There are multiple listings for this address:
Seller Will payoff Solar before close of escrow Investment Property Discretion Summary Location 38624 15th St East, Palmdale, CA 93550 Parcels: 2 (Combined Use) Property Type Mixed (3 Homes + 2 Mobile Homes) Total Monthly Income $8,900 Positioning: Heart of Palmdale (Prime Urban Location) Key Highlights for DiscretionStrong 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). 4. 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 (e.g., R3 for multi-family, mobile home ordinances). -Expenses: Factor in maintenance (mobile homes require upkeep) and property management, Tenant Mix: Screen for stable occupancy (e.g., Section 8 vouchers for mobile homes). Exit Strategies: Hold for cash flow, sell parcels individually, or redevelop. 3 Parcels 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. Would you like a financial breakdown (cap rate, NOI, etc.) or comps to refine discretion further?
Property Details
Price:
$1,099,000
MLS #:
225001808
Status:
Active
Baths:
0
Address:
38624 E 15th Street
Type:
Residential Income
Neighborhood:
plmpalmdale
City:
Palmdale
Listed Date:
Apr 11, 2025
State:
CA
ZIP:
93550
Lot Size:
35,270 sqft / 0.81 acres (approx)
Year Built:
1953
See this Listing
Mortgage Calculator
Schools
Interior
Flooring
Carpet, Laminate
Exterior
Association Amenities
Pool
Garage Spaces
2.00
Parking Spots
2.00
Pool Features
In Ground, Private
Stories Total
1
Financial
Tenant Pays
Cable T V, Gas
Map
Community
- Address38624 E 15th Street Palmdale CA
- AreaPLM – Palmdale
- CityPalmdale
- CountyLos Angeles
- Zip Code93550
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38624 E 15th Street
Palmdale, CA
Seller Will payoff Solar before close of escrow Investment Property Discretion Summary Location 38624 15th St East, Palmdale, CA 93550 Parcels: 2 (Combined Use) Property Type Mixed (3 Homes + 2 Mobile Homes) Total Monthly Income $8,900 Positioning: Heart of Palmdale (Prime Urban Location) Key Highlights for DiscretionStrong 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). 4. 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 (e.g., R3 for multi-family, mobile home ordinances). -Expenses: Factor in maintenance (mobile homes require upkeep) and property management, Tenant Mix: Screen for stable occupancy (e.g., Section 8 vouchers for mobile homes). Exit Strategies: Hold for cash flow, sell parcels individually, or redevelop. 3 Parcels 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. Would you like a financial breakdown (cap rate, NOI, etc.) or comps to refine discretion further?
Property Details
Price:
$1,099,000
MLS #:
225001809
Status:
Active
Baths:
0
Address:
38624 E 15th Street
Type:
Residential Income
Neighborhood:
plmpalmdale
City:
Palmdale
Listed Date:
Apr 11, 2025
State:
CA
ZIP:
93550
Lot Size:
27,314 sqft / 0.63 acres (approx)
Year Built:
1953
See this Listing
Mortgage Calculator
Schools
Interior
Flooring
Carpet, Laminate
Exterior
Association Amenities
Pool
Garage Spaces
2.00
Parking Spots
2.00
Pool Features
In Ground, Private
Stories Total
1
Financial
Tenant Pays
Cable T V, Gas
Map
Community
- Address38624 E 15th Street Palmdale CA
- AreaPLM – Palmdale
- CityPalmdale
- CountyLos Angeles
- Zip Code93550
Similar Listings Nearby
- 38625 E 25th Street
Palmdale, CA$1,299,000
0.97 miles away
- 38717 E 6th street
Palmdale, CA$975,000
0.99 miles away
- 38501 Larkin Avenue
Palmdale, CA$899,000
1.11 miles away
- 120 E Avenue Q7
Palmdale, CA$859,000
1.50 miles away
- 38564 E 5th Street
Palmdale, CA$839,999
1.02 miles away
- 38635 E 5th Street
Palmdale, CA$799,000
1.05 miles away
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