This 6-unit property in East Palmdale presents a prime value-add or redevelopment opportunity. Unit Mix of (5) studios and (1) 1 bedroom/ 1 bathroom. The existing building sits in an Opportunity zone on a 20,000 SF lot, and the sale includes an adjacent 10,000 SF parcel, totaling 30,000 SF. With Palmdale Transit Area Specific Plan and Urban Core zoning, the site allows for high-density development of 50-60 dwelling units per acre, making it ideal for multifamily or mixed-use projects. Additionally, the property’s proximity to the Palmdale Transportation Center ensures strong tenant demand, and it's affordable entry point compared to other LA markets makes it a rare and strategic investment opportunity.
Property Type(s):
Residential Income
Last Updated
|
3/5/2025
|
Year Built
|
1951
|
County
|
Los Angeles
|
Price History
Prior to Mar 5, '25
|
$995,000 |
Mar 5, '25 - Today |
$975,000 |
Additional Details
AIR |
Wall/Window Unit(s) |
AIR CONDITIONING |
Yes |
HEAT |
Electric, Forced Air |
HOA DUES |
0 |
STORIES |
1 |
Location
Listed with JLM Real Estate Inc
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