38533 11th Street
Palmdale, CA 93550
- 2 beds
- 1 bath
- 864 sqft
- ~1/2 acre lot
- $462 per sqft
- 1948 build
- – on site
Excellent investment/development opportunity at a very attractive price. Currently one of the lowest-priced single-family homes in Palmdale. This property sits on a half-acre, street-to-street lot with Palmdale's highest density RN4 zoning, which allows for 30-50 units per acre. Thus, this property could allow for 15-25 units on its half-acre lot. Currently, there is a single-family home on the lot. It is being rented for $1,550 per month to a longtime tenant. These tenants would like to stay long term, if possible. This property presents investors with a variety of potential strategies. The property currently produces good cash flow. This cash flow can be increased by raising the rent on the current tenants. Owing to California's new legislation regarding ADU's on multi-family zoned properties, multiple ADU's could be built on the excess land while retaining the original house. With its street-to-street lot, access to the rear ADU's would be easy on this property. Finally, the existing house could be demolished and a new 15-25 unit apartment building could be built. Additional density may be had through affordable housing exemptions, LIHTC financing and tax credits may be available, and this property is also in an opportunity zone for additional potential benefits. While waiting
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Last updated Feb 3, 2025
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MLS# CRSR25021804 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1948
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Building Area Units:Square Feet
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Stories:1
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Levels:One Story
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Entry Level:1
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Building Area Total:864
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Building Area Source:Assessor Agent-Fill
Interior
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Fireplace:false
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Fireplace Features:None
Room Dimensions
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Living Area:864
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Living Area Units:Square Feet
Location
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Directions:Palmdale Blvd to 11th St E.
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Parcel Number:3015002025
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Zoning:PDR3
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Lot Size Area:0.5083
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Lot Size Acres:0.5083
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Lot Size SqFt:22140
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Lot Size Units:Acres
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View:None
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View:false
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:9105.01
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
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Full Baths:1
The Listing
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Listing Terms:Cash
Heating & Cooling
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Cooling:Evaporative Cooling
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Cooling:true
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Laundry Features:None
Schools
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High School District:Antelope Valley Union High
The Community
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Association:false
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# of Units In Community:1
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Pool Private:false
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Pool Features:None
Parking
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Garage:false
Monthly cost estimate
Asking price
$399,900
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,141
|
| Taxes | N/A |
| Insurance | $109 |
| Utilities | $151 See report |
| Total | $2,401/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/1/25
Feb 1, 2025
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Price Changed | BRIDGE | $399,900 | 25.0% |
|
1/30/25
Jan 30, 2025
|
Listed / Active | BRIDGE | $319,900 |
43% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $10k above asking price on average, but some went as high as $35k over asking price.
