406 408 E Avenue Q7, Palmdale, CA 93550

Palmdale
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
406 408 E Avenue Q7,Palmdale, CA 93550
$440,000
  • - Beds
  • - Baths
  • 1,360 sq. ft.
  • Multi-family
  • Pending
Listed by: martin hernandez
Office: luxury collective424-395-4841
MLS#:SR26153408
Source:CRMLS

Price summary

  • Price:$440,000
  • Price per sq. ft.:$323.53

About this home

Rare opportunity to own a fully occupied income-producing duplex generating **$2,850/month ($34,200 annually)** in gross rental income. Offered at **$440,000**, this property features an attractive **GRM of 12.87** and an approximate **5.9% cap rate**. Each spacious 2-bedroom, 1-bath unit is tenant occupied, with tenants paying all utilities except water and trash. **The neighboring duplex at 410-412 E Ave Q-7 is also available for purchase**, creating an excellent opportunity to acquire two side-by-side investment properties. Conveniently located near shopping, schools, and commuter routes with strong rental demand. **Please do not disturb tenants. Drive-by only. Interior inspections available with an accepted offer.

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Home facts

  • Year built:1957
  • Listing ID #:SR26153408
  • Added:76 day(s) ago
  • Updated:September 29, 2026 at 09:39 AM

Rooms and interior

  • Living area:1,360 sq. ft.

Structure and exterior

  • Year built:1957
  • Building area:1,360 sq. ft.
  • Lot area:0.14 Acres
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$440,000
  • Price per sq. ft.:$323.53

Parking

  • Parking description:Assigned
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