38624 15th Street E, Palmdale, CA 93550 - Berkshire Hathaway HomeServices California Properties

38624 15th Street E, Palmdale, CA 93550

$1,099,000 Approx. USD 12 beds, 7 baths
3,629 sqft

Listing Agent


Samir Rafeh | bysellhomes@gmail.com
Lic#: 01978836
Broker: Courtesy of eXp Realty of California Inc

Agent Remarks

Seller Will payoff Solar before close of escrow Investment Property Discretion Summary Location 38624- 38622 15th St East, Palmdale, CA 93550 3 Parcel In APN# 3015 015 039 & Parcel APN #2 3015 015 040 3RD # 3015 015 049 Property Type Mixed (3 Homes + 2 Mobile Homes) Total Monthly Income $8,900 Positioning: Heart of Palmdale (Prime Urban Location) 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). 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 R3 for multi-family, mobile home ordinances Expenses: Factor in maintenance (mobile homes require upkeep) and property management, Tenant Mix: Screen for stable occupancy 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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 225001809
Price: $1,099,000
Beds: 12
Baths: 7 (7 full)
Built in 1953
3,629 sqft
0.63 acres
Lot size: 0.6270
County: Los Angeles
Zoning: PDR1 10000
MLS area: PLM - Palmdale

Last Updated: 5/8/2025

 Days On Market (DOM): 29

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This listing belongs to the PLM - Palmdale MLS area

Lat/Long: 34.583381, -118.102672.
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Source: CRM. Also Available in 225001808,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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