38624 15th ST E new Save Request In-Person Tour Request Virtual Tour
Palmdale,CA 93550
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,597 sqft
Price per Sqft $412
MLS Listing ID 225001808
Bedrooms 12
Full Baths 7
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1953
Lot Size 0.297 Acres
Property Description
Seller Will payoff Solar before close of escrow Investment Property Discretion Summary Location 38624 15th St East, Palmdale, CA 93550 Parcels: 2 (Combined Use) Property Type Mixed (3 Homes + 2 Mobile Homes) Total Monthly Income $8,900 Positioning: Heart of Palmdale (Prime Urban Location) Key Highlights for DiscretionStrong Cash Flow** $8,900/month gross income offers immediate ROI potential. - Versatile tenant options (residential or blended use). Strategic Location** Urban center proximity ensures high demand for housing/rentals. Access to amenities (transit, schools, retail) enhances tenant retention. Dual-Parcel Flexibility Subdivision potential (sell/develop parcels separately). -Expansion options (e.g., ADUs, lot splits per local zoning). 4. Hybrid Housing Model - Traditional homes attract long-term tenants; mobile homes cater to affordable housing demand. Diversified income reduces vacancy risk. Value-Add Opportunities Renovate mobile homes for higher rents or convert to tiny homes. Explore city incentives for multi-family or mixed-use development. Market Resilience , Palmdale's growth (AV Valley demand, proximity to LA) supports appreciation. Scarcity of centrally located multi-unit properties boosts long-term value, Discretionary ConsiderationsZoning Verify allowable uses (e.g., R3 for multi-family, mobile home ordinances). -Expenses: Factor in maintenance (mobile homes require upkeep) and property management, Tenant Mix: Screen for stable occupancy (e.g., Section 8 vouchers for mobile homes). Exit Strategies: Hold for cash flow, sell parcels individually, or redevelop. Target Audience Buyers seeking cash flow, developers eyeing infill potential, or landlords wanting a turnkey portfolio starter. Final Note A rare blend of income, location, and adaptability ideal for hands-on or passive investors. Would you like a financial breakdown (cap rate, NOI, etc.) or comps to refine discretion further?
Location
State CA
County Los Angeles
Area Plm - Palmdale
Zoning PDR1 10000
Interior
Flooring Carpet,Laminate
Inclusions All Tenants , With Leases.
Fireplace Yes
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool In Ground,Private,Association
Amenities Available Pool
View Y/N No
Total Parking Spaces 2
Private Pool Yes
Building
Faces West
Story 1
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 3015015039
Acceptable Financing Conventional,Fannie Mae,Owner Will Carry,Owner May Carry
Listing Terms Conventional,Fannie Mae,Owner Will Carry,Owner May Carry
Special Listing Condition Real Estate Owned,Standard