38225 E 9th Street #Q11/9T, Palmdale, CA 93550
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
38225 E 9th Street #Q11/9T,Palmdale, CA 93550
$11,250,000
- 62 Beds
- 78 Baths
- 45,302 sq. ft.
- Multi-family
- Active
Listed by: neema ahadian
Office: marcus & millichap310-909-5500
MLS#:26845169
Source:CRMLS
Price summary
- Price:$11,250,000
- Price per sq. ft.:$248.33
About this home
We are pleased to present 38225 9th Street East, a 31-unit brand new construction townhome development located in Palmdale, California. The offering is being brought to market vacant and pre-Certificate of Occupancy, providing an incoming investor full control over lease-up strategy, tenant selection, and initial rent structuring, including the ability to set rents at or above market from day one with no inherited tenancy issues. The subject property is also located within a federally designated Qualified Opportunity Zone, providing investors a rare window to acquire a newly delivered asset at favorable basis with meaningful tax deferral and exclusion benefits. Each of the 31 units is a two-bedroom/two-and-a-half-bath townhome-style apartment across four three-story buildings, featuring 1,500 SF of living space, nine-foot ceilings, private enclosed tandem parking garages, large private balconies, in-unit washer/dryer, stainless steel appliances, and condo-quality finishes throughout, a product type with virtually no direct competition in the Antelope Valley rental market. At the asking price of $11,250,000, the property is offered at $362,903 per unit and $248 per square foot, reflecting a 6.06% blended cap rate at market rents. With no comparable new construction rental product available in the submarket, the incoming investor benefits from a first mover pricing advantage and the ability to establish market rents in an under supplied, demand constrained environment. Palmdale is one of the most under supplied multifamily markets in Los Angeles County, with no significant market-rate apartment product delivered since the 1980s. Renter demand is driven by a deep and growing base of aerospace, defense, and healthcare professionals employed by major regional anchors including Lockheed Martin, Northrop Grumman and Boeing - all within close proximity to Air Force Plant 42. The strength of this demand is further evidenced by the delivery of five new hotel and hospitality assets totaling more than 550 keys in Palmdale over the last five years alone. The property is situated directly across from Palmdale City Hall on a major thoroughfare carrying 12,800 vehicles per day, one mile from the SR-14 Freeway, and proximate to Palmdale Marketplace, Antelope Valley Mall, and Palmdale Regional Medical Center. Looking ahead, the Palmdale Transportation Center is designated as a key station on the California High-Speed Rail system, with the Palmdale-to-Burbank segment already environmentally cleared and a formal city-state agreement executed to develop a multimodal hub connecting HSR, Metrolink, Brightline West, and Amtrak - reducing travel time to the Burbank/LA corridor to approximately 20 minutes and representing a compelling long-term appreciation catalyst for the investment....
Contact an agent
Home facts
- Year built:2025
- Listing ID #:26845169
- Added:57 day(s) ago
- Updated:August 06, 2026 at 11:11 AM
Rooms and interior
- Bedrooms:62
- Total bathrooms:78
- Living area:45,302 sq. ft.
Structure and exterior
- Year built:2025
- Building area:45,302 sq. ft.
- Lot area:1.05 Acres
Finances and disclosures
- Price:$11,250,000
- Price per sq. ft.:$248.33
Parking
- Total parking spaces:31
- Parking description:Covered, Garage, Tandem
- Garage:Yes
New listings near 38225 E 9th Street #Q11/9T
- New
$510,000Active4 beds 3 baths1,839 sq. ft.40196 177th Street E, Palmdale, CA 93591
MLS# SR26164129Listed by: LUXURY COLLECTIVE - New
$36,000Active2.6 Acres0 Vac/cor, Palmdale, CA 93591
MLS# BB26171617Listed by: BEVERLY AND COMPANY, INC. - New
$55,000Active10.46 Acres6 227th E, Palmdale, CA 93591
MLS# IV26170096Listed by: ZITRO REALTY - Coming Soon
$400,000Coming Soon2 beds 1 baths1510 E Avenue R, Palmdale, CA 93550
MLS# DW26170521Listed by: CENTURY 21 MASTERS - New
$1,095,000Active4 beds 4 baths4,713 sq. ft.40929 Woodshire, Palmdale, CA 93551
MLS# SR26171337Listed by: THE REAL ESTATE PLACE - New
$399,995Active3 beds 2 baths1,100 sq. ft.40103 169th Street E, Palmdale, CA 93591
MLS# FR26170802Listed by: DOMBROSKI REALTY - New
$175,000Active3 beds 2 baths1,176 sq. ft.1030 E Avenue S #38, Palmdale, CA 93550
MLS# ND26171140Listed by: ASHBY & GRAFF - New
$12,000Active2.57 Acres12 Vac/vic #12/125 Avenue, Palmdale, CA 93591
MLS# PW26170672Listed by: CALIFORNIA LWF INC - New
$199,000Active11.53 Acres0 Northside Drive, Palmdale, CA 93551
MLS# SR26170177Listed by: EXP REALTY OF GREATER LOS ANGELES, INC. - New
$349,900Active3 beds 2 baths1,424 sq. ft.5012 Pacifica Avenue, Palmdale, CA 93552
MLS# 226003707Listed by: KELLER WILLIAMS LUXURY