38457 10th Place E Palmdale, CA 93550
East Palmdale NeighborhoodEstimated payment $5,083/month
Highlights
- Laundry Room
- Central Heating and Cooling System
- Back Yard
About This Home
38451 & 38457 10th Place East are side-by-side four-unit properties offering a total of 8 units and qualifying for residential financing. Both properties must be purchased together. Each property is priced at $789,000 and delivers a cap rate exceeding 8%. The buildings offer approximately 3,578 square feet of rentable space each and were built in 1990, featuring durable block construction and central cooling, and have been recently remodeled and freshly painted. Utilities are separately metered for gas and electricity, and each unit includes dedicated parking. The properties also offer potential for additional units or ADUs.
Listing Agent
Sync Brokerage Brokerage Phone: 818-723-9071 License #02021891 Listed on: 01/08/2026
Property Details
Home Type
- Apartment
Year Built
- Built in 1990
Lot Details
- 7,799 Sq Ft Lot
- No Common Walls
- Back Yard
Parking
- 4 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 3,587 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 13
- Tax Tract Number 15688
- Assessor Parcel Number 3015003012
- $2,701 per year additional tax assessments
Community Details
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,700
- Trash Expense $1,080
- Water Sewer Expense $1,900
- Operating Expense $5,680
- Gross Income $85,500
- Net Operating Income $65,686
Additional Features
- 4 Units
- Laundry Facilities
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 | $11,826 | $765,000 | $229,500 | $535,500 |
| 2024 | $11,826 | $750,000 | $225,000 | $525,000 |
| 2023 | $11,032 | $688,500 | $132,600 | $555,900 |
| 2022 | $10,607 | $675,000 | $130,000 | $545,000 |
| 2021 | $3,835 | $106,748 | $31,393 | $75,355 |
| 2019 | $3,760 | $103,584 | $30,463 | $73,121 |
| 2018 | $3,715 | $101,554 | $29,866 | $71,688 |
| 2016 | $3,525 | $97,612 | $28,707 | $68,905 |
| 2015 | $3,480 | $96,146 | $28,276 | $67,870 |
| 2014 | $3,463 | $94,264 | $27,723 | $66,541 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/08/2026 01/08/26 | For Sale | $789,000 | -- | $220 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $750,000 | Priority Title | |
| Grant Deed | $675,000 | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $675,000 | Construction | |
| Previous Owner | $520,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR26005317
APN: 3015-003-012
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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