Palmdale (PLM) Homes with Covered Parking features

Palmdale (PLM) Homes with Covered Parking features

Welcome to Palmdale, California, a vibrant city nestled in the heart of Los Angeles County. Known for its stunning desert landscapes and welcoming community, Palmdale offers a unique blend of suburban charm and urban convenience. With its sunny climate and an abundance of outdoor activities, residents can enjoy everything from hiking in the nearby San Gabriel Mountains to exploring local parks and recreational facilities.

Palmdale is not just a beautiful place to live; it’s also a growing hub for families, professionals, and retirees alike. The city boasts a variety of amenities, including shopping centers, dining options, and excellent schools, making it an ideal location for those seeking a balanced lifestyle. Plus, with easy access to major highways, commuting to Los Angeles and surrounding areas is a breeze.

When it comes to housing, Palmdale offers a diverse selection of homes, many of which feature the highly sought-after attribute of covered parking. Imagine coming home to a cozy abode where your vehicle is sheltered from the elements, providing both convenience and peace of mind. Homes with covered parking are perfect for those who value their vehicles or simply want to protect them from the California sun. Whether you’re looking for a charming single-family home or a modern townhouse, Palmdale has something to suit every taste and budget.

Discover the beauty and potential of Palmdale today! With its welcoming atmosphere and desirable amenities, you’ll find that this city truly feels like home. Explore the available listings and start your journey toward owning a piece of this fantastic community.

Newest Palmdale (PLM) Homes with Covered Parking features

$11,250,000
62 Beds 78 Baths 26845169 MLS Active Status
We are pleased to present 38225 9th Street East, a 31-unit brand new construction townhome development located in Palmdale, California. The offering is being brought to market vacant and pre-Certificate of Occupancy, providing an incoming investor full control over lease-up strategy, tenant selection, and initial rent structuring, including the ability to set rents at or above market from day one with no inherited tenancy issues. The subject property is also located within a federally designated Qualified Opportunity Zone, providing investors a rare window to acquire a newly delivered asset at favorable basis with meaningful tax deferral and exclusion benefits. Each of the 31 units is a two-bedroom/two-and-a-half-bath townhome-style apartment across four three-story buildings, featuring 1,500 SF of living space, nine-foot ceilings, private enclosed tandem parking garages, large private balconies, in-unit washer/dryer, stainless steel appliances, and condo-quality finishes throughout, a product type with virtually no direct competition in the Antelope Valley rental market. At the asking price of $11,250,000, the property is offered at $362,903 per unit and $248 per square foot, reflecting a 6.06% blended cap rate at market rents. With no comparable new construction rental product available in the submarket, the incoming investor benefits from a first mover pricing advantage and the ability to establish market rents in an under supplied, demand constrained environment. Palmdale is one of the most under supplied multifamily markets in Los Angeles County, with no significant market-rate apartment product delivered since the 1980s. Renter demand is driven by a deep and growing base of aerospace, defense, and healthcare professionals employed by major regional anchors including Lockheed Martin, Northrop Grumman and Boeing - all within close proximity to Air Force Plant 42. The strength of this demand is further evidenced by the delivery of five new hotel and hospitality assets totaling more than 550 keys in Palmdale over the last five years alone. The property is situated directly across from Palmdale City Hall on a major thoroughfare carrying 12,800 vehicles per day, one mile from the SR-14 Freeway, and proximate to Palmdale Marketplace, Antelope Valley Mall, and Palmdale Regional Medical Center. Looking ahead, the Palmdale Transportation Center is designated as a key station on the California High-Speed Rail system, with the Palmdale-to-Burbank segment already environmentally cleared and a formal city-state agreement executed to develop a multimodal hub connecting HSR, Metrolink, Brightline West, and Amtrak - reducing travel time to the Burbank/LA corridor to approximately 20 minutes and representing a compelling long-term appreciation catalyst for the investment.

38225 E 9th Street Unit Q11/9T, Palmdale

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.