NOT LISTED FOR SALE

508 E Lancaster Blvd Lancaster, CA 93535

East Lancaster Neighborhood

Estimated Value: $140,000 - $996,000

7 Beds
7 Baths
3,962 Sq Ft
$181/Sq Ft Est. Value

Last Sold August 29, 2012

Last sale price $335,000 $85 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $4,368/month

40 Days on Market

Highlights

  • Outdoor Pool
  • Corner Lot
  • Central Heating and Cooling System
  • 14,658 Sq Ft lot
  • Views
  • Ceiling Fan

About This Home

As of August 2012

Four Units on a large corner lot and each unit has a Large Two Car Attached Garage and laundry hookups. Three Two Bedroom, One and a half bath, Two Story units and the front is a one large bedroom, one bath and a fireplace. Stoves, dishwashers and Central Air/Heat units. Do not disburb tenants. The interior as well as the exterior is well maintained by the owners.

Last Agent to Sell the Property

Vivian Alcala

License #00865557 Listed on: 06/24/2012

Last Buyer's Agent

Out Side Agent

Desert Real Estate Consultants, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,031

Year Built

  • Built in 1983

Lot Details

  • 0.34 Acre Lot
  • Corner Lot

Home Design

  • Slab Foundation
  • Tile Roof
  • Concrete Roof
  • Stucco Exterior

Interior Spaces

  • 3,962 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Vertical Blinds
  • Living Room with Fireplace
  • Property Views

Bedrooms and Bathrooms

  • 7 Bedrooms

Pool

  • Outdoor Pool

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Property is located within a water district
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 3146005007

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,526
  • Trash Expense $99
  • Gross Income $43,740
  • Net Operating Income $33,450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,031

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Price Per Unit: 87250.00
  • Builders Tract Code: NA-LAC
  • List Price per Sq Ft: 88.09
  • Lp Sp Ratio: 0.9599
  • Water District Name: Edison
  • Year Built: 1983
  • ADA Compliant: Yes
  • Internal Listing I D: 20190608184142059082000000
  • Listing I D: 21456422
  • Listing Member Address: 14842 Dunton Dr., Whittier, CA 90604
  • Listing Member Fax: (877) 808-7978
  • Listing Office Address: 14842 Dunton Dr., Whittier, CA 90604
  • Listing Office Fax: (877) 808-7978
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: No Office Address, unassigned zip code, CA 99999
  • Selling Office Address: No Office Address, unassigned zip code, CA 99999
  • Selling Office Fax: (760) 999-9999
  • Street Direction: E
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Number Of Disposals: 4
  • Number of Ranges: 4
  • Total Bedrooms: 7
  • Half Bathrooms: 3
  • Total Bathrooms: 7.00
  • Full Bathrooms: 4
  • Laundry Equipment: Own
  • Estimated Sq Ft: 3962.00
  • Windows Treatments: Blinds, Vertical Blinds, Mini Blinds

Exterior Features

  • Construction: Stucco
  • Roofing: Concrete, Tile
  • Foundation: Slab
  • Pool: Yes
  • View: Yes
  • Paved: Yes

Utilities

  • Number Electric Meters: 5
  • Cooling Type: Ceiling Fan(s), Central Air
  • Heating: Central
  • Heating Fuel: Natural Gas
  • Water: Water District
  • Water Heater Feature: Gas
  • Number Gas Meter: 4
  • Water Heater: Yes

Lot Info

  • Assessor Parcel Number: 3146005007
  • Lot Location: Corner Lot
  • Lot Size: 14658.00

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas
  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown
  • Annual Tax: 4031.00

Multi Family

  • Number Of Dishwashers: 4
  • Total Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2012
Closed on
Jul 15, 2012
Sold by
Henrickson Thomas E and Alcala Henrickson Vivian T
Bought by
Patanyan Nerses
Seller's Agent
Vivian Alcala
Buyer's Agent
Out Side Agent
Desert Real Estate Consultants, Inc.
List Price
$369,000
Sold Price
$335,000
Premium/Discount to List
-$34,000
-9.21%
Current Estimated Value
$718,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$383,343
Avg. Annual Appreciation
5.90%
Original Mortgage
$274,928
Outstanding Balance
$190,496
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$527,847

Purchase Details

Closed on
Feb 18, 2009
Sold by
Henrickson Thomas E
Bought by
Henrickson Thomas E and Alcala Henrickson Vivian T

Purchase Details

Closed on
Dec 30, 1997
Sold by
Trust Sparks Florence J Tr Florence J Sp
Bought by
Henrickson Thomas

Purchase Details

Closed on
Dec 20, 1994
Sold by
Sparks Florence J
Bought by
Sparks Florence J and Florence J Sparks Revocable Tr
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
Patanyan Nerses $335,000 Priority Title
Henrickson Thomas E -- None Available
Henrickson Thomas -- Lawyers Title Company
Sparks Florence J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patanyan Nerses $274,928
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/29/2012 08/29/12 Sold $335,000 0.0% $85 / Sq Ft View Prior Sale
08/29/2012 08/29/12 Sold $335,000 -9.2% $85 / Sq Ft
08/03/2012 08/03/12 Pending -- -- --
08/03/2012 08/03/12 Pending -- -- --
06/24/2012 06/24/12 For Sale $369,000 +5.7% $93 / Sq Ft
05/20/2012 05/20/12 For Sale $349,000 -- $88 / Sq Ft
Source: California Desert 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 $7,262 $412,518 $61,567 $350,951
2024 $7,262 $404,430 $60,360 $344,070
2023 $7,130 $396,501 $59,177 $337,324
2022 $7,004 $388,727 $58,017 $330,710
2021 $6,876 $381,106 $56,880 $324,226
2019 $6,692 $369,804 $55,194 $314,610
2018 $6,579 $362,554 $54,112 $308,442
2016 $6,243 $348,477 $52,011 $296,466
2015 $6,168 $343,243 $51,230 $292,013
2014 $6,074 $336,520 $50,227 $286,293
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2012

    Vivian Alcala

  • U

    Buyer's Agent in 2012

    Unknown Member

  • O

    Buyer's Agent in 2012

    Out Side Agent

    Desert Real Estate Consultants, Inc.

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 21456422

California Desert Association of REALTORS®

APN: 3146-005-007

California Los Angeles County Lancaster 93535 East Lancaster

508 E Lancaster Blvd, Lancaster, CA

Not Listed for Sale

MultiFamily

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