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38605 25th St E
Palmdale, CA 93550

$1,675,000 USD

Apartments For Sale  •  5,626 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,626 SF
  • Lot Size 0.71 AC
  • Building Class B
  • Year Built 1988
  • Cap Rate 7.32 %
  • Zoning PDR1*
0 Transit Score
58 Walk Score

Highlights

Cash flowing 4 unit building in Palmdale with a cap rate of 7.3% in an opportunity zone!
Only subject to AB 1482 rent control (allowing 8.9% annual rent increases) and no City of LA rent control.
Units are completely remodeled and feature new kitchens, bathrooms, in-unit washer/dryers, private backyards, and private attached garages.
Set on a large lot of appx. ± 31,131 sq. ft. and in a quiet cul-de-sac in central Palmdale
Occupied units are rented to Section 8 tenants, thereby generating consistent cash flow.
1 unit is currently vacant and can be delivered vacant!

Property Flyers

Financial Summary (Actual)

Net Operating Income: $122,656 USD (2024)
Cap Rate: 7.32 %
Total Expenses: $34,496 USD

Amenities

  • Air Conditioning
  • Washer/Dryer

Public Transportation

Commuter RailDriveWalkDistance
Palmdale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink)) 4 min - 2.9 mi
Vincent Grade/Acton (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 7.0 mi
Anie Mayelian 818-915-9118 KW Commercial
Anie Mayelian 818-915-9118 KW Commercial