Cynthia Cruz
Responds Quickly
eXp Realty of Southern Califor
(442) 282-6571
44 Total Sales
2 in East Palmdale
$550,000 Price Range
38717 6th St E Palmdale, CA 93550
East Palmdale Neighborhood
6
Beds
6
Baths
2,000
Sq Ft
0.45
Acre Lot
About This Home
As of July 2025This 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
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1951
Lot Details
- 0.45
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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 3, 2025
Closed on
Jun 10, 2025
Sold by
Bought by
Seller's Agent
Jason Lee
Nara Advisors, Inc.
Buyer's Agent
Gregory Roberts
Coldwell Banker Realty
List Price
$975,000,000
Sold Price
$925,000
Premium/Discount to List
-$974,075,000
-99.91%
Views
8
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,705
Interest Rate
6.85%
Mortgage Type
Construction
Purchase Details
Closed on
Sep 23, 2024
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.46%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 19, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.6%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 20, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.6%
Mortgage Type
Construction
Purchase Details
Closed on
Feb 4, 2010
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.97%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 28, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.2%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 21, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.2%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 20, 2006
Sold by
Bought by
Purchase Details
Closed on
Mar 3, 2005
Sold by
Bought by
Purchase Details
Closed on
Jul 2, 1999
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in East Palmdale, CA
-
Cynthia Cruz
-
Robert Carillo
Robert Carillo
Responds QuicklyElevate Real Estate Agency
(213) 577-2354
18 Total Sales
1 in East Palmdale
$420,000 Price
-
Jason Lowery
Jason Lowery
Compass
(747) 229-0866
88 Total Sales
2 in East Palmdale
$580,000 Price Range
-
Christina Powers
Christina Powers
KW The Lakes
(951) 395-8485
55 Total Sales
1 in East Palmdale
$422,000 Price
-
Mauro Lopez
Mauro Lopez
Responds QuicklyCentury 21 Masters
(747) 237-4772
62 Total Sales
15 in East Palmdale
$360K - $697K Price Range
-
Stephen Rudnicki
Stephen Rudnicki
Responds QuicklyRemax Foothills
(909) 764-3820
50 Total Sales
2 in East Palmdale
$450,000 Price Range
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $925,000 | First American Title Company | ||
| -- | None Listed On Document | ||
| -- | Lawyers Title | ||
| $410,000 | Lawyers Title | ||
| $125,000 | Lawyers Title | ||
| -- | Chicago Title Co | ||
| $250,000 | Chicago Title Co | ||
| -- | None Available | ||
| $300,000 | Chicago Title Co | ||
| -- | -- |
Source: Public Records
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 | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $690,705 | ||
| Previous Owner | $520,000 | ||
| Previous Owner | $300,000 | ||
| Previous Owner | $260,000 | ||
| Previous Owner | $260,000 | ||
| Previous Owner | $75,000 | ||
| Previous Owner | $125,000 | ||
| Previous Owner | $350,000 |
Source: Public Records
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 |
|---|---|---|---|---|
| 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
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 | $10,775 | $355,431 | $191,386 | $164,045 |
| 2024 | $10,266 | $348,463 | $187,634 | $160,829 |
| 2023 | $9,968 | $341,631 | $183,955 | $157,676 |
| 2022 | $9,665 | $334,934 | $180,349 | $154,585 |
| 2021 | $9,518 | $328,367 | $176,813 | $151,554 |
| 2020 | $9,337 | $325,000 | $175,000 | $150,000 |
| 2019 | $7,044 | $144,633 | $57,852 | $86,781 |
| 2018 | $6,982 | $141,798 | $56,718 | $85,080 |
| 2016 | $6,760 | $136,293 | $54,516 | $81,777 |
| 2015 | $6,701 | $134,247 | $53,698 | $80,549 |
| 2014 | $6,687 | $131,619 | $52,647 | $78,972 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2025
Jason Lee
Nara Advisors, Inc.
-
T
Seller Co-Listing Agent in 2025
Tyler Brand
Nara Advisors
-
Gregory Roberts
Buyer's Agent in 2025
Gregory Roberts
Coldwell Banker Realty
(310) 686-6119
1 in this area
74 Total Sales
Map
Source: San Diego MLS
MLS Number: 250023272
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