NOT LISTED FOR SALE

515 E Avenue q5 Palmdale, CA 93550

East Palmdale Neighborhood

Estimated Value: $583,489 - $773,000

8 Beds
4 Baths
3,120 Sq Ft
$216/Sq Ft Est. Value

Last Sold December 30, 2014

Last sale price $314,000 $101 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $4,116/month

62 Days on Market

About This Home

As of December 2014

STANDARD SALE 4 PLEX in Palmdale , Each unit has 2 bedrooms and One bath each unit is about 780 square feet. These units have laminate wood flooring and some with carpet in the bedrooms and tile in bathrooms. Located on a cul-de-sac in East Palmdale close to Metrolink station, City Hall, shopping, public transportation and elementary school. Units have new windows, recently painted and are in excellent condition with good paying tenants. Private driveway entrance and off-street parking located on property. Great investment opportunity.

Last Agent to Sell the Property

Ramona Benjamin

Benjamin & Associates Financial Srvcs License #01330661 Listed on: 09/03/2014

Last Buyer's Agent

Deanna Goodwin Mouser

Real Brokerage Technologies, Inc. License #01923099

Real Brokerage Technologies, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 7,144 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Slab Foundation
  • Rolled or Hot Mop Roof

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • 3 Carport Spaces
  • Parking Available
  • Unassigned Parking

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 230
  • Tax Tract Number 19561
  • Assessor Parcel Number 3008013028

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,920
  • Trash Expense $720
  • Water Sewer Expense $720
  • New Taxes Expense $2,800
  • Gross Income $2,600
  • Net Operating Income $28,740

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 720.00
  • Property Type: Residential Income
  • Parcel Number: 3008013028
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 100.64

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Rolled/Hot Mop

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7144.00
  • Price Per Lot Square Foot: 43.95
  • Lot Size Acres: 0.1640

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average2 Bed Area: 780
  • Gross Income: 2600.00
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1920.00
  • Lot Size Area: 7144.0000 Square Feet
  • Net Operating Income: 28740.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 2460.00
  • Rent Control: No
  • Total Actual Rent: 2600.00

Tax Info

  • New Taxes Expense: 2800.00
  • Tax Lot: 230
  • Tax Tract Number: 19561
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2023
Sold by
515 East Avenue Qs Trust
Bought by
515 East Avenue Q5 Trust and Coons
Current Estimated Value
$674,372

Purchase Details

Listed on
Sep 3, 2014
Closed on
Jan 5, 2015
Sold by
Hakopian Marine
Bought by
Hakopian Marine
Seller's Agent
Ramona Benjamin
Benjamin & Associates Financial Srvcs
Buyer's Agent
Deanna Goodwin Mouser
Real Brokerage Technologies, Inc.
List Price
$299,000
Sold Price
$314,000
Premium/Discount to List
$15,000
5.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.18%
Original Mortgage
$235,500
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 3, 2014
Closed on
Dec 28, 2014
Sold by
Thomas Tessy Sara
Bought by
Varghese Binu K
Seller's Agent
Ramona Benjamin
Benjamin & Associates Financial Srvcs
Buyer's Agent
Deanna Goodwin Mouser
Real Brokerage Technologies, Inc.
List Price
$299,000
Sold Price
$314,000
Premium/Discount to List
$15,000
5.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,500
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 3, 2014
Closed on
Dec 23, 2014
Sold by
Hakopian Marine
Bought by
Varghese Binu K
Seller's Agent
Ramona Benjamin
Benjamin & Associates Financial Srvcs
Buyer's Agent
Deanna Goodwin Mouser
Real Brokerage Technologies, Inc.
List Price
$299,000
Sold Price
$314,000
Premium/Discount to List
$15,000
5.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,500
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 6, 2013
Closed on
Apr 22, 2013
Sold by
Lilly James
Bought by
Hakopian Marine
Seller's Agent
DeRain Horton
Re/Max All-Pro
List Price
$239,000
Sold Price
$250,000
Premium/Discount to List
$11,000
4.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.26%
Original Mortgage
$225,834
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 11, 2011
Sold by
Lilly Rosalind
Bought by
Lilly James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
4.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2011
Sold by
Hawkins Clarence
Bought by
Lilly James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
4.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2007
Sold by
Stevens Ron E and Stevens Yvonne
Bought by
Hawkins Clarence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
9%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 10, 1999
Sold by
Hud
Bought by
Stevens Ron and Stevens Yvonne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,800
Interest Rate
3.35%

Purchase Details

Closed on
Mar 18, 1997
Sold by
Bank United
Bought by
Hud

Purchase Details

Closed on
Mar 14, 1997
Sold by
Dipietro John and Bank United
Bought by
Bank United

Purchase Details

Closed on
Nov 5, 1996
Sold by
Western Federal Financial
Bought by
Dipietro John and Dipietro Madelene

Purchase Details

Closed on
Jul 28, 1996
Sold by
Dipietro John and Dipietro Madelene
Bought by
Western Federal Financial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
515 East Avenue Q5 Trust -- None Listed On Document
Hakopian Marine -- Lawyers Title
Varghese Binu K -- Lawyers Title
Varghese Binu K $314,000 Lawyers Title Company
Hakopian Marine $230,000 Chicago Title Company
Lilly James -- Chicago Title Company
Lilly James $165,000 Chicago Title Company
Hawkins Clarence $550,000 Orange Coast Title Company
Stevens Ron $71,000 First American Title
Hud -- Benefit Land Title Ins Co
Bank United $115,826 Benefit Land Title Ins Co
Dipietro John -- --
Western Federal Financial -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Varghese Binu K $235,500
Previous Owner Hakopian Marine $225,834
Previous Owner Lilly James $123,750
Previous Owner Hawkins Clarence $412,500
Previous Owner Stevens Ron $56,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2014 12/30/14 Sold $314,000 +5.0% $101 / Sq Ft
11/04/2014 11/04/14 Pending -- -- --
09/03/2014 09/03/14 For Sale $299,000 +19.6% $96 / Sq Ft
04/15/2013 04/15/13 Sold $250,000 +4.6% $80 / Sq Ft View Prior Sale
03/14/2013 03/14/13 Pending -- -- --
03/06/2013 03/06/13 For Sale $239,000 -- $77 / 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 $7,075 $377,369 $56,481 $320,888
2024 $7,075 $369,971 $55,374 $314,597
2023 $7,014 $362,718 $54,289 $308,429
2022 $6,770 $355,607 $53,225 $302,382
2021 $6,614 $348,635 $52,182 $296,453
2019 $6,448 $338,296 $50,635 $287,661
2018 $6,361 $331,664 $49,643 $282,021
2016 $5,962 $318,787 $47,716 $271,071
2015 $5,070 $234,594 $58,648 $175,946
2014 $5,031 $230,000 $57,500 $172,500
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Ramona Benjamin

    Benjamin & Associates Financial Srvcs

    Section Image
  • Deanna Goodwin Mouser

    Buyer's Agent in 2014

    Deanna Goodwin Mouser

    Real Brokerage Technologies, Inc.

    (818) 239-3500

    31 Total Sales

    Deanna Goodwin Mouser
    Section Image

  • D

    Seller's Agent in 2013

    DeRain Horton

    RE/MAX

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14190084

California Regional Multiple Listing Service (CRMLS)

APN: 3008-013-028

California Los Angeles County Palmdale 93550 East Palmdale

515 E Avenue q5, Palmdale, CA

Not Listed for Sale

MultiFamily

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