NOT LISTED FOR SALE

8612 E Avenue U Littlerock, CA 93543

Estimated Value: $582,000 - $738,454

8 Beds
5 Baths
4,214 Sq Ft
$165/Sq Ft Est. Value

Last Sold December 17, 2018

Last sale price $420,000 $100 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,174/month

29 Days on Market

Highlights

  • No Units Above
  • No HOA
  • 1-Story Property
  • 3.66 Acre Lot

About This Home

As of December 2018

Great Investment Opportunity! 5 Units, 100% leased, on over 3.5 Acres of Land. 4 individual building, 3 cottages and one duplex. Plenty of space for play and privacy. There is also a large garage or barn on the property that is used for storage by the owner and some tenants. This could be used for parking if desired. Title shows 4 units as the one house that is now a duplex was converted years ago by a previous owner. The property is relatively close to Palmdale and very convenient to the Pearblossum Highway that can take you to Palmdale, Victorville, Hesperia or Vegas if the moods strikes you.

Last Agent to Sell the Property

Brandon Beckwith

SOUTHLAND PROPERTIES License #01876209 Listed on: 10/14/2016

Co-Listed By

Gary Boyer

SOUTHLAND PROPERTIES License #01112549

Last Buyer's Agent

NYDIA DEL RIO

License #01275496

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,810

Year Built

  • Built in 1944

Lot Details

  • 3.66 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Rural Setting
  • Desert faces the front and back of the property
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 4,214 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 0001
  • Tax Tract Number 1
  • Assessor Parcel Number 3049023012

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $54
  • Fuel Expense $202
  • Maintenance Expense $3,967
  • Professional Management Expense $2,624
  • Trash Expense $1,275
  • Water Sewer Expense $1,963
  • New Taxes Expense $5,000
  • Operating Expense $15,085
  • Gross Income $32,733
  • Net Operating Income $21,389

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,810

Year Built

Built in 1944

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 4.20
  • Professional Management Expense: 2624.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1963.00
  • Zoning: LCA210000*
  • Property Type: Residential Income
  • Parcel Number: 3049023012
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Entry Location: 1st Floor
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 99.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Sewer: Unknown
  • Trash Expense: 1275.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Desert Back, Desert Front, Lot Over 40000 Sqft
  • Lot Size Sq Ft: 159410.00
  • Lot Size Acres: 3.6596

Multi Family

  • Average1 Bed Area: 620 Square Feet
  • Average2 Bed Area: 900 Square Feet
  • Average3 Bed Area: 1500 Square Feet
  • Electric Expense: 54.00
  • Fuel Expense: 202.00
  • Gross Income: 32733.00
  • Gross Scheduled Income: 32733.00
  • Lot Size Area: 159410.0000 Square Feet
  • Maintenance Expense: 3967.00
  • Net Operating Income: 21389.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 11344.00
  • Rent Control: No
  • Total Actual Rent: 35400.00
  • Total Expenses: 15085.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Census Tract: 9100.02
  • Tax Lot: 0001
  • Tax Tract Number: 001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2022
Sold by
Teran Raymond
Bought by
Teran Raymond
Current Estimated Value
$695,864

Purchase Details

Closed on
Apr 18, 2018
Sold by
Azusa Pacific University
Bought by
Teran Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
4.8%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 1, 2014
Sold by
Keortge Charles W and Keortge Linda E
Bought by
Keortge Charles W and Keortge Linda E
Source: Public Records

Range of Values:

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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
Teran Raymond -- None Listed On Document
Teran Raymond $420,000 Lawyers Title
Keortge Charles W -- Accommodation
The Charles & Linda Keortge Charitable R -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Teran Raymond $294,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2018 12/17/18 Sold $420,000 -1.2% $100 / Sq Ft
11/19/2016 11/19/16 For Sale $425,000 0.0% $101 / Sq Ft
11/12/2016 11/12/16 Pending -- -- --
10/14/2016 10/14/16 For Sale $425,000 -- $101 / 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 $5,810 $468,513 $83,661 $384,852
2024 $5,810 $459,327 $82,021 $377,306
2023 $5,697 $450,321 $80,413 $369,908
2022 $5,605 $441,492 $78,837 $362,655
2021 $5,495 $432,837 $77,292 $355,545
2020 $5,425 $428,400 $76,500 $351,900
2019 $5,329 $420,000 $75,000 $345,000
2018 $2,048 $115,096 $22,594 $92,502
2016 $1,908 $110,628 $21,717 $88,911
2015 $1,889 $108,967 $21,391 $87,576
2014 $1,975 $106,833 $20,972 $85,861
Source: Public Records

Agents Affiliated with this Home

  • Brandon Beckwith

    Seller's Agent in 2018

    Brandon Beckwith

    SOUTHLAND PROPERTIES

    (626) 617-5443

    34 Total Sales

    Brandon Beckwith
    Section Image
  • Gary Boyer

    Seller Co-Listing Agent in 2018

    Gary Boyer

    SOUTHLAND PROPERTIES

    (626) 833-0783

    12 Total Sales

    Gary Boyer
    Section Image
  • NYDIA DEL RIO

    Buyer's Agent in 2018

    NYDIA DEL RIO

    (661) 400-9778

    4 in this area

    250 Total Sales

    NYDIA DEL RIO
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16720630

California Regional Multiple Listing Service (CRMLS)

APN: 3049-023-012

California Los Angeles County Littlerock 93543

8612 E Avenue U, Littlerock, CA

This home is located at 8612 E Avenue U, Littlerock, CA 93543 since 14 October 2016 and is currently estimated at $695,864, approximately $165 per square foot. This property was built in 1944. 8612 E Avenue U is a home located in Los Angeles County with nearby schools including Keppel Academy, Alpine Elementary School, and Littlerock High School.

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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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