$925,000
SOLD JUL 17, 2025

38717 6th St E Palmdale, CA 93550

East Palmdale Neighborhood
6 Beds
6 Baths
2,000 Sq Ft
0.45 Acres

Recently Sold

$462 Per Sq Ft

100% Below List Price

27 Days on Market

About This Home

As of July 2025

This 6-unit property in East Palmdale offers a rare investment opportunity, whether as a high-performing income asset or a redevelopment play. The existing unit mix includes (5) studios and (1) one-bedroom/one-bathroom unit, all of which will be fully occupied with strong rental income. Situated within an Opportunity Zone on a 20,000 SF lot, the property also includes an adjacent 10,000 SF parcel, totaling 30,000 SF of land. The site benefits from Palmdale Transit Area Specific Plan and Urban Core zoning, allowing for high-density development of 50-60 dwelling units per acre—making it ideal for multifamily or mixed-use projects. Its strategic location near the Palmdale Transportation Center ensures strong tenant demand, while Palmdale’s affordable entry point compared to other LA markets enhances its appeal as a high-growth investment opportunity.

Last Agent to Sell the Property

Jason Lee

Nara Advisors, Inc. License #02068011 Listed on: 04/03/2025

Co-Listed By

Tyler Brand

Nara Advisors License #02214185

Last Buyer's Agent

Greg Roberts

Coldwell Banker Realty License #01376549

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Home Design

  • Ranch Property

Interior Spaces

  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Gravity Heating System

Community Details

  • 6 Units
  • Net Operating Income $78,000

Listing and Financial Details

  • Assessor Parcel Number 3008-011-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Cross Street: E Ave Q and Sierra Highway
  • Neighborhood: Antelope Valley
  • LP / Sq Ft: 12.5
  • Stories: 1 Story
  • Sale Price List Price: 0.95
  • Total Stories: 1
  • Year Built: 1951
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Utilities

  • Cooling: Swamp Cooler(s), Wall/Window
  • Heat Equipment: Wall/Gravity

Lot Info

  • Lot Size: .5 to 1 AC
  • Zoning: PTAS Urban
  • Additional Property Use: Ranch/Farm, With Structures
  • Assessor Parcel Number: 3008-011-007

Multi Family

  • No. of Units: 6
  • Actual Net Operating Income: 78000
  • Annual Expense Actual: 42000
  • Annual Expense Projected: 42000
  • Gross Rent Multiplier Actual: 12.0
  • Gross Rent Multiplier Projected: 12.0
  • Gross Sched Income Actual: 120600
  • Gross Sched Income Projected: 120600
  • Number Of Buildings: 1
  • Number Of Furnished Units: 2
  • Number Of Units With Cooling: 6
  • Number Of Units With Dryers: 1
  • Number Of Units With Range Oven: 6
  • Number Of Units With Refrigerator: 6

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2025 07/17/25 Sold $925,000 -5.1% $463 / Sq Ft
05/01/2025 05/01/25 Pending -- -- --
04/03/2025 04/03/25 Price Changed $975,000 -99.9% $488 / Sq Ft
04/03/2025 04/03/25 For Sale $975,000,000 -- $487,500 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jason Lee

    Seller's Agent in 2025

    Jason Lee

    Nara Advisors, Inc.

    (858) 336-9688

    1 in this area

    127 Total Sales

    Jason Lee
    Section Image
  • Tyler Brand

    Seller Co-Listing Agent in 2025

    Tyler Brand

    Nara Advisors

    (661) 886-1226

    3 in this area

    8 Total Sales

    Tyler Brand
    Section Image

  • G

    Buyer's Agent in 2025

    Greg Roberts

    Coldwell Banker Realty

See All Agents

Map

Source: San Diego MLS

MLS Number: 250023272

San Diego MLS
California Los Angeles County Palmdale 93550 East Palmdale

38717 6th St E, Palmdale, CA

This home is located at 38717 6th St E, Palmdale, CA 93550 and is currently priced at $925,000, approximately $462 per square foot. This property was built in 1951. 38717 6th St E is a home located in Los Angeles County with nearby schools including Yucca Elementary School, David G. Millen Magnet Academy, and Highland High School.

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