38624 15th Street

Palmdale, CA 93550

  • 12 Bed(s)
  • 7 Bath(s)
  • 3,629 Sqft
  • 35270
    Sqft(Lot)
$1,099,000

Description

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?

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49552600

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Property Details

  • Bedroom Information

    • Total Bedrooms : 12

    Bathroom Information

    • Total Baths: 7
    • Full Baths: 7
    • Half Baths: 0

    Interior Features

    • Flooring: Carpet,Laminate

    Cooling Features

    • Air Conditioning

    Fireplace

    • Has Fireplace: 1

  • Building Information

    • Year Built: 1953

    Pool Features

    • In Ground,Private,Association

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.8097
    • Lot Size Source: Estimated
    • Lot Size Square Feet: 35270

  • Listing Price Information

    • Original List Price: 1,099,000
    • Listing Contract Date: 2025-04-11

    Lease Information

  • Tax Information

    • Parcel Number: 3015015039

  • Garage and Parking

    Homeowners Association

    • Association Amenities: Pool

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Cable TV,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: PLM - Palmdale
    • Postal Code Plus 4: 3904
    • Directions: Palmdale Blvd East To 15th ST
    • Zoning: PDR1 10000
    • Source Property Type: Residential Income
    • Area: PLM - Palmdale

    Building and Construction

    • Property Age: 72
    • Common Walls: No Common Walls
    • Property Condition: Repairs Cosmetic
    • Year Built Source: Assessor
    • Total Square Feet Living: 3629
    • Entry Location: Main Level
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BuyOwner last updated this listing 06/16/2025 @ 12:03

  • MLS: 225001808
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 12 bedrooms which is for sale, it has 3,629 sqft, 35,270 sized lot, and 2 parking. are nearby neighborhoods.