NOT LISTED FOR SALE
1 Bed
1 Bath
5,300 Sq Ft
16,640 Sq Ft

Last Sold April 07, 2016

Last sale price $540,000 $102 Per Sq Ft

28 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Carpet
  • 0.38 Acre Lot
  • Laundry Room
  • 1-Story Property

About This Home

As of April 2016

10 units in nice area of Palmdale close to shops and freeway access. All 1+1 and some recently rehabbed.Individual electric meters, off street parking

Last Agent to Sell the Property

Ricardo Acevedo

No Firm Affiliation License #01719407 Listed on: 02/08/2016

Last Buyer's Agent

Ricardo Acevedo

No Firm Affiliation License #01719407 Listed on: 02/08/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.38 Acre Lot
  • No Units Above
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 5,300 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 10 Parking Spaces
  • Parking Available
  • Unassigned Parking

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 3009010007

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Professional Management Expense $2,760
  • Trash Expense $2,066
  • Water Sewer Expense $966
  • New Taxes Expense $7,487
  • Gross Income $40,000
  • Net Operating Income $40,750

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0.38 Acres

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 2760.00
  • Property Attached: Yes
  • Water Sewer Expenses: 966.00
  • Property Type: Residential Income
  • Parcel Number: 3009010007
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 101.89
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 2066.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 6-10 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 16643.00
  • Price Per Lot Square Foot: 32.45
  • Lot Size Acres: 0.3820

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 40000.00
  • Gross Scheduled Income: 81000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 16643.0000 Square Feet
  • Net Operating Income: 40750.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 10
  • Operating Expense: 20000.00
  • Rent Control: No
  • Total Actual Rent: 3545.00

Tax Info

  • New Taxes Expense: 7487.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/07/2016 04/07/16 Sold $540,000 0.0% $102 / Sq Ft View Prior Sale
04/07/2016 04/07/16 Sold $540,000 -9.8% $102 / Sq Ft
03/08/2016 03/08/16 Pending -- -- --
03/07/2016 03/07/16 Pending -- -- --
02/08/2016 02/08/16 For Sale $599,000 0.0% $113 / Sq Ft
09/25/2015 09/25/15 For Sale $599,000 0.0% $113 / Sq Ft
03/12/2014 03/12/14 Rented $550 -8.3% --
03/10/2014 03/10/14 Under Contract -- -- --
02/17/2014 02/17/14 For Rent $600 0.0% --
02/03/2013 02/03/13 Sold $305,000 -12.9% $58 / Sq Ft View Prior Sale
12/03/2012 12/03/12 Pending -- -- --
11/30/2012 11/30/12 For Sale $350,000 -- $66 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,744 $639,244 $95,885 $543,359
2024 $13,744 $626,710 $94,005 $532,705
2023 $13,644 $614,422 $92,162 $522,260
2022 $13,216 $602,375 $90,355 $512,020
2021 $12,915 $590,565 $88,584 $501,981
2019 $12,639 $576,050 $85,957 $490,093
2018 $12,484 $564,815 $84,272 $480,543
2016 $10,211 $403,856 $60,577 $343,279
2015 $10,097 $397,791 $59,668 $338,123
2014 $10,011 $390,000 $58,500 $331,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15255257

California Regional Multiple Listing Service (CRMLS)
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