$729,900
$20K PRICE DROP

Estimated payment $4,528/month

Total Views 3,007
7 Beds
3 Baths
2,800 Sq Ft
$261 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Neighborhood Views
  • Tile Countertops
  • No HOA
  • Evaporated cooling system
  • Laundry Room

About This Home

***TRIPLEX PROPERTY with an 8.0% CAP RATE*** Located in West Lancaster. Subject property offers 3 units which consists of: Unit#1 (3 bedrooms, 1 bathroom), Unit#2 (2 bedrooms, 1 bathroom), and Unit#3 (2 bedrooms, 1 bathroom). Landlord pays for water & trash. Tenants pay for electricity, and gas. Subject property features NEW EXTERIOR PAINT, and unit#3 offers NEW INTERIOR PAINT, NEW CARPET, TILE COUNTERS in the kitchen, and NEW LAMINATE FLOORING in the kitchen. There is also a detached carport for tenants. Tenants are on a month-to-month lease.

Listing Agent

Israel Sanchez

Century 21 Doug Anderson Brokerage Phone: 661-945-4521 License #01854308 Listed on: 04/14/2025

Century 21 Doug Anderson

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,968

Year Built

  • Built in 1963

Lot Details

  • 7,503 Sq Ft Lot
  • Two or More Common Walls
  • Desert faces the front and back of the property
  • Wood Fence
  • Chain Link Fence
  • Rectangular Lot

Home Design

  • Triplex
  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,800 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Range
  • Tile Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Standard Electricity

Listing and Financial Details

  • Legal Lot and Block 20 / 14
  • Tax Tract Number 2092
  • Assessor Parcel Number 3138016018
  • $1,543 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $1,400
  • Operating Expense $1,440
  • Gross Income $60,000
  • Net Operating Income $60,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,968

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 8.00
  • Price Per Unit: 243300
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1400.00
  • Zoning: LRR2*
  • Architectural Style: Traditional
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 3138016018
  • Year Built: 1963
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Stories: 1
  • Entry Location: Redwood Ave
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 260.68
  • Room Type: Family Room, Kitchen, Laundry

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Desert Back, Desert Front, Lot 6500-9999, Rectangular Lot
  • Lot Size Sq Ft: 7503.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 60000.00
  • Gross Scheduled Income: 66600.00
  • Lot Size Area: 7503.0000 Square Feet
  • Net Operating Income: 60000.00
  • 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
  • Operating Expense: 6600.00
  • Rent Control: No
  • Total Actual Rent: 5500.00
  • Total Expenses: 1440.00

Tax Info

  • Tax Block: 14
  • Tax Census Tract: 9006.07
  • Tax Lot: 20
  • Tax Tract Number: 2092
  • TaxOtherAnnualAssessmentAmount: 1543.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $5,968 $375,478 $56,889 $318,589
2024 $5,968 $368,117 $55,774 $312,343
2023 $5,863 $360,900 $54,681 $306,219
2022 $5,771 $353,824 $53,609 $300,215
2021 $5,689 $346,887 $52,558 $294,329
2020 $5,629 $343,332 $52,020 $291,312
2019 $5,540 $336,600 $51,000 $285,600
2018 $5,148 $305,000 $45,000 $260,000
2016 $3,100 $140,690 $21,102 $119,588
2015 $3,073 $138,578 $20,786 $117,792
2014 $3,095 $135,864 $20,379 $115,485
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2025 06/17/25 Price Changed $729,900 -2.7% $261 / Sq Ft
04/14/2025 04/14/25 For Sale $749,900 +145.9% $268 / Sq Ft
07/26/2017 07/26/17 Sold $305,000 -12.9% $109 / Sq Ft
05/24/2017 05/24/17 Pending -- -- --
04/19/2017 04/19/17 For Sale $350,000 -- $125 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Orange Coast Title Company
Grant Deed $305,000 Orange Coast Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $130,000 California Counties Title Co
Grant Deed $420,000 First Southwestern Title Co
Legal Action Court Order $88,000 Lawyers Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $320,000 Purchase Money Mortgage
Previous Owner $380,000 Unknown
Previous Owner $27,000 Unknown
Previous Owner $315,000 Purchase Money Mortgage
Previous Owner $238,000 Unknown
Previous Owner $175,500 Unknown
Previous Owner $124,950 Unknown
Previous Owner $25,000 Stand Alone Second
Previous Owner $87,781 FHA
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25073211

California Regional Multiple Listing Service (CRMLS)

APN: 3138-016-018