38448 10th Place
Palmdale, CA 93550
- 5 beds
- – baths
- 2,680 sqft
- ~1 acre lot
- $296 per sqft
- 1949 build
- – on site
Excellent investment/development opportunity. This property consists of 3 detached houses on a street-to-street 1 acre lot, zoned ''Mixed Use 2 (MU2)'', which is a highly flexible zoning that allows for commercial and multifamily residential development. This property is also located within an opportunity zone, which may provide significant tax benefits. The 3 detached homes each have their own address. 38451 11th St E is a 1,400 sqft, 2 bed (plus a den) 1 bath home with a 2 car detached garage, currently rented at $1,663/month. 38456 10th Pl E is a 2 bed, 1 bath home, currently rented at $1,995. This unit was rehabbed/remodeled 1 year ago, and it recently received new windows. 38448 10th Pl E is a 1 bed, 1 bath home, currently rented at $924. This unit also recently received new windows. All 3 tenants are on month-to-month leases. This arrangement presents an excellent opportunity for investors with a variety of potential strategies. At the moment, the units produce good monthly cash flow. This cash flow can be increased by raising the rents over time or replacing the existing tenants. The detached garage can potentially be converted to an ADU for additional income. There is ample unused land on this property, which could allow for the construction of additional detached or atta
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Last updated May 3, 2024
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MLS# CRSR24039636 —
This property is listed in more than one place. See it here.
Walk Score®
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Bike Score®
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Soundscore™
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/3/24
May 3, 2024
|
Pending | BRIDGE | $795,000 | |
|
5/2/24
May 2, 2024
|
Price Changed | BRIDGE | $795,000 | -6.5% |
|
2/27/24
Feb 27, 2024
|
Listed / Active | BRIDGE | $850,000 |