NOT LISTED FOR SALE

Estimated Value: $573,000 - $747,000

6 Beds
3 Baths
2,856 Sq Ft
$232/Sq Ft Est. Value

Last Sold November 24, 2017

Last sale price $352,500 $123 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,977/month

89 Days on Market

About This Home

As of November 2017

Nice cash flowing triplex, near downtown Lancaster. Each unit is 2 bedrooms and 1 bath and includes garages with all units. Steady and longer term tenants. FHA Approved

Last Agent to Sell the Property

Steve Rangel

MRM & Associates, REALTORS License #01356820 Listed on: 08/02/2017

Last Buyer's Agent

jon bradley

California Realty & Assoc, Inc License #01987273

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 9,381 Sq Ft Lot
  • Two or More Common Walls
  • Rural Setting
  • Lawn

Parking

  • 3 Car Garage

Home Design

  • 2,856 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 017
  • Tax Tract Number 3138
  • Assessor Parcel Number 3138004017

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $3,600
  • Operating Expense $6,000
  • Gross Income $33,600
  • Net Operating Income $33,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: LRR2*
  • Property Type: Residential Income
  • Parcel Number: 3138004017
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 123.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 9381.00

Multi Family

  • Gross Income: 33600.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 33400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 200.00
  • Rent Control: Yes
  • Total Expenses: 6000.00

Tax Info

  • New Taxes Expense: 3600.00
  • Tax Census Tract: 9006.06
  • Tax Lot: 017
  • Tax Tract Number: 3138

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2017
Closed on
Nov 1, 2017
Sold by
Vieau Andrey E
Bought by
Rucal Douglas
Seller's Agent
Steve Rangel
MRM & Associates, REALTORS
Buyer's Agent
jon bradley
California Realty & Assoc, Inc
List Price
$360,000
Sold Price
$352,500
Premium/Discount to List
-$7,500
-2.08%
Current Estimated Value
$661,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$308,821
Avg. Annual Appreciation
8.07%

Purchase Details

Listed on
Apr 23, 2011
Closed on
Apr 11, 2012
Sold by
Salgado Hector
Bought by
Vieau Audrey E
Seller's Agent
francis leary
Allied Realty Inc
Sold Price
$205,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%
Original Mortgage
$199,803
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 23, 2011
Closed on
Mar 28, 2012
Sold by
Circle Eight Investments & Services Inc
Bought by
Vieau Audrey E
Seller's Agent
francis leary
Allied Realty Inc
Sold Price
$205,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,803
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 12, 2010
Sold by
Xavier Capital Explorer Inc
Bought by
Circle Eight Investments & Services Inc

Purchase Details

Closed on
Mar 26, 2009
Sold by
Theodore A Goldberg Family Trust
Bought by
Xavier Capital Explorer Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,240
Interest Rate
5.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 13, 2009
Sold by
Goldberg Theodore A
Bought by
Theodore A Goldberg Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,240
Interest Rate
5.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2008
Sold by
Watson James
Bought by
Goldberg Theodore A and The Will Of Sally Goldberg

Purchase Details

Closed on
Aug 29, 2007
Sold by
Watson James
Bought by
Watson James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2003
Sold by
Watson James
Bought by
Watson James and Watson Shanette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
5.83%

Purchase Details

Closed on
Jan 18, 2002
Sold by
Hud
Bought by
Watson James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.75%

Purchase Details

Closed on
Oct 20, 2000
Sold by
Mission Hills Mtg Corp
Bought by
Hud

Purchase Details

Closed on
May 19, 1997
Sold by
Stevenson Delma
Bought by
Stevenson Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,615
Interest Rate
7.23%
Mortgage Type
FHA

Purchase Details

Closed on
May 14, 1997
Sold by
Home Svgs Of America Fsb
Bought by
Stevenson Delma M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,615
Interest Rate
7.23%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 21, 1996
Sold by
Shinkle Gary
Bought by
Home Svgs Of America Fsb

Purchase Details

Closed on
Oct 12, 1994
Sold by
Ku David H
Bought by
Cordes Terrell and Jones Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,800
Interest Rate
8.5%

Purchase Details

Closed on
Sep 29, 1994
Sold by
Cordes Terrell
Bought by
Shinkle Gary and Shinkle Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,800
Interest Rate
8.5%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Rucal Douglas $352,500 Western Resources Title
Vieau Audrey E -- Provident Title Company
Vieau Audrey E $205,000 Provident Title Company
Circle Eight Investments & Services Inc -- Investors Title
Xavier Capital Explorer Inc $143,000 Fidelity Van Nuys
Theodore A Goldberg Family Trust -- Fidelity Van Nuys
Goldberg Theodore A $102,892 Accommodation
Watson James -- Security Union Title Ins Co
Watson James -- Commonwealth
Watson James $116,000 First American Title Co
Watson James -- First American Title Co
Hud -- --
Mission Hills Mtg Corp $120,095 Continental Title
Stevenson Donald $110,000 Investors Title Company
Stevenson Delma M $36,000 Investors Title Company
Home Svgs Of America Fsb $48,750 Stewart Title
Cordes Terrell $75,000 Continental Land Title
Shinkle Gary $91,000 Continental Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vieau Audrey E $199,803
Previous Owner Xavier Capital Explorer Inc $130,240
Previous Owner Watson James $85,000
Previous Owner Watson James $109,000
Previous Owner Watson James $104,000
Previous Owner Stevenson Donald $109,615
Previous Owner Stevenson Delma M $32,000
Previous Owner Shinkle Gary $72,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/24/2017 11/24/17 Sold $352,500 -2.1% $123 / Sq Ft
10/30/2017 10/30/17 Pending -- -- --
10/21/2017 10/21/17 For Sale $360,000 0.0% $126 / Sq Ft
09/27/2017 09/27/17 Pending -- -- --
08/07/2017 08/07/17 For Sale $360,000 0.0% $126 / Sq Ft
08/02/2017 08/02/17 For Sale $360,000 +75.6% $126 / Sq Ft
05/20/2012 05/20/12 Sold $205,000 -- $72 / Sq Ft View Prior Sale
04/23/2011 04/23/11 Pending -- -- --
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 $6,274 $401,080 $59,733 $341,347
2024 $6,274 $393,216 $58,562 $334,654
2023 $6,162 $385,507 $57,414 $328,093
2022 $6,064 $377,949 $56,289 $321,660
2021 $5,978 $370,539 $55,186 $315,353
2019 $5,818 $359,550 $53,550 $306,000
2018 $5,721 $352,500 $52,500 $300,000
2017 $4,173 $221,860 $33,548 $188,312
2016 $4,007 $217,511 $32,891 $184,620
2015 $3,966 $214,244 $32,397 $181,847
2014 $3,967 $210,048 $31,763 $178,285
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17177562

California Regional Multiple Listing Service (CRMLS)

APN: 3138-004-017