524 E Avenue Q-12, Palmdale, CA 93550 (MLS # P1-27871)

Price $5,100,000
Status Active
Beds 0
Baths 0 Bath
Home size 21,762 sqft
Lot Size 1.46 ac
Days on Market 1
524 E Avenue Q12 presents a compelling opportunity to acquire a well-maintained 30-unit apartment community in Palmdale, CA, situated on a substantial 1.46-acre parcel. The property features a highly desirable, consistent unit mix of all 2-bedroom / 1-bathroom units that commands strong tenant demand. Residents benefit from 30 on-site parking spaces, secure gated parking, ADA-compliant units, an on-site laundry room, a dedicated leasing office, and generous outdoor space.Current ownership has invested over $1,850,000 in capital improvements since 2018, positioning the asset as a turnkey, income-producing investment. Beyond its income upon the stabilization of the asset, the property offers meaningful upside: there is an opportunity to add up to 8 ADUs utilizing SB 1211, while the open stabilization and lease-up of the vacant units allows a buyer to achieve a projected cap rate of 7.09%.The sale includes a .46 acre site that is zoned for an additional 21 units. Together, these attributes make 524 E Avenue Q12 a great opportunity to stabilize a well-located asset with a clear path to enhanced returns through both rental growth and future development potential through ADU construction and redevelopment of the vacant lot.
Property Type(s): Residential Income
Last Updated 7/6/2026 Tract Not Applicable
Year Built 1980 Community PLM - Palmdale
County Los Angeles

Additional Details

AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
AREA PLM - Palmdale
HEAT Wall Furnace
LOT 1.4619 acre(s)
LOT DIMENSIONS 63682
PARKING Assigned
POOL DESCRIPTION None
SUBDIVISION Not Applicable
VIEW DESCRIPTION None

Location

 

Contact us about this Property

 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Bob Khalsa to contact you even if your name is on a Federal or State "Do not call List".
Listed with Keller Williams Realty

Based on information from CRMLS as of 7/7/26 5:58 AM PDT. The information being provided by CRMLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CRMLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

This IDX solution is (c) Diverse Solutions 2026.

Email a Friend