38624 15th Street E, Palmdale, CA 93550
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
38624 15th Street E,Palmdale, CA 93550
$1,025,000
- 12 Beds
- 7 Baths
- 3,629 sq. ft.
- Multi-family
- Active
Listed by: samir rafeh
Office: exp realty of california inc
MLS#:225001808
Source:CRMLS
Price summary
- Price:$1,025,000
- Price per sq. ft.:$282.45
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 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?
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Home facts
- Year built:1953
- Listing ID #:225001808
- Added:232 day(s) ago
- Updated:November 21, 2025 at 02:50 PM
Rooms and interior
- Bedrooms:12
- Total bathrooms:7
- Full 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:$1,025,000
- Price per sq. ft.:$282.45
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