Seller Will payoff Solar before close of escrow Investment Property Discretion Summary Location 38624- 38622 15th St East, Palmdale, CA 93550 Two Parcel In APN# 3015 015 039 & Parcel APN #2 3015 015 040 Property Type Mixed (3 Homes + 2 Mobile Homes) Total Monthly Income $8,900 Positioning: Heart of Palmdale (Prime Urban Location) 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). 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 R3 for multi-family, mobile home ordinances Expenses: Factor in maintenance (mobile homes require upkeep) and property management, Tenant Mix: Screen for stable occupancy Section 8 vouchers for mobile homes Exit Strategies: Hold for cash flow, sell parcels individually, or redevelop. 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.
Days on market: 18
Listing updated: May 02, 2025 - 02:25:05
Listed by: Samir Rafeh DRE #01978836 (888) 584-9427, eXp Realty of California Inc - Conejo
Source: Conejo, MLS#: VCR-CB3182001 Originating MLS: CRMLS
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