558 E Avenue q12 Palmdale, CA 93550
East Palmdale NeighborhoodEstimated payment $5,065/month
Highlights
- 0.5 Acre Lot
- No HOA
- Laundry Room
- Private Yard
- Evaporated cooling system
- Tile Flooring
About This Home
INCREASED INCOME, BUYER FELL OUT OF ESCROW - With a zoning of R3, the lot allows for the construction of up to 15 units, offering significant development potential. The property features three separate water, electric, and gas meters, providing individual utility setups for each unit.
Each unit is thoughtfully designed, with the convenience of a private garage and a personal backyard. Parking is available on the street or in front of the units, ensuring accessibility for residents. The great curb appeal adds to the overall attractiveness of the property.
Noteworthy improvements include a newer roof for two of the back units and the addition of new copper pipes in one of the back vacant units. The occupied back unit boasts a modern kitchen with a newer backsplash and includes a bar counter. The front unit, being larger in size, offers spacious living quarters.
Furthermore, the conversion of the garage into an unpermitted third bedroom with a kitchen and bath in one of the units adds versatility to the property. The complex is well-maintained, reflecting the care and attention invested in its upkeep.
Situated in a highly desirable area for commuters, the property's proximity to the freeway, train, and highway, as well as nearby shopping options, enhances its appeal. Overall, this triplex presents a promising investment opportunity with substantial upside potential. This triplex listing presents a lucrative opportunity for potential investors or buyers.
Listing Agent
AGENCY 8 REAL ESTATE GROUP Brokerage Phone: 909-851-9953 License #01506646 Listed on: 01/16/2024
Co-Listing Agent
New Leaf Property Management Brokerage Phone: 909-851-9953 License #02243972
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,749
Year Built
- Built in 1949
Lot Details
- 0.5 Acre Lot
- 1 Common Wall
- Desert faces the back of the property
- Rectangular Lot
- Level Lot
- Private Yard
- Front Yard
- Density is 26-30 Units/Acre
Parking
- 3 Car Garage
Home Design
- Property Attached
Interior Spaces
- 3,122 Sq Ft Home
- 1-Story Property
- Family Room with Fireplace
- Tile Flooring
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Utilities
- Evaporated cooling system
- Central Heating
- Wall Furnace
- Water Heater
Listing and Financial Details
- Tax Lot 48
- Assessor Parcel Number 3009011014
- $2,029 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $1,500
- Operating Expense $1,500
- Gross Income $48,000
- Net Operating Income $48,000
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 | $10,749 | $743,886 | $114,444 | $629,442 |
| 2024 | $10,749 | $729,300 | $112,200 | $617,100 |
| 2023 | $10,649 | $715,000 | $110,000 | $605,000 |
| 2022 | $4,996 | $247,844 | $66,980 | $180,864 |
| 2021 | $4,884 | $242,985 | $65,667 | $177,318 |
| 2019 | $4,751 | $235,779 | $63,720 | $172,059 |
| 2018 | $4,692 | $231,157 | $62,471 | $168,686 |
| 2016 | $4,408 | $222,184 | $60,047 | $162,137 |
| 2015 | $4,373 | $218,848 | $59,146 | $159,702 |
| 2014 | $4,240 | $205,500 | $55,500 | $150,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/03/2025 08/03/25 | Pending | -- | -- | -- |
| 06/18/2025 06/18/25 | Price Changed | $765,000 | +2.0% | $245 / Sq Ft |
| 05/22/2025 05/22/25 | Price Changed | $750,000 | +2.0% | $240 / Sq Ft |
| 05/21/2024 05/21/24 | Price Changed | $735,000 | -2.0% | $235 / Sq Ft |
| 01/16/2024 01/16/24 | For Sale | $750,000 | +4.9% | $240 / Sq Ft |
| 10/13/2022 10/13/22 | Sold | $715,000 | 0.0% | $229 / Sq Ft |
| 08/08/2022 08/08/22 | Pending | -- | -- | -- |
| 07/27/2022 07/27/22 | Price Changed | $715,000 | -4.0% | $229 / Sq Ft |
| 06/20/2022 06/20/22 | For Sale | $745,000 | -- | $239 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $715,000 | Corinthian Title | |
| Grant Deed | $185,000 | Equity Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $500,500 | New Conventional | |
| Previous Owner | $300,000 | New Conventional | |
| Previous Owner | $354,000 | New Conventional | |
| Previous Owner | $370,000 | Unknown | |
| Previous Owner | $250,000 | Unknown | |
| Previous Owner | $85,000 | Seller Take Back |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV23229589
APN: 3009-011-014
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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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