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38564 5th Street E

Palmdale, CA 93550
  • $860,000
  • STATUS: Active
  • ON SITE: 120 Days
  • MLS #: SR24254504
UPDATED: 46 min ago
$860,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
PLM - Palmdale
Type:
Multi-Family
Built:
1983
County:
Los Angeles
Area:
PLM - Palmdale

School Ratings & Info

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Listing Agent(s): Arturo Sequeira of Skycastle Properties (661-312-9877)


Description

Discover this exceptional 5-unit corner lot apartment complex, a true pride of ownership. The property boasts a fully gated premises, energy-efficient windows, and drought-tolerant landscaping. Each 1-bedroom unit has been thoughtfully renovated and includes detached garages. Located in a residential area, this complex offers easy access to grocery stores, retail shopping centers, Palmdale Transit Village, and Palmdale Regional Medical Center. Each unit features open and spacious floorplans with ample storage, updated appliances, and modern fixtures. Dont miss this opportunity to own a well-maintained, income-producing property in a highly desirable location!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T08:30:53.793. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/159054214
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38564 5th Street E Palmdale, CA 93550

  • Price: $860,000
  • Status: Active
  • On Site: 120 Days
  • Updated: 46 min ago
  • MLS #: SR24254504
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1983
Built
Neighborhood:
PLM - Palmdale
County:
Los Angeles
Area:
PLM - Palmdale
Property Description
Discover this exceptional 5-unit corner lot apartment complex, a true pride of ownership. The property boasts a fully gated premises, energy-efficient windows, and drought-tolerant landscaping. Each 1-bedroom unit has been thoughtfully renovated and includes detached garages. Located in a residential area, this complex offers easy access to grocery stores, retail shopping centers, Palmdale Transit Village, and Palmdale Regional Medical Center. Each unit features open and spacious floorplans with ample storage, updated appliances, and modern fixtures. Dont miss this opportunity to own a well-maintained, income-producing property in a highly desirable location!
Exterior Features

Architectural Style Contemporary Construction Materials StuccoCopper Plumbing Entry Level 1 Entry Location 1 Fencing Excellent ConditionPrivacySecurityStucco WallWrought Iron Foundation Details Slab Lot Features Corner Lot Number Of Separate Electric Meters 5 Open Parking Spaces 2 Parking Features AssignedDoor-MultiGarage Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof CompositionShingle Spa Features None Spa YN No View Mountain(s) View YN Yes

Interior Features

Appliances DishwasherFree-Standing RangeGas OvenGas RangeMicrowave Common Walls No Common Walls Cooling Central AirWall/Window Unit(s) Cooling YN Yes Door Features Panel Doors Fireplace Features None Fireplace YN No Flooring LaminateTile Heating Central Heating YN Yes Interior Features Granite CountersOpen FloorplanBedroom on Main Level Window Features Double Pane Windows

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 6.06 Common Interest None Community Features CurbsGutter(s)Storm Drain(s)Street LightsSuburbanSidewalksGated Current Financing Conventional Disclosures Flood Plain Disclosure Electric Standard Electric Expense 396 Garage YN Yes Gross Income 75696 Gross Scheduled Income 79680 Insurance Expense 5000 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 5284 Net Operating Income 52119 New Construction YN No New Taxes Expense 11562 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 26576 Pest Control Expense 500 Possession Close Of Escrow Property Condition Updated/RemodeledTurnkey Property Sub Type Mixed Use Rent Control YN Yes Security Features Carbon Monoxide Detector(s)Gated CommunitySmoke Detector(s)Security Lights Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 250 Tenant Pays Cable TVElectricityGas Total Actual Rent 65056 Trash Expense 2600 Vacancy Allowance 3984 Vacancy Allowance Rate 5 Water Sewer Expense 935 Water Source Public Zoning PDR3*



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T08:30:53.793. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Arturo Sequeira of Skycastle Properties (661-312-9877)