38624 15th, Palmdale, CA 93550
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
38624 15th,Palmdale, CA 93550
$1,099,000
- - Beds
- 7 Baths
- 3,629 sq. ft.
- Multi-family
- Active
Listed by:samir rafeh
Office:exp realty of california inc
MLS#:225001808
Source:CA_VCMLS
Price summary
- Price:$1,099,000
- Price per sq. ft.:$302.84
About this home
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 Discretion
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).
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 Considerations
Zoning 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?
Contact an agent
Home facts
- Year built:1953
- Listing Id #:225001808
- Added:126 day(s) ago
- Updated:August 17, 2025 at 02:28 PM
Rooms and interior
- Total bathrooms:7
- Living area:3,629 sq. ft.
Structure and exterior
- Year built:1953
- Building area:3,629 sq. ft.
- Lot area:0.81 Acres
Finances and disclosures
- Price:$1,099,000
- Price per sq. ft.:$302.84
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