38624 15th Street E
Palmdale, CA 93550
- – beds
- – baths
- – sqft
- 12,922 sqft lot
- 1953 build
- – on site
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?
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Last updated Apr 15, 2025
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MLS# 225001809 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1953
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Year Built Source:Assessor
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Total Number Of Units:5
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Stories Total:1
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Common Walls:No Common Walls
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Faces:West
Interior
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Entry Location:Main Level
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Flooring:Carpet, Laminate
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Fireplace:Yes
Location
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Directions:Palmdale Blvd East To 15th ST
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Latitude:34.58338100
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Longitude:-118.10267200
The Property
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Property Type:Residential Income
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Property Condition:Repairs Cosmetic
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Zoning:PDR1 10000
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Lot Size Area:12922.0000
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Lot Size Acres:0.2966
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Lot Size SqFt:12922.00
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Lot Size Source:Public Records
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:3015015039
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Showings Begin:2025-04-13
Heating & Cooling
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Cooling:Yes
Appliances
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Included:Yes
The Community
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Inclusions:All Tenants , With Leases.
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Association Amenities:Pool
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Association:No
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Pool:In Ground, Private
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Senior Community:No
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Private Pool:Yes
Parking
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Parking Spaces:2.00
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Garage Spaces:2.00
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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4/13/25
Apr 13, 2025
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Listed / Active | CRMLS_CA | $1,070,000 | |
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10/25/24
Oct 25, 2024
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Price Changed | BRIDGE | ||
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9/3/24
Sep 3, 2024
|
Price Changed | BRIDGE |
