38605 25th St E
Palmdale, CA 93550
10 Beds8 Baths5,626 Sq Ft87 Days on Market
For Sale $1,675,000
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Courtesy of Keller Williams Realty Calabasas
Listing Agent & Comments
Anie Mayelian • Keller Williams Realty Calabasas
818-514-2424 • anie@mayeliangroup.com License #00778825We are pleased to present a cash flowing 4 unit building in Palmdale with a cap rate of 7.5% in an opportunity zone! Located in Los Angeles County and built in 1988, the property is not subject to City of LA rent control and only subject to CA AB 1482, which allows for 8.9% annual rent increases. Amazing unit mix of three 4 bedroom / 2 bath units and one 3 bedroom / 2 bath unit with total income of $165,396. 2 units are currently vacant, allowing the buyer to achieve market rents! Each unit is spacious, with its own yard, garage, and privacy similar to a single family home. The units are completely remodeled and feature new kitchens, bathrooms, new flooring, in-unit washer/dryers, newer appliances, tiled fireplaces, and garage cabinetry. The occupied units are currently rented to Section 8 tenants, thereby generating consistent cash flow. Each unit also has an attached garage with space for 2 cars and additional parking spaces on the driveway. Set on a large lot of appx. ± 31,131 sq. ft. and in a quiet cul-de-sac, the building presents itself as a tranquil apartment community for renters. Minutes from Palmdale Shopping Mall, Blackbird Airpark, Palmdale Regional Airport, and major aerospace employers such as Boeing, Lockheed Martin, and Northrop Grumman, which are all within a 15
MLS# CRSR24129305 • Data provided by BayEast/CCAR/bridgeMLS
Living Area | 5,626 Sq.Ft. |
---|---|
Lot Size | 0.7 Acres |
Total Rooms | -- |
Bedrooms | 10 |
Bathrooms | 8 |
Stories | -- |
Year Built | 1988 |
Property Type | Multi Family |
Zoning | PDR1* |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $11,819 |
Property in Flood Zone | -- |
Data provided by BayEast/CCAR/bridgeMLS.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,656,538
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
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HouseCanary, Inc. Brokerage
38605 25th St E, Palmdale, CA 93550
Multi Family10 Beds8 Baths5,626 Sq Ft87 Days on Market
Listing Agent & Comments
Anie Mayelian • Keller Williams Realty Calabasas
818-514-2424 • anie@mayeliangroup.com License #00778825We are pleased to present a cash flowing 4 unit building in Palmdale with a cap rate of 7.5% in an opportunity zone! Located in Los Angeles County and built in 1988, the property is not subject to City of LA rent control and only subject to CA AB 1482, which allows for 8.9% annual rent increases. Amazing unit mix of three 4 bedroom / 2 bath units and one 3 bedroom / 2 bath unit with total income of $165,396. 2 units are currently vacant, allowing the buyer to achieve market rents! Each unit is spacious, with its own yard, garage, and privacy similar to a single family home. The units are completely remodeled and feature new kitchens, bathrooms, new flooring, in-unit washer/dryers, newer appliances, tiled fireplaces, and garage cabinetry. The occupied units are currently rented to Section 8 tenants, thereby generating consistent cash flow. Each unit also has an attached garage with space for 2 cars and additional parking spaces on the driveway. Set on a large lot of appx. ± 31,131 sq. ft. and in a quiet cul-de-sac, the building presents itself as a tranquil apartment community for renters. Minutes from Palmdale Shopping Mall, Blackbird Airpark, Palmdale Regional Airport, and major aerospace employers such as Boeing, Lockheed Martin, and Northrop Grumman, which are all within a 15
MLS# CRSR24129305 • Data provided by BayEast/CCAR/bridgeMLS
Living Area | 5,626 Sq.Ft. |
---|---|
Lot Size | 0.7 Acres |
Total Rooms | -- |
Bedrooms | 10 |
Bathrooms | 8 |
Stories | -- |
Year Built | 1988 |
Property Type | Multi Family |
Zoning | PDR1* |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $11,819 |
Property in Flood Zone | -- |
Data provided by BayEast/CCAR/bridgeMLS.
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
For Sale $1,675,000
Request tour
Save
Courtesy of Keller Williams Realty Calabasas
38605 25th St E
Palmdale, CA 93550
10 Beds8 Baths5,626 Sq Ft87 Days on Market
Listing Agent & Comments
Anie Mayelian • Keller Williams Realty Calabasas
818-514-2424 • anie@mayeliangroup.com License #00778825We are pleased to present a cash flowing 4 unit building in Palmdale with a cap rate of 7.5% in an opportunity zone! Located in Los Angeles County and built in 1988, the property is not subject to City of LA rent control and only subject to CA AB 1482, which allows for 8.9% annual rent increases. Amazing unit mix of three 4 bedroom / 2 bath units and one 3 bedroom / 2 bath unit with total income of $165,396. 2 units are currently vacant, allowing the buyer to achieve market rents! Each unit is spacious, with its own yard, garage, and privacy similar to a single family home. The units are completely remodeled and feature new kitchens, bathrooms, new flooring, in-unit washer/dryers, newer appliances, tiled fireplaces, and garage cabinetry. The occupied units are currently rented to Section 8 tenants, thereby generating consistent cash flow. Each unit also has an attached garage with space for 2 cars and additional parking spaces on the driveway. Set on a large lot of appx. ± 31,131 sq. ft. and in a quiet cul-de-sac, the building presents itself as a tranquil apartment community for renters. Minutes from Palmdale Shopping Mall, Blackbird Airpark, Palmdale Regional Airport, and major aerospace employers such as Boeing, Lockheed Martin, and Northrop Grumman, which are all within a 15
MLS# CRSR24129305 • Data provided by BayEast/CCAR/bridgeMLS
Living Area | 5,626 Sq.Ft. |
---|---|
Lot Size | 0.7 Acres |
Total Rooms | -- |
Bedrooms | 10 |
Bathrooms | 8 |
Stories | -- |
Year Built | 1988 |
Property Type | Multi Family |
Zoning | PDR1* |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $11,819 |
Property in Flood Zone | -- |
Data provided by BayEast/CCAR/bridgeMLS.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,656,538
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
For Sale $1,675,000
Request tour
Save
Courtesy of Keller Williams Realty Calabasas