NOT LISTED FOR SALE

Lancaster, CA 93534

Central Lancaster Neighborhood

Estimated Value: $343,000 - $431,000

3 Beds
3 Baths
1,098 Sq Ft
$342/Sq Ft Est. Value

Last Sold November 22, 2016

Last sale price $2,400,000 $2,186 Per Sq Ft

Current estimated payment $2,195/month

79 Days on Market

About This Home

As of November 2016

BULK SALE for several income producing properties. This listing inc 18 Single Family Homes that are currently tenant occupied income properties. Perhaps expand your current income portfolio or start a new income portfolio. These 18 SFR range in value between $110,000 and $225,000 individually. The owner who managed these properties has passed away recently. The family has no interest in maintaining the operation of these income properties. These units have been well maintained and have had some improvements since they were purchased about 5 years ago. These properties are being sold in Bulk. The owner req the tenants not be disturbed, respect their privacy. Truly a one of a kind investment opp, turn key income prop! Perfect for savvy investor.

Last Agent to Sell the Property

Cheryl Wilcox

License #1008664 Listed on: 07/07/2016

Last Buyer's Agent

Cheryl Wilcox

License #1008664 Listed on: 07/07/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • 1,098 Sq Ft Home
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Refrigerated and Evaporative Cooling System
  • Wall Furnace

Community Details

  • 18 Units

Listing and Financial Details

  • Assessor Parcel Number 3132-001-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Capital Rate: 6.90
  • House Faces: W
  • Directions To Property: Map it
  • Income Producing: Yes
  • Listing Member Name: Cheryl Wilcox
  • Lot Measurement: SqFt
  • Prop. Type: E
  • Sp Percent Lp: 0.82
  • Square Footage: 1098.00
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Unit: 162500.00
  • Total Bathrooms: 3.00

Exterior Features

  • Exterior Construction: Stucco
  • Roof: Composition

Utilities

  • Cooling Type: Room Evaporated Air
  • HeatingTypes: Wall Furnace

Condo/Co-op/Association

  • Units in Building: 18

Lot Info

  • Lot Acres: 0.16
  • Zoning: R1

Tax Info

  • Assessor Parcel Number: 3132-001-008

Multi Family

  • Number1 Bedroom Units: 1.00
  • Number3 Bedroom Units: 11.00
  • Number 4 Bedroom Units: 6.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2016
Closed on
Oct 11, 2016
Sold by
Golia Ottosi Linda
Bought by
Darghalli Rami and Rami Darghalli Revocable Living Trust
Seller's Agent
Cheryl Wilcox
Buyer's Agent
Cheryl Wilcox
List Price
$4,000,000
Sold Price
$2,400,000
Premium/Discount to List
-$1,600,000
-40%
Current Estimated Value
$375,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,024,026
Avg. Annual Appreciation
-18.32%
Original Mortgage
$1,235,000
Outstanding Balance
$990,398
Interest Rate
3.47%
Mortgage Type
Commercial
Estimated Equity
-$614,424

Purchase Details

Closed on
May 28, 2015
Sold by
Ottosi Paul H
Bought by
The P & L Ottosi Living Trust

Purchase Details

Closed on
Dec 10, 2012
Sold by
Ottosi Paul
Bought by
Ottosi Paul and Golla Ottosi Linda

Purchase Details

Closed on
May 20, 2010
Sold by
Jederberg Patricia J
Bought by
Ottosi Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,600
Interest Rate
4.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2000
Sold by
Hemme Tisha L and Hemme John E
Bought by
Jederberg Patricia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,118
Interest Rate
8.26%
Mortgage Type
VA

Purchase Details

Closed on
Mar 19, 1999
Sold by
Ward Billy
Bought by
Hemme John E

Purchase Details

Closed on
Mar 20, 1998
Sold by
Ward Billy
Bought by
Ward Billy and Hemme John E

Purchase Details

Closed on
Jan 16, 1998
Sold by
Ward Rachelle C
Bought by
Ward Billy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,675
Interest Rate
7.13%

Purchase Details

Closed on
Dec 7, 1997
Sold by
Federal National Mortgage Association
Bought by
Ward Billy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,675
Interest Rate
7.13%

Purchase Details

Closed on
May 27, 1997
Sold by
Ellicott John L
Bought by
Federal National Mortgage Association
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
Darghalli Rami $118,500 Orange Coast Title
The P & L Ottosi Living Trust -- None Available
Ottosi Paul -- None Available
Ottosi Paul $78,000 Fidelity Van Nuys
Jederberg Patricia J $61,000 Lawyers Title
Hemme John E -- --
Ward Billy -- First American
Ward Billy -- Fidelity Title
Ward Billy $45,000 Fidelity Title
Federal National Mortgage Association $48,000 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Darghalli Rami $1,235,000
Previous Owner Ottosi Paul $54,600
Previous Owner Jederberg Patricia J $62,118
Previous Owner Ward Billy $33,675
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2016 11/22/16 Sold $2,400,000 -40.0% $2,186 / Sq Ft
09/24/2016 09/24/16 Pending -- -- --
07/07/2016 07/07/16 For Sale $4,000,000 -- $3,643 / Sq Ft
Source: Greater Antelope Valley 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 $2,976 $137,059 $27,388 $109,671
2024 $2,976 $134,372 $26,851 $107,521
2023 $2,915 $131,738 $26,325 $105,413
2022 $2,733 $129,156 $25,809 $103,347
2021 $2,356 $126,624 $25,303 $101,321
2019 $2,295 $122,870 $24,553 $98,317
2018 $2,256 $120,462 $24,072 $96,390
2017 $2,233 $118,100 $23,600 $94,500
2016 $1,779 $84,411 $16,881 $67,530
2015 $1,760 $83,144 $16,628 $66,516
2014 $1,770 $81,517 $16,303 $65,214
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Cheryl Wilcox

See All Agents

Source: Greater Antelope Valley Association of REALTORS®

MLS Number: 16006520

Greater Antelope Valley Association of REALTORS®

APN: 3132-001-008

California Los Angeles County Lancaster 93534

Central Lancaster

Not Listed for Sale

MultiFamily

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