Rare opportunity to own a fully occupied income-producing duplex generating **$2,850/month ($34,200 annually)** in gross rental income. Offered at **$440,000**, this property features an attractive **GRM of 12.87** and an approximate **5.9% cap rate**. Each spacious 2-bedroom, 1-bath unit is tenant occupied, with tenants paying all utilities except water and trash. **The neighboring duplex at 410-412 E Ave Q-7 is also available for purchase**, creating an excellent opportunity to acquire two side-by-side investment properties. Conveniently located near shopping, schools, and commuter routes with strong rental demand. **Please do not disturb tenants. Drive-by only. Interior inspections available with an accepted offer.
Property Details
Price:
$440,000
MLS #:
SR26153408
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Duplex
Neighborhood:
plmpalmdale
Listed Date:
Jul 14, 2026
Total Sq Ft:
1,360
Lot Size:
6,003 sqft / 0.14 acres (approx)
Year Built:
1957
See this Listing
Schools
Interior
Laundry Features
WH
Levels
A
Exterior
Common Walls
NCW
Community Features
SL
Financial
Map
Community
- Address408 E Avenue Q7 Palmdale CA
- CityPalmdale
- CountyLos Angeles
- Zip Code93550
Subdivisions in Palmdale
Market Summary
Current real estate data for Single Family in Palmdale as of Aug 18, 2026
535
Single Family Listed
67
Avg DOM
265
Avg $ / SqFt
$542,138
Avg List Price
Property Summary
- 408 E Avenue Q7 Palmdale CA is a Single Family for sale in Palmdale, CA, 93550. It is listed for $440,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1957. The average price per square foot for Single Family listings in Palmdale is $265. The average listing price for Single Family in Palmdale is $542,138.
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