38225 E 9th Street #Q11/9T, Palmdale, CA 93550
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
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:1 day(s) ago
- Updated:June 09, 2026 at 09:35 PM
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
$50,000Active10.45 Acres195 Th Street East & Avenue W-8, Palmdale, CA 93591
MLS# 219148967DAListed by: TOCCHINI REAL ESTATE - New
$120,000Active0.22 Acres5 st E Avenue R, Palmdale, CA 93550
MLS# DW26125676Listed by: FIRST FAMILY HOMES - Coming Soon
$899,000Coming Soon4 beds 3 baths1661 Twin Butte, Palmdale, CA 93551
MLS# SR26124532Listed by: RODEO REALTY - New
$610,000Active6 beds 3 baths2,736 sq. ft.3741 Adobe Drive, Palmdale, CA 93550
MLS# SR26125335Listed by: JOHNHART REAL ESTATE - Open Wed, 12 to 5pmNew
$454,900Active4 beds 2 baths1,422 sq. ft.36648 Spanish Broom Drive, Palmdale, CA 93550
MLS# SR26125504Listed by: PEAK REAL ESTATE INC. - New
$50,000Active10.45 Acres195 Th Street East & Avenue W-8, Palmdale, CA 93591
MLS# 219148967Listed by: TOCCHINI REAL ESTATE - Open Sat, 11am to 2pmNew
$1,149,000Active4 beds 3 baths3,106 sq. ft.3848 E Avenue T4, Palmdale, CA 93550
MLS# SR26125113Listed by: FORWARD RLTY - New
$29,900Active29.92 Acres17100 Avenue T-8, Palmdale, CA 93591
MLS# SR26124599Listed by: LAND & REAL ESTATE INVESTMENTS - New
$190,000Active3 beds 2 baths1,248 sq. ft.40701 Rancho Vista #15, Palmdale, CA 93551
MLS# SR26125184Listed by: KELLER WILLIAMS REALTY ANTELOPE VALLEY