38624 15Th Street E, Palmdale, CA 93550 - Berkshire Hathaway HomeServices California Properties
38624 15th Street E Palmdale, CA 93550
$1,099,000 12 beds, 7 baths
3, 629 sqft

Agent Remarks

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. 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?

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 225001808
List price is $1,099,000
Beds: 12
Baths: 7 (7 full)
Built in 1953
3,629 sqft
0.81 acres
Lot size: 0.8097
County: Los Angeles
Zoning: PDR1 10000
MLS area: PLM - Palmdale

Last Updated: 5/2/2025

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This listing belongs to the PLM - Palmdale MLS area

Lat/Long: 34.583381, -118.102672.
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Listing Agent: Samir Rafeh
Lic#: 01234982
Office Name: Mission Viejo

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