrego Michael R
Bought by
Ramos Amparo Patricia

Purchase Details

Closed on
Apr 8, 1999
Sold by
Ramos Amparo Patricia
Bought by
Borrego Michael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.1%

Purchase Details

Closed on
Jun 12, 1998
Sold by
Hud
Bought by
Borrego Michael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
6.93%

Purchase Details

Closed on
Dec 8, 1997
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Hud

Purchase Details

Closed on
Aug 27, 1997
Sold by
Pearcy Karl F and Pearcy Linda D
Bought by
Federal Home Loan Mortgage Corporation
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
Myles-Brown Ryan $635,000 Lawyers Title
Farahnik Hemla -- First American Title Company
Farahnik Hemla $300,000 First American Title Company
Wood Jimmie L -- None Available
Wood Jimmie L $105,000 California Title Company
Hsbc Bank Usa Na $306,825 Servicelink
Mckinney Evans Secela -- Fidelity National Title Co
Mckinney Evans Secela $410,000 Fidelity National Title Co
Morrison Max M $220,000 Chicago Title Co
Valdez Eric $124,000 Fidelity National Title Co
Borrego Scheila Adriana -- --
Ramos Amparo Patricia -- --
Borrego Michael R -- Stewart Title
Borrego Michael R $42,000 --
Hud -- North American Title
Federal Home Loan Mortgage Corporation $100,002 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Myles-Brown Ryan $581,501
Previous Owner Farahnik Hemla $243,600
Previous Owner Mckinney Evans Secela $82,000
Previous Owner Mckinney Evans Secela $287,000
Previous Owner Morrison Max M $195,800
Previous Owner Valdez Eric $111,600
Previous Owner Borrego Michael R $75,000
Previous Owner Borrego Michael R $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2023 07/25/23 Sold $635,000 -9.3% $263 / Sq Ft
06/13/2023 06/13/23 Pending -- -- --
05/24/2023 05/24/23 For Sale $700,000 -- $290 / 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 $9,340 $647,700 $162,180 $485,520
2024 $9,340 $635,000 $159,000 $476,000
2023 $6,319 $385,991 $57,898 $328,093
2022 $6,207 $378,423 $56,763 $321,660
2021 $6,105 $371,003 $55,650 $315,353
2020 $6,038 $367,200 $55,080 $312,120
2019 $3,073 $121,203 $24,237 $96,966
2018 $3,034 $118,827 $23,762 $95,065
2016 $2,896 $114,215 $22,841 $91,374
2015 $2,869 $112,500 $22,498 $90,002
2014 $2,890 $110,297 $22,058 $88,239
Source: Public Records

Agents Affiliated with this Home

  • Brian Lee

    Seller's Agent in 2023

    Brian Lee

    Nourmand & Associates-HW

    (424) 333-0669

    1 in this area

    11 Total Sales

    Brian Lee
    Section Image

  • T

    Buyer's Agent in 2023

    Toyia Jackson

    Michael Brown, Broker

    Section Image
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Map

Source: The MLS

MLS Number: 23-273725

The MLS

APN: 3133-011-013

California Los Angeles County Lancaster 93534 Central Lancaster

44740 Gadsden Ave, Lancaster, CA

Not Listed for Sale

MultiFamily

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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