38624 15th St E Palmdale, CA 93550
East Palmdale NeighborhoodEstimated payment $6,576/month
Total Views
8,111
12
Beds
7
Baths
3,629
Sq Ft
$303
Price per Sq Ft
Highlights
- In Ground Pool
- Fireplace
- Carpet
- 0.81 Acre Lot
- West Facing Home
- 1-Story Property
About This Home
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?
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,925
Year Built
- Built in 1953
Lot Details
- 0.81 Acre Lot
- West Facing Home
Parking
- 2 Car Garage
Home Design
- Cosmetic Repairs Needed
Interior Spaces
- 3,629 Sq Ft Home
- 1-Story Property
- Fireplace
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 12 Bedrooms
- 7 Full Bathrooms
Pool
- In Ground Pool
- Outdoor Pool
Community Details
- 5 Units
Listing and Financial Details
- REO, home is currently bank or lender owned
- Assessor Parcel Number 3015015039
- Seller Considering Concessions
Map
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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 |
|---|---|---|---|---|
| 2024 | $5,925 | $383,844 | $95,960 | $287,884 |
| 2023 | $5,903 | $376,319 | $94,079 | $282,240 |
| 2022 | $5,673 | $368,941 | $92,235 | $276,706 |
| 2021 | $5,580 | $361,708 | $90,427 | $271,281 |
| 2020 | $3,047 | $155,042 | $34,452 | $120,590 |
| 2019 | $3,020 | $152,003 | $33,777 | $118,226 |
| 2018 | $2,983 | $149,023 | $33,115 | $115,908 |
| 2016 | $2,794 | $143,238 | $31,830 | $111,408 |
| 2015 | $2,772 | $141,087 | $31,352 | $109,735 |
| 2014 | $2,753 | $138,324 | $30,738 | $107,586 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2025 05/02/25 | Price Changed | $1,099,000 | 0.0% | $303 / Sq Ft |
| 05/02/2025 05/02/25 | Price Changed | $1,099,000 | +2.7% | $303 / Sq Ft |
| 04/13/2025 04/13/25 | For Sale | $1,070,000 | 0.0% | $295 / Sq Ft |
| 04/13/2025 04/13/25 | For Sale | $1,070,000 | -- | $295 / Sq Ft |
Source: Conejo Simi Moorpark Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | Stewart Title Company | |
| Grant Deed | -- | None Available | |
| Grant Deed | $190,000 | Fidelity Van Nuys | |
| Grant Deed | $600,000 | Fidelity National Title | |
| Quit Claim Deed | -- | Fidelity | |
| Grant Deed | -- | Fidelity National Title | |
| Trustee Deed | $32,588 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $366,300 | FHA | |
| Closed | $264,550 | FHA | |
| Previous Owner | $185,183 | FHA | |
| Previous Owner | $479,200 | Fannie Mae Freddie Mac | |
| Previous Owner | $129,500 | Unknown |
Source: Public Records
Similar Home in Palmdale, CA
Source: Conejo Simi Moorpark Association of REALTORS®
MLS Number: 225001808
APN: 3015-015-039
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