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$1,750,000
17 Beds ⋅ 12 Baths ⋅ 26862043 MLS ⋅ Active Status
We are pleased to present 38110 10th St E, a 7-unit multifamily investment opportunity located in the growing Antelope Valley community of Palmdale, California. The property is offered at an attractive 7.24 GRM and 9.20% CAP Rate based on current rents upon full occupancy, providing investors with exceptional day-one cash flow. Constructed in 1979, the property features three separate residential buildings totaling approximately 6,866 rentable square feet. The unique unit mix consists of one (1) 7-bedroom/5-bathroom unit, one (1) 4-bedroom/2-bathroom unit, one (1) 2-bedroom/1-bathroom unit, and four (4) 1-bedroom/1-bathroom units, with one 1-bedroom/1-bathroom unit scheduled to be delivered vacant, providing an immediate opportunity to lease at market rent or occupy. Situated on an expansive 28,046 square foot PDR3-zoned lot, the property offers a rare combination of strong in-place income and long-term value-add potential. The oversized parcel provides ample excess land that may present the opportunity for Accessory Dwelling Units (ADUs) or additional site improvements (Buyer to independently verify development potential with the City of Palmdale). Existing parking is abundant and includes three separate carport structures providing 11 covered parking spaces, in addition to substantial on-site surface parking for residents and guests. The property is ideally located just two blocks east of Sierra Highway and only minutes from State Route 14, providing convenient access throughout the Antelope Valley as well as the greater Los Angeles region. Residents benefit from proximity to numerous employers, retail centers, schools, parks, and everyday amenities, including Palmdale Regional Medical Center, Lake Palmdale, Palmdale Regional Airport, Melville J. Courson Park, Desert Sands Park, and multiple neighborhood shopping centers. The surrounding area continues to experience steady residential growth, supporting long-term rental demand. With an attractive going-in yield, a vacant unit offering immediate upside, an oversized development-friendly lot, and a desirable location within one of Palmdale's established residential neighborhoods, 38110 10th St E presents investors with a compelling opportunity to acquire a high-yield multifamily asset with both stable cash flow and future value enhancement potential. Contact the listing broker for additional information.

38110 10th Street Unit E, Palmdale
$623,900
4 Beds ⋅ 3 Baths ⋅ SR26071164 MLS ⋅ Active Status
Welcome home to this beautifully updated and spacious four bedroom residence offering nearly 3,000 sq. ft. of comfortable living designed for both everyday living and effortless entertaining. The fourth bedroom is attached to the primary. From the moment you arrive, you’ll appreciate the impressive 4-car garage, complete with built-in cabinets, and an extended driveway providing plenty of room for additional parking—perfect for guests or recreational vehicles. Inside, the home welcomes you with fresh updates, new appliances, and stylish window treatments that create a bright, modern feel throughout. Enjoy gathering in the inviting living spaces featuring a cozy fireplace, two separate living areas, and both formal and casual dining spaces. The well-appointed kitchen is ideal for hosting, with a breakfast bar and charming breakfast nook that flows seamlessly into the heart of the home. Step outside to your private backyard retreat, where a covered, extended patio and a second outdoor patio offer multiple spaces to relax, dine, or entertain year-round. The expansive primary suite is a true sanctuary, complete with a luxurious jetted tub, separate stand-alone shower, dual closets, and a versatile retreat space—perfect for a home office, extra sitting room, any other ideas you can think of and may be easily convertible into a fourth bedroom. This home also features three additional full bedrooms, a large laundry room, a game room for fun and relaxation, and abundant storage throughout to keep everything organized with ease. The bonus room can easily be converted to the 4th bedroom, and is currently set up as a retreat off the primary bedroom. Enjoy enhanced energy efficiency with an owned solar panel system and whole house fan—helping you stay comfortable while keeping utility costs down. Conveniently located near lifestyle amenities, this home truly offers the perfect blend of comfort, functionality, and lifestyle.

2623 Taft, Palmdale

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.