1045 Elizabeth Lake Road, Palmdale, CA 93551 (MLS # SR26155533)

Price $499,990
Status Active
Beds 2
Baths 1 Bath
Home size 783 sqft
Lot Size 10,455 sqft
Days on Market 5
Income-Producing Single Family Home with Permitted Detached Cottage & Development Potential! Exceptional investment opportunity featuring a well-maintained single-family home with a permitted detached cottage, both currently tenant-occupied and generating immediate cash flow. The main residence offers approximately 783 square feet with 2 bedrooms and 1 bathroom and was updated in 2021. The permitted detached cottage provides approximately 400 square feet, creating an ideal setup for investors seeking immediate cash flow or owner occupants looking to offset their mortgage with rental income. Situated on an R-3 zoned lot, this property offers excellent potential for future expansion, redevelopment, or the addition of residential units (buyer to verify all development possibilities with the City of Palmdale). The generous lot provides flexibility for future projects while the existing improvements deliver income from day one. Conveniently located near shopping, schools, parks, public transportation, and major commuter routes, this property offers the perfect combination of current rental income and long-term investment potential. Whether you're expanding your real estate portfolio, purchasing your first income property, or exploring future development opportunities, this versatile property presents a rare opportunity with immediate returns and significant upside.
Property Type(s): Single Family
Last Updated 7/16/2026 Year Built 1950
Community PLM - Palmdale Garage Spaces 1.0
County Los Angeles

Additional Details

AIR Evaporative Cooling
AIR CONDITIONING Yes
APPLIANCES Gas Range
AREA PLM - Palmdale
GARAGE Attached Garage, Yes
HEAT Wall Furnace
LOT 10454 sq ft
LOT DESCRIPTION Rectangular Lot
LOT DIMENSIONS 10454.4
PARKING Attached
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
STYLE Traditional
UTILITIES Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
VIEW Yes
VIEW DESCRIPTION Neighborhood
WATER Public

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 Marro Real Estate, Inc.

Based on information from CRMLS as of 7/20/26 6:30 PM 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