Seller Will payoff Solar before close of escrow Investment Property Discretion Summary Location 38624 15th St East, Palmdale, CA 93550
Parcels: 2 (Combined Use)
Property Type Mixed (3 Homes + 2 Mobile Homes)
Total Monthly Income $8,900
Positioning: Heart of Palmdale (Prime Urban Location)
Key Highlights for Discretion
Strong Cash Flow**
$8,900/month gross income offers immediate ROI potential.
- Versatile tenant options (residential or blended use).
Strategic Location**
Urban center proximity ensures high demand for housing/rentals.
Access to amenities (transit, schools, retail) enhances tenant retention.
Dual-Parcel Flexibility
Subdivision potential (sell/develop parcels separately).
-Expansion options (e.g., ADUs, lot splits per local zoning).
4. Hybrid Housing Model
- Traditional homes attract long-term tenants; mobile homes cater to affordable housing demand.
Diversified income reduces vacancy risk.
Value-Add Opportunities
Renovate mobile homes for higher rents or convert to tiny homes.
Explore city incentives for multi-family or mixed-use development.
Market Resilience ,
Palmdale's growth (AV Valley demand, proximity to LA) supports appreciation.
Scarcity of centrally located multi-unit properties boosts long-term value,
Discretionary Considerations
Zoning Verify allowable uses (e.g., R3 for multi-family, mobile home ordinances).
-Expenses: Factor in maintenance (mobile homes require upkeep) and property management,
Tenant Mix: Screen for stable occupancy (e.g., Section 8 vouchers for mobile homes).
Exit Strategies: Hold for cash flow, sell parcels individually, or redevelop.
3 Parcels Target Audience Buyers seeking cash flow, developers eyeing infill potential, or landlords wanting a turnkey portfolio starter.
Final Note A rare blend of income, location, and adaptability ideal for hands-on or passive investors.
Would you like a financial breakdown (cap rate, NOI, etc.) or comps to refine discretion further?
Foreclosure
$1,099,000
38624 15th St E, Palmdale, CA 93550
1210beds
3,629sqft
Multi Family
Built in 1953
-- sqft lot
$1,084,300 Zestimate®
$303/sqft
$-- HOA
What's special
Traditional homes
- 108 days
- on Zillow |
- 429 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: May 01, 2025 at 06:31pm
Listed by:
Samir Rafeh DRE #01978836 805-857-3440,
eXp Realty of California Inc
Source: CSMAOR,MLS#: 225001808

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1210
- Bathrooms: 7
- Full bathrooms: 7
Features
- Flooring: Carpet, Laminate
- Has fireplace: Yes
- Fireplace features: Other
Interior area
- Total structure area: 3,629
- Total interior livable area: 3,629 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Stories: 1
- Entry location: Main Level
- Has private pool: Yes
- Pool features: Private
Lot
- Size: 0.81 Acres
Details
- Parcel number: 3015015039
- Special conditions: Real Estate Owned,Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1953
Community & HOA
Location
- Region: Palmdale
Financial & listing details
- Price per square foot: $303/sqft
- Tax assessed value: $383,844
- Annual tax amount: $5,925
- Date on market: 4/13/2025
- Listing terms: Take Property As Is,Owner Will Carry,Owner May Carry,Fannie Mae,Conventional,All Inclusive Trust Deed
- Tenant pays: Gas, Cable TV
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