NOT LISTED FOR SALE

502 E Avenue q4 Palmdale, CA 93550

East Palmdale Neighborhood

Estimated Value: $769,082 - $802,000

8 Beds
4 Baths
3,120 Sq Ft
$250/Sq Ft Est. Value

Last Sold March 11, 2024

Last sale price $750,000 $240 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,612/month

5 Days on Market

About This Home

As of March 2024

Great Investment Opportunity! This Apartment Building is located in the developing Palmdale Transit Area, nearby schools, shops, transportation and metro station. This apartment complex is fully fenced and gated, All units have been updated and are well maintained., the building was painted in 2020 (exterior) and the roof was replaced on 2018 also the plumbing was upgraded to copper in 2019. These 4 units are next to an identical fourplex making this total Apartment Complex of 8 (the other fourplex is 508 E Ave Q4 and is listed separately) Hard to find opportunity!

Last Agent to Sell the Property

Carlos Orellana

BGA Properties Inc. License #01940274 Listed on: 01/19/2024

Last Buyer's Agent

Carlos Orellana

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 7,405

Home Design

  • 3,120 Sq Ft Home
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • 7,405 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 3008-013-031

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • House Faces: E
  • Directions To Property: Going East on Palmdale Blvd, turn Left on 5th St E to the property
  • Income Producing: Yes
  • Listing Member Name: Carlos Orellana
  • Lot Measurement: SqFt
  • Prop. Type: Multi-Family
  • Sp Percent Lp: 1.00
  • Square Footage: 3120.00
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Unit: 187500.00
  • Total Bathrooms: 4.00

Exterior Features

  • Exterior Construction: Stucco, Wood

Utilities

  • Cooling Type: Central Air/Refrig
  • HeatingTypes: Central Heat/Elec

Condo/Co-op/Association

  • Units in Building: 4

Lot Info

  • Lot Acres: 0.17
  • Zoning: PDR3

Tax Info

  • Assessor Parcel Number: 3008-013-031

Multi Family

  • Number2 Bedroom Units: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2024
Closed on
Jan 24, 2024
Sold by
Mohill Holdings Lp
Bought by
Jain Rohit and Jain Shubha
Seller's Agent
Carlos Orellana
BGA Properties Inc.
Buyer's Agent
Carlos Orellana
List Price
$750,000
Sold Price
$750,000
Views
13
Current Estimated Value
$781,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,271
Avg. Annual Appreciation
2.24%
Original Mortgage
$525,000
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2020
Sold by
Raysack Holdings Llc
Bought by
Cloone Holdings Llc

Purchase Details

Closed on
Sep 24, 2008
Sold by
Asatrian Natalie
Bought by
Davtyan Alfred

Purchase Details

Closed on
Jul 18, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Davtyan Alfred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 2008
Sold by
Ross Dennis
Bought by
Deutsche Bank National Trust Co and Securitized Asset Backed Receivables Llc

Purchase Details

Closed on
Sep 5, 2006
Sold by
Render Jimmy
Bought by
Ross Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2001
Sold by
Mccully Melody A
Bought by
Render Jimmy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,452
Interest Rate
7.09%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 5, 2001
Sold by
Mcwhorter Patrick M and Kleidosty Robert
Bought by
Render Jimmy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,452
Interest Rate
7.09%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 26, 2001
Sold by
Kimbrough Kenneth L
Bought by
Mcwhorter Patrick M and Kleidosty Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
7.06%

Purchase Details

Closed on
Aug 31, 1994
Sold by
Home Svgs Of America Fsb
Bought by
Kimbrough Kenneth L
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
Jain Rohit $750,000 Provident Title Company
Cloone Holdings Llc -- None Available
Davtyan Alfred -- Chicago Title Company
Davtyan Alfred $310,000 Chicago Title Company
Deutsche Bank National Trust Co $444,665 None Available
Ross Dennis $540,000 Gateway Title Company
Render Jimmy -- Fidelity National Title Co
Render Jimmy $132,500 Fidelity National Title Co
Mcwhorter Patrick M $85,000 Fidelity National Title Co
Kleidosty Robert -- Fidelity National Title Co
Mcwhorter Patrick M -- Fidelity National Title Co
Kimbrough Kenneth L $50,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jain Rohit $525,000
Previous Owner Davtyan Alfred $248,000
Previous Owner Ross Dennis $486,000
Previous Owner Render Jimmy $130,452
Previous Owner Mcwhorter Patrick M $54,000
Closed Mcwhorter Patrick M $24,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2024 03/11/24 Sold $750,000 0.0% $240 / Sq Ft
01/24/2024 01/24/24 Pending -- -- --
01/19/2024 01/19/24 For Sale $750,000 -- $240 / Sq Ft
Source: Greater Antelope Valley Association of REALTORS®

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 $6,320 $765,000 $229,500 $535,500
2024 $6,320 $301,809 $75,449 $226,360
2023 $6,289 $295,892 $73,970 $221,922
2022 $6,071 $290,091 $72,520 $217,571
2021 $5,932 $284,404 $71,099 $213,305
2020 $5,835 $281,488 $70,370 $211,118
2019 $5,778 $275,970 $68,991 $206,979
2018 $5,702 $270,560 $67,639 $202,921
2016 $5,370 $260,056 $65,013 $195,043
2015 $5,323 $256,151 $64,037 $192,114
2014 $5,281 $251,134 $62,783 $188,351
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Carlos Orellana

    BGA Properties Inc.

    (866) 768-2616

    21 in this area

    58 Total Sales

    Carlos Orellana
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Map

Source: Greater Antelope Valley Association of REALTORS®

MLS Number: 24000512

Greater Antelope Valley Association of REALTORS®

APN: 3008-013-031

California Los Angeles County Palmdale 93550 East Palmdale

502 E Avenue q4, Palmdale, CA

Not Listed for Sale

MultiFamily

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