- 255 Beds
- 7 Baths
- 3,629 Sqft
- .63 Acres
38624 15th Street
Seller Will payoff Solar before close of escrow Investment Property Discretion Summary Location 38624- 38622 15th St East, Palmdale, CA 93550 3 Parcel In APN# 3015 015 039 & Parcel APN #2 3015 015 040 3RD # 3015 015 049 Property Type Mixed (3 Homes + 2 Mobile Homes) Total Monthly Income $8,900 Positioning: Heart of Palmdale (Prime Urban Location) Strong Cash Flow** $8,900/month gross income offers immediate ROI potential. Versatile tenant options (residential or blended use). Strategic Location Urban center proximity ensures high demand for housing/rentals. Access to amenities (transit, schools, retail) enhances tenant retention. Dual-Parcel Flexibility Subdivision potential (sell/develop parcels separately). Expansion options (e.g., ADUs, lot splits per local zoning). Hybrid Housing Model Traditional homes attract long-term tenants; mobile homes cater to affordable housing demand. Diversified income reduces vacancy risk. Value-Add Opportunities Renovate mobile homes for higher rents or convert to tiny homes. Explore city incentives for multi-family or mixed-use development. Market Resilience , Palmdale's growth (AV Valley demand, proximity to LA) supports appreciation. Scarcity of centrally located multi-unit properties boosts long-term value, Discretionary ConsiderationsZoning Verify allowable uses R3 for multi-family, mobile home ordinances Expenses: Factor in maintenance (mobile homes require upkeep) and property management, Tenant Mix: Screen for stable occupancy Section 8 vouchers for mobile homes Exit Strategies: Hold for cash flow, sell parcels individually, or redevelop. Target Audience Buyers seeking cash flow, developers eyeing infill potential, or landlords wanting a turnkey portfolio starter. Final Note A rare blend of income, location, and adaptability ideal for hands-on or passive investors.
Essential Information
- MLS® #225001809
- Price$1,099,000
- Bedrooms255
- Bathrooms7.00
- Full Baths7
- Square Footage3,629
- Acres0.63
- Year Built1953
- TypeResidential Income
- StatusActive
Community Information
- Address38624 15th Street
- AreaPLM - Palmdale
- CityPalmdale
- CountyLos Angeles
- Zip Code93550
Amenities
- AmenitiesPool
- Parking Spaces2
- # of Garages2
- Has PoolYes
Pool
In Ground, Private, Association
Interior
- InteriorCarpet, Laminate
- FireplaceYes
- # of Stories1
Additional Information
- Date ListedApril 11th, 2025
- Days on Market121
- ZoningPDR1 10000
Listing Details
- AgentSamir Rafeh
- OfficeeXp Realty of California Inc
Price Change History for 38624 15th Street, Palmdale, (MLS® #225001809)
| Date | Details | Change |
|---|---|---|
| Price Increased from $1,070,000 to $1,099,000 |
Samir Rafeh, eXp Realty of California Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of August 12th, 2025 at 12:55am PDT. 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.