Seller Will payoff Solar before close of escrow Investment Property Discretion Summary Location 38624- 38622 15th St East, Palmdale, CA 93550 3 Parcel In APN# 3015 015 039 & Parcel APN #2 3015 015 040 3RD # 3015 015 049 Property Type Mixed (3 Homes + 2 Mobile Homes) Total Monthly Income $8,900 Positioning: Heart of Palmdale (Prime Urban Location) 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). 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 R3 for multi-family, mobile home ordinances Expenses: Factor in maintenance (mobile homes require upkeep) and property management, Tenant Mix: Screen for stable occupancy Section 8 vouchers for mobile homes Exit Strategies: Hold for cash flow, sell parcels individually, or redevelop. 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.
Property Type(s):
Residential Income
|
Last Updated
|
9/8/2025
|
Year Built
|
1953
|
|
Community
|
PLM - Palmdale
|
Garage Spaces
|
2.0
|
|
County
|
Los Angeles
|
Price History
|
Prior to May 1, '25
|
$1,070,000 |
|
May 1, '25 - Sep 8, '25 |
$1,099,000 |
| Sep 8, '25 - Today |
$1,025,000 |
Additional Details
| AIR CONDITIONING |
Yes |
| AREA |
PLM - Palmdale |
| FIREPLACE |
Yes |
| GARAGE |
Yes |
| LOT |
0.627 acre(s) |
| POOL |
Yes |
| POOL DESCRIPTION |
Private, In Ground, Association |
| STORIES |
1 |
Location
Listed with eXp Realty of California Inc
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