NOT LISTED FOR SALE

860 E Avenue j12 Lancaster, CA 93535

East Lancaster Neighborhood

Estimated Value: $784,000 - $892,000

9 Beds
4 Baths
4,092 Sq Ft
$205/Sq Ft Est. Value

Sale Details

Date Sold: September 20, 2023

Last sale price $821,000 $201 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,484 / mo

10 Days on Market

About This Home

As of September 2023

Great Investment 4 plex with excellent potential! 4 units: one- 3+2 single level unit, two- 2+1.5 one-townhouse style unit, 1- 2+2 upper level unit. 4 carport spaces, 4 garage spaces, plus street parking available. On-site Laundry room. Front landscaping. Walking distance to schools & shopping, and pubilic transportation.

Last Agent to Sell the Property

Steve Burton

Keller Williams Realty A.V. License #00921720 Listed on: 02/13/2023

Keller Williams Realty A.V.

Last Buyer's Agent

Steve Burton

Keller Williams Realty A.V. License #00921720 Listed on: 02/13/2023

Keller Williams Realty A.V.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 10,454

Home Design

  • 4,092 Sq Ft Home
  • Frame Construction
  • Tile Roof
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Additional Features

  • 10,454 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 3140-030-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

10,454 Sq Ft Lot

Listing Details

  • House Faces: E
  • Directions To Property: Avenue K to Challenger Way, North to East Avenue J-12, West to the property
  • Income Producing: Yes
  • Listing Member Name: Steven Burton
  • Lot Measurement: Acres
  • Prop. Type: Multi-Family
  • Sp Percent Lp: 1.06
  • Square Footage: 4092.00
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Unit: 193750.00
  • Total Bathrooms: 4.00

Exterior Features

  • Exterior Construction: Frame, Stucco, Wood
  • Roof: Tile

Utilities

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

Condo/Co-op/Association

  • Units in Building: 4

Lot Info

  • Lot Acres: 0.24
  • Zoning: LRRA6500*

Tax Info

  • Assessor Parcel Number: 3140-030-016

Multi Family

  • Number2 Bedroom Units: 3.00
  • Number3 Bedroom Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2023
Closed on
Sep 7, 2023
Sold by
Lois Famuyibo
Bought by
Famuyibo Olu
Seller's Agent
Steve Burton
Keller Williams Realty A.V.
Buyer's Agent
Steve Burton
Keller Williams Realty A.V.
List Price
$775,000
Sold Price
$821,000
Premium/Discount to List
$46,000
5.94%
Views
65
Current Estimated Value
$840,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,643
Avg. Annual Appreciation
0.92%
Original Mortgage
$615,750
Outstanding Balance
$599,133
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$241,510

Purchase Details

Closed on
Mar 1, 2023
Sold by
Roy C Hart Trust and Campbell Kay K
Bought by
Ogbechie Abimbola and Famuyibo Olu

Purchase Details

Closed on
Jul 20, 2013
Sold by
Hart Roy C
Bought by
Hart Roy C and Roy C Hart Trust

Purchase Details

Closed on
Mar 25, 1999
Sold by
Gantner Shirley L
Bought by
Hart Roy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,514
Interest Rate
7.1%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 19, 1994
Sold by
Graham Amelia M
Bought by
Gantner Shirley L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,950
Interest Rate
8.9%
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
Famuyibo Olu -- Monarch Title
Ogbechie Abimbola $821,000 Monarch Title
Hart Roy C -- None Available
Hart Roy C $142,500 Orange Coast Title
Gantner Shirley L $174,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Famuyibo Olu $615,750
Previous Owner Hart Roy C $141,514
Previous Owner Gantner Shirley L $36,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2023 09/20/23 Sold $821,000 +5.9% $201 / Sq Ft
02/23/2023 02/23/23 Pending -- -- --
02/20/2023 02/20/23 For Sale $775,000 -5.6% $189 / Sq Ft
02/18/2023 02/18/23 Off Market $821,000 -- --
02/13/2023 02/13/23 For Sale $775,000 -- $189 / Sq Ft
Source: Greater Antelope Valley Association of REALTORS®

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 $12,277 $837,420 $209,100 $628,320
2024 $12,277 $821,000 $205,000 $616,000
2023 $9,996 $635,000 $159,000 $476,000
2022 $4,798 $210,492 $47,852 $162,640
2021 $4,697 $206,365 $46,914 $159,451
2019 $4,585 $200,246 $45,523 $154,723
2018 $4,511 $196,321 $44,631 $151,690
2016 $4,287 $188,699 $42,899 $145,800
2015 $4,242 $185,865 $42,255 $143,610
2014 $4,190 $182,225 $41,428 $140,797
Source: Public Records

Agents Affiliated with this Home

  • Steve Burton

    Seller's Agent in 2023

    Steve Burton

    Keller Williams Realty A.V.

    (661) 857-0440

    8 in this area

    77 Total Sales

    Steve Burton
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Map

Source: Greater Antelope Valley Association of REALTORS®

MLS Number: 23000985

Greater Antelope Valley Association of REALTORS®

APN: 3140-030-016

California Los Angeles County Lancaster 93535 East Lancaster

860 E Avenue j12, Lancaster, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Antelope Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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