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 Details
Price:
$995,000
MLS #:
250018076SD
Status:
Active
Baths:
0
Address:
38717 E 6th street
Type:
Residential Income
City:
Palmdale
Listed Date:
Feb 4, 2025
State:
CA
ZIP:
93550
Year Built:
1951
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Electric, Forced Air
Exterior
Parking Spots
0.00
Stories Total
1
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Map
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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