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Sold for $2,175,000 on 09/26/23
  • $2,175,000

    38225 12th St E, Palmdale, CA 93550

    29beds
    15baths
    12,900sqft
    Multi Family
    Built in 1983
    -- sqft lot
    $-- Zestimate®
    $169/sqft
    $1,575 Estimated rent

    What's special

    Incredible value-add multi-family investment opportunity in the fast growing city of Palmdale CA. This rare investment opportunity for savvy investors is a 14-unit apartment complex with in long term tenants in place. This property was built in 1983, has a wood construction, and sits on + 21,463 sqft of land with + 12,900 sqft of improvements. The property is mostly uniform and is comprised of 13 Two-Bed/One-Bath units, and 1 Three-Bed/Two-Bath unit. All units are individually metered for gas and electric, and master metered for water. Property has gated access with 20 parking spaces, 14 of which are covered. Located in a working class area, this property is centrally located and has convenient access to public transportation, shopping, and dining. The city is currently reinvesting tax dollars in this area and improving city streets, literally, with re-paving the roads and installing new street lights. The property has been well-maintained and is in excellent condition, requiring minimal maintenance and upkeep. Plus, with a solid tenant base already in place, you can start generating income from day one. Property currently has below market rents and is in a position to possibly generate even more income.

    Zillow last checked: 7 hours ago

    Listing updated: October 22, 2024 at 08:23pm

    Listed by:

    Kesean Diamond DRE #02165946,

    Keller Williams Realty A.V.

    Bought with:

    Fabian L Terracciano, DRE #1025656

    RE/MAX All-Pro

    Source: GAVAR,MLS#: 23001990MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 29
    • Bathrooms: 15
    Interior area
    • Total structure area: 12,900
    • Total interior livable area: 12,900 sqft

    Property

    Parking
    • Total spaces: 12
    • Covered spaces: 12
    Lot
    • Size: 0.49 Acres
    Details
    • Parcel number: 3014028017
    • Zoning: R3

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Concrete, Frame, Stucco
    • Roof: Composition
    Condition
    • Year built: 1983

    Community & neighborhood

    Location
    • Region: Palmdale

    Other

    Other facts
    • Listing terms: Cash,Conventional
    Services availability