305 E Avenue Q7 Palmdale, CA 93550

3 beds · 2 baths · 1,223 sq ft · Lot Size: 5,784 sq ft · Single Family Home
Est. Property Value: $318,835

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305 E Avenue Q7 is in the 93550 neighborhood of Palmdale, CA. It is located in Los Angeles County and ZIP code 93550. This Single Family Home was built in 1957 and is approximately 68 years old. The single family home spans 1223 sq ft with 3 bedrooms and 2 bathrooms and sits on a 5784 sq ft lot. According to public records, it was last sold in 2016 for $155,000 and has a tax-assessed value of $312,120, which is $261 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 305 E Avenue Q7 Palmdale, CA 93550 with Property Intel by Whitepages.

305 E Avenue Q7

Palmdale, CA 93550

Neighborhood

Owners & Occupancy for 305 E Avenue Q7

No contact information is available.

Occupancy

Resident 1****************
Resident 2*************** age 51
Resident 3**************** age 81
Resident 4*************
Resident 5***********
Resident 6************* age 85
Resident 7**************** age 63

Property Financials for 305 E Avenue Q7

305 E Avenue Q7, Palmdale, CA has a mortgage from Skyline Fin'l (orig. October 19, 2020). The Los Angeles county assessment for 2024 values it at $312,120, with annual taxes of $3,181.

Mortgage & Equity Information

Loan Amount$******
LenderSkyline Fin'l
Origination DateOctober 19, 2020
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*****************
Equity View Equity

Property Tax

Purchase DateJanuary 15, 2016
Property Tax Amount$3,181 in 2023
Purchase Price$155,000
Assessed Value$312,120 on 2024

Investment Potential for 305 E Avenue Q7

The property has a current estimated value of $318,835, which is 15% below the zip median, based on public records. It last sold on January 15, 2016 for $155K. Projected long-term
is $45,000 annually ($3,750 per month) with a 93% occupancy rate.

Discover more Single Family Homes in 93550.

Long-Term

Gross Rental
$45,000 per year($3,750 per month)
Net Operating Income
Cap Rate
Occupancy Rate
93%in 93550 zip code
 
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Property Details for 305 E Avenue Q7

Property Details

Property Sq Ft

Living Area

1,223 sq ft

12% below market

Lot Size

5,784 sq ft

18% below market

Price Per Sq Ft

Living Area

$261 / sq ft

4% below market

Lot Size Area

$55 / sq ft

5% above market

Property condition, age, exterior, etc. for 305 E Aven…
Longitude: -118.124596 Latitude: 34.581158 Parcel Number (APN): 3008-017-036…

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Market Benchmarks

Compare data for 305 E Avenue Q7 in Los Angeles County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$318,835
$639,752
-$320,917 (-50%)
$755,046
-$407,148 (-54%)
YoY Price Change
1.38%
-223%
Year Built
1957
1971
-14 years
Living Space
1,223 sq ft
1,519 sq ft
-296 (-19%)
$ Per Living Sq Ft
$261
$420
-$160 (-38%)
Lot Size
5,784 sq ft
7,020 sq ft
-1236 (-18%)
$ Per Lot Sq Ft
$55
$88
-$33 (-38%)

Net Operating Income
$26,724
$6,731 (25%)
Annual Revenue
$45,000
$44,400
$600 (1%)
$14,609
-$3,064 (-21%)
Net Operating Income
$26,724
$6,731 (25%)
Cap Rate
4.21%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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