Palmdale, CA 93550,38624 15th E Street
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Palmdale, CA 93550,38624 15th E Street
Palmdale, CA 93550,38624 15th E Street
Palmdale, CA 93550,38624 15th E Street
Palmdale, CA 93550,38624 15th E Street
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Listed by Samir Rafeh • eXp Realty of California Inc
$ 1,099,000
Est. payment /mo
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Active

38624 15th E Street Palmdale, CA 93550

12 Beds

7 Baths

3,629 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,629 sqft

Price per Sqft $302

MLS Listing ID 225001808

Bedrooms 12

Full Baths 7

Year Built 1953

Lot Size 0.810 Acres

Source Conejo Simi Moorpark Association of REALTORS®

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 Discretion
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).

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 Considerations
Zoning 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.

3 Parcels 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

Interior

Flooring Carpet, Laminated

Fireplaces Type Other

Exterior

Garage Spaces 2.0

Pool Private Pool

View Y/N No

Building

Story 1


agent

Todd Kaufman

Agent | License ID: 01893578

+1(805) 206-4313

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38624 15th E Street