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 3,629 sqft
Price per Sqft $294
MLS Listing ID 225001809
Bedrooms 12
Full Baths 7
Year Built 1953
Lot Size 0.627 Acres
Property Description
Seller Will payoff Solar before close of escrow Investment Property Discretion Summary Location 38624- 38622 15th St East, Palmdale, CA 93550 Two Parcel In APN# 3015 015 039 & Parcel APN #2 3015 015 040 Property Type Mixed (3 Homes + 2 Mobile Homes) Total Monthly Income $8,900 Positioning: Heart of Palmdale (Prime Urban Location) Strong 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). 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 R3 for multi-family, mobile home ordinances Expenses: Factor in maintenance (mobile homes require upkeep) and property management, Tenant Mix: Screen for stable occupancy 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.
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 Standard