38921-38923 Rambler Avenue

    Palmdale, CA 93550
    • $291,000
    • STATUS: Active Under Contract
    • ON SITE: 28 days
    • ID#: SR19224999
    Under Contract
    UPDATED: 77 min ago
    $291,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,770
      SQFT
    • $164
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    VERY WELL KEPT DUPLEX. Consisting in a 3 bedroom 1 bath and the other one 2 bedroom 1 bath. They are all Section 8 tenants and have their Family contribution as well. This makes it a very secured investment for the starting investor. The 3 bedroom unit the lease expires in December of this year, and you do not need to renew it, just give them ample notice if you wnat it for someone else. The two bedroom unit has recently being rented. The Units are in very good condition, freshly painted, and the tenants are very good and punctual in their payments of their family contribution. Each unit has it's washer and dryer. The property is located about a block and a half from a Sheriff 's Station and since it sits on a cul-de-sac it is a very quiet and friendly area. All of the units were built for the Army many years ago. FOR THE INVESTORS THAT ARE NOT FAMILIAR WITH SECTION 8 TENANTS, THE DEPARARTMENT OF HOUSING INSPECTS THE UNITS BEFORE THEY ARE RENTED AND EVERY YEAR THERE AFTER OR IF THERE IS A COMPLAINT. DRIVE BY ONLY , THE TENANTS DO NOT KNOW THAT THE BUILDING IS FOR SALE, SO PLEASE DO NOT DISTURB THEM.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T11:35:30.703. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
    www.inlandempiresold.com/homes/99187346

    38921-38923 Rambler Avenue Palmdale, CA 93550

    • Price: $291,000
    • Status: Active Under Contract
    • Updated: 77 min ago
    • ID#: SR19224999
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1,770
    SQFT
    $164
    $/SQFT
    1954
    Built
    Neighborhood:
    PLM - Palmdale
    County:
    Los Angeles
    Area:
    PLM - Palmdale
    Property Description
    VERY WELL KEPT DUPLEX. Consisting in a 3 bedroom 1 bath and the other one 2 bedroom 1 bath. They are all Section 8 tenants and have their Family contribution as well. This makes it a very secured investment for the starting investor. The 3 bedroom unit the lease expires in December of this year, and you do not need to renew it, just give them ample notice if you wnat it for someone else. The two bedroom unit has recently being rented. The Units are in very good condition, freshly painted, and the tenants are very good and punctual in their payments of their family contribution. Each unit has it's washer and dryer. The property is located about a block and a half from a Sheriff 's Station and since it sits on a cul-de-sac it is a very quiet and friendly area. All of the units were built for the Army many years ago. FOR THE INVESTORS THAT ARE NOT FAMILIAR WITH SECTION 8 TENANTS, THE DEPARARTMENT OF HOUSING INSPECTS THE UNITS BEFORE THEY ARE RENTED AND EVERY YEAR THERE AFTER OR IF THERE IS A COMPLAINT. DRIVE BY ONLY , THE TENANTS DO NOT KNOW THAT THE BUILDING IS FOR SALE, SO PLEASE DO NOT DISTURB THEM.
    Exterior Features

    Architectural Style Craftsman Construction Materials Stucco Foundation Details Slab Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway Parking Total 3.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Roof Shingle

    Interior Features

    Appliances Gas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Evaporative Cooling Cooling YN Yes Fireplace Features None Fireplace YN No Flooring LaminateTile Laundry Features Dryer IncludedWasher Included Levels One Room Type All Bedrooms Down

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cable Tv Expense 0.00 Community Features CurbsSidewalksUrban Country Us Electric Expense 0.00 Elevation Units Feet Exclusions All Of Their Personal Property Of The Tenants including The Portable Spa Fuel Expense 0.00 Furniture Replacement Expense 0.00 Gardener Expense 0.00 Gross Income 32160.00 Gross Multiplier 11.05 Gross Operating Income 31278.00 Gross Scheduled Income 33276.00 Insurance Expense 1015.00 Land Lease YN No Laundry YN Yes Net Operating Income 26626.00 New Construction YN No New Taxes Expense 3637.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 4652.00 Other Expense 0.00 Other Expense Description 0 Property Condition Updated/Remodeled Property Sub Type Duplex Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTelephoneTrash Collection Total Actual Rent 2680.00 Total Expenses 4652.00 Trash Expense 720.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 998 Vacancy Allowance Rate 3.00 Water Sewer Expense 720.00 Water Source Public Year Built Source Assessor Zoning Lcr2*

    Listing provided courtesy of Federico Triebel of Federico J. Triebel


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T11:35:30.703. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
     
    RE/MAX Empire Properties
    street
    Hemet CA, 92545