1218 E Avenue Q Palmdale, CA 93550
East Palmdale NeighborhoodEstimated payment $41,366/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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/28/2026 04/28/26 | For Sale | $7,200,000 | -- | $310 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,250,012 | Fidelity National Title Co | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | None Available | |
| Grant Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Chicago Title Co | |
| Grant Deed | $518,000 | Chicago Title Co | |
| Grant Deed | $520,000 | Investors Title Company | |
| Trustee Deed | $818,801 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $500,000 | Commercial |
Source: Greater Antelope Valley Association of REALTORS®
MLS Number: 26003423
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