38624 15th ST E Active 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
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.
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool In Ground,Private,Association
Amenities Available Pool
View Y/N No
Building
Story 1
Others
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