38721 5th St E Unit 1-4 Palmdale, CA 93550
East Palmdale NeighborhoodEstimated payment $4,624/month
Highlights
- Traditional Architecture
- Neighborhood Views
- Cooling System Mounted To A Wall/Window
- No HOA
- Side by Side Parking
- Central Heating and Cooling System
About This Home
This gated fourplex in East Palmdale offers a prime opportunity for investors seeking consistent rental income. Situated on a generous lot, the building consists of four units each with two bedrooms and one bathroom. Both upper units are renovated with modern quartz countertops, shaker cabinetry, vinyl flooring in family rooms and kitchens, and newer HVAC. Remodeling the other units presents a unique chance for added value. Lower units offer private patios. Each unit includes access to an enclosed detached garage: one 1-car and three 2-car garages. Water, Gas and electricity are separately metered. An inactive laundry room provides potential for future utility income. Whether looking to generate income, live in one and rent the others, or create multi-generational space, this property offers total flexibility. Centrally located near schools, shopping, and major commuter routes, this is perfect for investors or owner-users. Do not disturb tenants; showings available only after an accepted offer.
Listing Agent
First Team Real Estate Brokerage Phone: 714-496-8852 License #01450929 Listed on: 06/02/2026
Property Details
Home Type
- Condominium
Year Built
- Built in 1969
Lot Details
- No Common Walls
- Wrought Iron Fence
- Density is up to 1 Unit/Acre
Parking
- 5 Car Garage
- Side by Side Parking
- Two Garage Doors
- On-Street Parking
Home Design
- Traditional Architecture
- Entry on the 1st floor
- Slab Foundation
- Stucco
Interior Spaces
- 3,340 Sq Ft Home
- 2-Story Property
- Neighborhood Views
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry in unit
- Washer and Gas Dryer Hookup
Home Security
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 74
- Tax Tract Number 14561
- Assessor Parcel Number 3008009023
- $2,654 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Gardener Expense $950
- Insurance Expense $2,200
- Trash Expense $2,700
- Water Sewer Expense $1,200
- New Taxes Expense $8,500
- Operating Expense $15,550
- Gross Income $70,740
- Net Operating Income $55,190
Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/02/2026 06/02/26 | For Sale | $719,999 | -- | $216 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26115351
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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