4 months on rocket

38605 25th St E, Palmdale, CA, 93550

$1,675,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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38605 25th St E, Palmdale$1,675,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingGarage
Garage8 spaces
Year Built1988
CoolingCentral Air
MLS #SR24129305
Lot Size0.71 Acres
StatusActive

About 38605 25th St E

We are pleased to present a cash flowing 4 unit building in Palmdale with a cap rate of 7.5% in an opportunity zone! Located in Los Angeles County and built in 1988, the property is not subject to City of LA rent control and only subject to CA AB 1482, which allows for 8.9% annual rent increases. Amazing unit mix of three 4 bedroom / 2 bath units and one 3 bedroom / 2 bath unit with total income of $165,108. 1 unit is currently vacant, allowing the buyer to achieve market rents! Each unit is spacious, with its own yard, garage, and privacy similar to a single family home. The units are completely remodeled and feature new kitchens, bathrooms, new flooring, in-unit washer/dryers, newer appliances, tiled fireplaces, and garage cabinetry. The occupied units are currently rented to Section 8 tenants, thereby generating consistent cash flow. Each unit also has an attached garage with space for 2 cars and additional parking spaces on the driveway. Set on a large lot of appx. ± 31,131 sq. ft. and in a quiet cul-de-sac, the building presents itself as a tranquil apartment community for renters. Minutes from Palmdale Shopping Mall, Blackbird Airpark, Palmdale Regional Airport, and major aerospace employers such as Boeing, Lockheed Martin, and Northrop Grumman, which are all within a 15 minutes drive from the subject property.

Property Details

Property Features

Property Information:

  • Year Built: 1988
  • Stories: 1

Listing Office:

  • Office Name: Keller Williams Realty Calabasas
  • Office Phone: (818) 915-9118
  • Listing Agent: Anie Mayelian

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 8 spaces
  • Parking: Garage

Lot Features

Lot Information:

  • Lot Size: 0.71 Acres

Utilities

Utilities Information:

  • Cooling: Central Air

Other

Directions Information:

  • Directions: E Palmdale Blvd & E Ave Q

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,675,000

Tax Information:

  • Annual Amount: $11,120
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Palmdale, CA.

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Palmdale, CA

City

Med. Sold Price

$514.3K

Med. Price/SqFt

$281

Avg. Days On Market

40

# of Sold Homes

91

38605 25th St E vs Palmdale

144 DAYS ON ROCKET

+104 Days

$1,675,000

+$1.1M More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price in Palmdale, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SR24129305

Listing Office:

  • Office Name: Keller Williams Realty Calabasas
  • Office Phone: (818) 915-9118
  • Listing Agent: Anie Mayelian

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 11:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 31, 2018Home Sold
$729,000
Jan 27, 2012Home Sold
$325,000
Dec 03, 2010Home Sold
$262,000
Apr 01, 2005Home Sold
$600,000
Jan 28, 2005Home Sold
$500,000
May 01, 1996Home Sold
$157,000
Feb 21, 1991Home Sold
$375,000

Tax History

YEARPROP. TAXASSESSMENT
2021$11,120$751,283
2020$10,785$743,580
2019$9,346$729,000
2018$6,353$605,000
2017$6,353$351,730

History based on county public records data.

Payment Calculator

$8,427

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,088

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-419672
3
/10

  • Tamarisk Elementary School

  • 1843 E Avenue Q5

  • 0.55 miles

  • Public District Grades KG-5

school-card-donut-419673
2
/10

  • Manzanita Elementary School

  • 38620 33rd St E

  • 0.98 miles

  • Public District Grades KG-5

school-card-donut-419674
4
/10

  • Desert Rose Elementary School

  • 37730 27th St E

  • 1.13 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,810. Typical income of Palmdale, CA residents is less than $35k annually. Most families are single, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Palmdale›93550›38605 25th St E

This home is located at 38605 25th St E in Palmdale, CA and zip code 93550. This home, which was built in 1988, sits on a 0.71 acre lot. It has been listed on Rocket Homes since June 26, 2024 and is currently priced at $1,675,000.

While more than 36 listings in Palmdale, CA in October 2024 were sold above asking price, there were more than 29 listings sold at asking price, and more than 26 were sold below. The number of homes for sale in Palmdale, CA increased by 3% between September 2024 and October 2024. In October 2024 median list price was $514,375 and the average listing age was 40 days.

From Rocket Homes Real Estate and based on county public records data.

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