1218 E Avenue Q Palmdale, CA 93550
East Palmdale NeighborhoodEstimated payment $41,518/month
About This Home
Rare High-Upside Value-Add Opportunity! 24-Unit Apartment Complex with 6 VACANT Units Ready for Immediate Lease-Up. All Units have been Upgraded. Perfect for an Investor Looking to Capture Instant Equity and Rapidly Increase Cash Flow. Strong 2 Bed and 1 Bath Unit with High Rental Demand. Significant Upside Through Leasing Vacant Units at Market Rents and Repositioning Remaining Units. Existing Ownership Pays Water and Trash Clear Path to Improving NOI Through Expense Pass-Throughs. Additional Income Potential from On-Site Laundry.Property Offers Carport Parking and Private Balconies on Upstairs Units, Enhancing Tenant Appeal and Rent Premiums. Ideal for Experienced Investor Seeking a Heavy Value-Add or Stabilization Play with Major Income Growth Potential. Sold As-Is. Buyer to Verify all Information. Do Not Disturb Tenants.
Listing Agent
Berkshire Hathaway HomeServices Troth, REALTORS License #01804005 Listed on: 04/28/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 1.21 Acre Lot
Home Design
- 23,230 Sq Ft Home
- Tile Roof
- Wood Siding
- Stucco
Bedrooms and Bathrooms
- 48 Bedrooms
- 24 Bathrooms
Community Details
- 24 Units
Listing and Financial Details
- Assessor Parcel Number 3015-011-033
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $29,722 | $1,601,460 | $240,215 | $1,361,245 |
| 2024 | $27,080 | $1,570,059 | $235,505 | $1,334,554 |
| 2023 | $26,853 | $1,539,275 | $230,888 | $1,308,387 |
| 2022 | $25,886 | $1,509,094 | $226,361 | $1,282,733 |
| 2021 | $25,269 | $1,479,505 | $221,923 | $1,257,582 |
| 2020 | $25,759 | $1,467,686 | $219,648 | $1,248,038 |
| 2019 | $25,482 | $1,438,975 | $215,342 | $1,223,633 |
| 2018 | $25,182 | $1,410,826 | $211,120 | $1,199,706 |
| 2016 | $23,100 | $1,352,824 | $202,923 | $1,149,901 |
| 2015 | $22,427 | $1,332,504 | $199,875 | $1,132,629 |
| 2014 | $22,091 | $1,306,403 | $195,960 | $1,110,443 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/28/2026 04/28/26 | For Sale | $7,200,000 | -- | $310 / Sq Ft |
Source: Greater Antelope Valley Association of REALTORS®
MLS Number: 26003423
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
- 0 Ave Q2 Vic 15th Ste Unit 26003814
- 38710 10th St E Unit 12
- 38710 10th St E
- 38710 10th St E Unit 18
- 38710 10th St E Unit 15
- 38520 12th St E
- 38465 12th St E
- 38652 9th St E
- 1529 E Avenue q6
- 0 Cor 9th Ste & Ave Q Unit Q
- 38588 9th St E
- 38857 9th St E
- 38587 9th St E
- 38833 Rambler Ave
- 1634 Sweetbrier St
- 802 E Avenue q4
- 0 12th Place E
- 1814 E Avenue Q
- 1720 Sweetbrier St
- 32 6th St E
- 38722 11th St E
- 38729 11th St E
- 38710 10th St E Unit 12
- 38719-38729 10th St E
- 38557 10th Place E Unit 1
- 1503 E Avenue q6
- 1503 E Avenue q6
- 38830 9th St E
- 38832 9th St E
- 835 E Avenue Q Unit 835
- 38594 Friendly Ave
- 1621 E Avenue q6
- 38907 Rambler Ave
- 38705 20th St E
- 509 E Ave Q Unit B
- 509 E Avenue Q-2 Unit B
- 510 E Avenue q2 Unit A
- 518 E Avenue q4 Unit 5
- 504 E Ave Q3 Unit 4
- 454 E Avenue q3 Unit 5
Ask me questions while you tour the home.