NOT LISTED FOR SALE

Estimated Value: $777,000 - $957,000

8 Beds
7 Baths
3,940 Sq Ft
$218/Sq Ft Est. Value

Last Sold December 22, 2021

Last sale price $770,000 $195 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,654/month

17 Days on Market

Highlights

  • Ground Level Unit
  • Fenced Yard
  • Bathtub with Shower
  • Contemporary Architecture
  • 4 Car Attached Garage
  • Air Conditioning

About This Home

As of December 2021

All Investors welcome!! This 4-unit property is a fully occupied income property close to the Downtown area in Lancaster! This is a gated property with garage parking, driveway and street parking. One garage is being rented for additional $80/month. ALL units are currently tenant occupied. Drive by viewings are welcome, but please do not disturb the tenants.

Last Agent to Sell the Property

Mia Melle

HxP Real Estate, Inc. License #01382073 Listed on: 10/15/2021

Last Buyer's Agent

Damien Melle

MODERN REAL ESTATE SHOP License #01382073

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,026

Year Built

  • Built in 1981

Lot Details

  • 8,194 Sq Ft Lot
  • Fenced Yard
  • Gated Home

Parking

  • 4 Car Attached Garage
  • Driveway
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Stucco

Interior Spaces

  • 3,940 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Property Views

Kitchen

  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms
  • Bathtub with Shower

Location

  • Ground Level Unit

Utilities

  • Air Conditioning
  • Central Heating
  • Gas Water Heater

Community Details

  • 4 Units
  • Laundry Facilities
  • Vacancy Allowance $2,770

Listing and Financial Details

  • Assessor Parcel Number 3120-012-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,026

Year Built

Built in 1981

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: Ground Level, Top Level
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3940
  • Lot Acreage: 0.1881
  • Stories: 2
  • Year Built: 1981
  • Number Of Photos: 45
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Common Walls: Attached
  • Bathroom Features: Shower and Tub
  • Kitchen Features: Tile Counters
  • Laundry: Community
  • Total Bathrooms: 7.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 190.36

Exterior Features

  • Construction: Stucco
  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Fields
  • View: Yes

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Attached, Assigned, Driveway, Driveway - Concrete
  • Total Parking: 4

Utilities

  • Water Heater: Gas
  • Cooling: Ceiling Fan, Air Conditioning
  • Heating: Central
  • Security: Gated
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Percent: 84.89
  • Assessed Improvement Value: 397432
  • Assessed Land Percent: 15.11
  • Assessed Land Value: 70747
  • Total Assessed Value: 468179
  • Assessor Parcel Number: 3120-012-013
  • Lot Description: Fenced Yard, Alley Paved, Sidewalks, Street Paved, Street Lighting, Street Asphalt
  • Lot Location: Alley Access
  • Lot Size Area: 8194

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 11.28
  • Number Of Units: 4
  • Total Annual Expense: 25122
  • Type Of Units: Apartment
  • Vacancy Allow: 2770
  • Vacancy Rate: 0.5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2021
Closed on
Dec 2, 2021
Sold by
Fair Marquith J and Fair Lelis P
Bought by
Gomez Uvaldo and Bonilla Luz M
Seller's Agent
Mia Melle
HxP Real Estate, Inc.
Buyer's Agent
Damien Melle
MODERN REAL ESTATE SHOP
List Price
$750,000
Sold Price
$770,000
Premium/Discount to List
$20,000
2.67%
Current Estimated Value
$860,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,432
Avg. Annual Appreciation
3.04%
Original Mortgage
$577,500
Outstanding Balance
$456,843
Interest Rate
2.27%
Mortgage Type
New Conventional
Estimated Equity
$403,589

Purchase Details

Closed on
Mar 27, 2019
Sold by
Fair Marquith J and Fair Marquith Jermaine
Bought by
Fair Marquith J and Fair Lelis P

Purchase Details

Closed on
Mar 28, 2018
Sold by
Diego Anabella and Diego Alvaro
Bought by
Fair Marquith Jermaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2018
Sold by
Henriquez Lelis
Bought by
Fair Marquith Jermaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2007
Sold by
Diego Hortencia
Bought by
Diego Alvaro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
6.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2004
Sold by
Diego Hortencia
Bought by
Diego Alvaro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,400
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 19, 2004
Sold by
Antico Dominic and Antico Florence
Bought by
Diego Alvaro and Diego Ana Bella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,400
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2003
Sold by
Antico Dominic and Antico Florence
Bought by
Antico Dominic and Antico Florence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,500
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2000
Sold by
Antico Dominic and Antico Florence
Bought by
Antico Dominic and Antico Florence

Purchase Details

Closed on
Feb 4, 1999
Sold by
Venture Investment Properties Llc
Bought by
Antico Dominic and Antico Florence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,397
Interest Rate
6.94%
Mortgage Type
VA

Purchase Details

Closed on
Dec 2, 1998
Sold by
Rodriquez Al and Rodriquez Ana
Bought by
Venture Investment Properties Llc

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
6.63%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 17, 1998
Sold by
Rodriquez Al and Rodriquez Ana
Bought by
Cespedes Carlos

Purchase Details

Closed on
Aug 8, 1995
Sold by
Rodriguez Al and Rodriguez Ana
Bought by
Rodriguez Al and Rodriguez Ana
Source: Public Records

Range of Values:

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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
Gomez Uvaldo $770,000 First American Title Company
Fair Marquith J -- None Available
Fair Marquith Jermaine $450,000 Stewart Title Of California
Fair Marquith Jermaine -- Stewart Title Westlake Villa
Diego Alvaro -- Alliance Title Company
Diego Alvaro -- Lawyers Title
Diego Alvaro $490,500 Lawyers Title Company
Antico Dominic -- California Title
Antico Dominic -- California Title
Antico Dominic -- --
Antico Dominic $150,000 Investors Title Company
Venture Investment Properties Llc $91,800 Old Republic Title Company
Cespedes Carlos -- --
Rodriguez Al -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Uvaldo $577,500
Previous Owner Fair Marquith Jermaine $337,500
Previous Owner Diego Alvaro $435,000
Previous Owner Diego Alvaro $50,247
Previous Owner Diego Alvaro $392,400
Previous Owner Antico Dominic $192,500
Previous Owner Antico Dominic $154,397
Previous Owner Venture Investment Properties Llc $25,000
Previous Owner Venture Investment Properties Llc $68,850
Closed Diego Alvaro $49,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2021 12/22/21 Sold $770,000 +2.7% $195 / Sq Ft
11/24/2021 11/24/21 For Sale $750,000 0.0% $190 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
10/22/2021 10/22/21 Pending -- -- --
10/15/2021 10/15/21 For Sale $750,000 -- $190 / 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 $12,026 $817,129 $122,038 $695,091
2024 $12,026 $801,108 $119,646 $681,462
2023 $11,784 $785,400 $117,300 $668,100
2022 $11,565 $770,000 $115,000 $655,000
2021 $7,981 $473,028 $71,479 $401,549
2019 $7,759 $459,000 $69,360 $389,640
2018 $7,349 $427,000 $95,800 $331,200
2016 $6,787 $395,000 $88,600 $306,400
2015 $6,033 $332,000 $74,500 $257,500
2014 $5,582 $295,000 $66,100 $228,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-795192

The MLS

APN: 3120-012-013