NOT LISTED FOR SALE

44953 Spearman Ave Lancaster, CA 93534

Central Lancaster Neighborhood

Estimated Value: $483,894 - $542,000

3 Beds
2 Baths
1,636 Sq Ft
$310/Sq Ft Est. Value

Last Sold September 22, 2021

Last sale price $420,000 $257 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,197/month

6 Days on Market

About This Home

As of September 2021

Duplex for sale. Investment Property, both units are Rented Sec. 8. 2Br+1Ba and 1BR+1Ba with all separate gas and electric meters. Each house has its own separate hot water heater too. VERY low owner expenses and no water/utility exposure. Govt rent deposited into your account. Shared common back yard. Tenants stay. Located close to 14 fwy and schools, transportation, and shopping.

Last Agent to Sell the Property

Frank Ortiz

NATIONWIDE INVESTORS GROUP License #01268042 Listed on: 08/14/2021

Last Buyer's Agent

Kristi Turner

Century 21 Masters License #01402057

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 6,237 Sq Ft Lot
  • No Common Walls
  • Front Yard

Interior Spaces

  • 1,636 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 1 / 9
  • Tax Tract Number 2092
  • Assessor Parcel Number 3138011035

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $500
  • Water Sewer Expense $500
  • Operating Expense $2,000
  • Gross Income $40,500
  • Net Operating Income $38,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 500.00
  • Zoning: LRR2*
  • Property Type: Residential Income
  • Parcel Number: 3138011035
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 256.72

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6237.00
  • Lot Size Acres: 0.1432

Multi Family

  • Gross Income: 40500.00
  • Gross Scheduled Income: 40500.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6237.0000 Square Feet
  • Net Operating Income: 38500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2000.00
  • Rent Control: Yes
  • Total Expenses: 2000.00

Tax Info

  • Tax Block: 9
  • Tax Census Tract: 9006.06
  • Tax Lot: 1
  • Tax Tract Number: 2092

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2009
Sold by
Lawani Iyabo
Bought by
Lawani Rotimi Idowu
Current Estimated Value
$507,474

Purchase Details

Closed on
Apr 23, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Lawani Rotimi I

Purchase Details

Closed on
Aug 11, 2008
Sold by
Carradine Sherry A
Bought by
Hsbc Bank Usa Na and Fremont Home Loan Trust 2006-6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 2008
Sold by
Callaghan John
Bought by
Pike Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2008
Sold by
Carradine Sherry A
Bought by
Callaghan John

Purchase Details

Closed on
Apr 24, 2000
Sold by
Cunningham Faith and Dunbar Cleland
Bought by
Carradine Sherry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,378
Interest Rate
8.22%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 5, 1995
Sold by
Cunningham Faith E L and Cunningham Lawrence L
Bought by
Cunningham Faith
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
Lawani Rotimi Idowu -- Fidelity National Title
Lawani Rotimi I $43,000 None Available
Hsbc Bank Usa National Association $43,000 None Available
Hsbc Bank Usa Na $56,800 None Available
Washington Mutual Bank $56,800 None Available
Washington Mutual Bank $56,800 None Available
Hsbc Bank Usa Na $56,800 None Available
Pike Robert $2,000 None Available
Callaghan John $35,883 None Available
Carradine Sherry A $76,000 Fidelity National Title Co
Cunningham Faith -- Continental Land Title
Cunningham Faith -- Continental Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pike Robert $10,000
Previous Owner Carradine Sherry A $75,378
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2021 09/22/21 Sold $420,000 -4.3% $257 / Sq Ft
08/14/2021 08/14/21 For Sale $439,000 -- $268 / 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 $6,547 $445,705 $66,855 $378,850
2024 $6,311 $436,967 $65,545 $371,422
2023 $6,187 $428,400 $64,260 $364,140
2022 $6,080 $420,000 $63,000 $357,000
2021 $1,655 $51,143 $12,723 $38,420
2020 $1,644 $50,620 $12,593 $38,027
2019 $1,629 $49,629 $12,347 $37,282
2018 $1,486 $48,656 $12,105 $36,551
2016 $1,423 $46,769 $11,636 $35,133
2015 $1,414 $46,068 $11,462 $34,606
2014 $1,442 $45,167 $11,238 $33,929
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2021

    Frank Ortiz

    NATIONWIDE INVESTORS GROUP

    (626) 674-3991

    1 in this area

    9 Total Sales

    Frank Ortiz
    Section Image

  • K

    Buyer's Agent in 2021

    Kristi Turner

    Century 21 Masters

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21180183

California Regional Multiple Listing Service (CRMLS)

APN: 3138-011-035

California Los Angeles County Lancaster 93534 Central Lancaster

44953 Spearman Ave, Lancaster, CA

Not Listed for Sale

MultiFamily

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