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Rick J Lee

rjlrealtygroup@gmail.com +1(714) 943-1598

$ 1,070,000

Est. payment -/mo

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38624 15th ST E Palmdale, CA 93550

12 Beds

7 Baths

2,597 SqFt

UPDATED:

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

Listed by Samir Rafeh • eXp Realty of California Inc

Rick J Lee

Agent | License ID: 02130981

+1(714) 943-1598

Rick J Lee

38624 15th ST E Palmdale, CA 93550

Key Details

Location

Interior

Exterior

Building

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38624 15th ST E