This 6-unit property in East Palmdale offers a rare investment opportunity, whether as a high-performing income asset or a redevelopment play. The existing unit mix includes (5) studios and (1) one-bedroom/one-bathroom unit, all of which will be fully occupied with strong rental income. Situated within an Opportunity Zone on a 20,000 SF lot, the property also includes an adjacent 10,000 SF parcel, totaling 30,000 SF of land. The site benefits from Palmdale Transit Area Specific Plan and Urban Core zoning, allowing for high-density development of 50-60 dwelling units per acre—making it ideal for multifamily or mixed-use projects. Its strategic location near the Palmdale Transportation Center ensures strong tenant demand, while Palmdale’s affordable entry point compared to other LA markets enhances its appeal as a high-growth investment opportunity.
Property Details
Price:
$975,000
MLS #:
250023272SD
Status:
Pending
Baths:
0
Address:
38717 E 6th street
Type:
Residential Income
City:
Palmdale
Listed Date:
Apr 2, 2025
State:
CA
ZIP:
93550
Year Built:
1951
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Stories Total
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Community
- Address38717 E 6th street Palmdale CA
- CityPalmdale
- CountyLos Angeles
- Zip Code93550
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38717 E 6th street
Palmdale, CA
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