Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Associated Brokers
Property view
Listing view 2
Listing view 3

38624 15th Street E, 
Palmdale, CA 93550

$1,099,000


12

Beds


7

Baths


3,629

Sq Ft


Multi-Family

Active

Listed by

Samir Rafeh

eXp Realty Of California Inc

888-584-9427

Last updated:

May 7, 2025, 01:19 PM

MLS#

225001808

Source:

CALREDD

About This Home

38624 15th Street E

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 DiscretionStrong 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 ConsiderationsZoning 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?

Home Facts

Multi-Family

7 Baths

12 Bedrooms

Built in 1953

Price Summary

1,099,000

$302 per Sq. Ft.

MLS #:

225001808

Last Updated:

May 7, 2025, 01:19 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

7

Full Bathrooms:

7

Interior

Living Area:

3,629 Sq. Ft.


Structure

Structure

Building Area:

3,629 Sq. Ft.

Year Built:

1953


Lot

Lot Size (Sq. Ft):

35,270


Finances & Disclosures

Finances

Price:

$1,099,000

Price per Sq. Ft:

$302 per Sq. Ft.

Source:CALREDD
Based on information from California Regional Multiple Listing Service, Inc. as of May 10, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.