34.583057 -118.11986

518 E Avenue Q4 Palmdale, CA 93550

327735225 34.583057 -118.11986 120 /listing/327735225-150177715/518-e-avenue-q4-palmdale-ca-93550 False 0 1999000.0 5250 105 SR23022600 False
  • $1,999,000
  • 5,250 sqft
  • 12,550 lot
  • Est payment $10731.06/mo

Property & Neighborhood Info

Courtesy Of Rima Rafeh, DRE#01748539, eXp Realty of California Inc

Multi-Family in Palmdale

****AMAZING INVESTMENT OPPORTUNITY**** *****SERIOUS CASH FLOW***** Prime Location! This Property is located at the heart of Palmdale. This 6 units Apartment Building is facing south & East and overlooking the city light. Premier Rental Market of Palmdale with tremendous rental upside .All units featuring Open Floor Plan with Bright and Airy rooms. Unit comes with covered parking space and easy access to Gated Parking. So convenient! Walking distance to many famous restaurants, supermarkets, pharmacies, hospitals, shops, schools, entertainment. Excellent **CASH FLOW** opportunity! Many new trendy development buildings and constructions are undergoing nearby. Great Potential of increase of the property value! The current in-place rents are all through HAP (Section 8), providing investors tremendous upside and value-add opportunity''

Courtesy Of Rima Rafeh, DRE#01748539, eXp Realty of California Inc
  1. 5,250 Sq. Ft.
  2. 12,550 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1980
  • Floors: 2
  • County: Los Angeles
  • Units: 6
  • Zoning: PDR3*
  • MLS Number:SR23022600

Additional Features

  • Cooling:
    • Central Air
  • Laundry:
    • Common Area
  • Fireplace:
    • None
  • Common Walls:
    • 1 common wall
  • Levels:
    • Two
  • Property Subtype:
    • Commercial/Residential
  • Roof:
    • Asphalt
  • View:
    • None
  • Water Source:
    • Private
  • Year Built Source:
    • Assessor
  • Fencing:
    • Block
  • Land Size Source:
    • Assessor
  • Lot Features:
    • 11-15 Units/Acre
    • Cul-De-Sac
  • Pool Features:
    • None
  • Spa:
    • None
  • Parking:
    • Carport
  • Parking Spaces:
    • 3.00
  • Heating:
    • Central
  • Sewer:
    • Public Sewer
  • Utilities:
    • Sewer Connected
    • Water Connected
  • Community Features:
    • Curbs
    • Sidewalks
    • Street Lights
  • Number of Buildings:
    • 1
  • Gross Income:
    • 116928.00
  • Net Operating Income:
    • 97992.00
  • CDOM:
    • 1
  • Assessments:
    • Buyer to Verify
  • Association Fees:
    • 0.00
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Cable TV
    • ELECTRICITY
    • GAS
  • Fuel Exp:
    • 0.00
  • Gross Operating Income:
    • 116928.00
  • Insurance Expense:
    • 8436.00
  • Listing Agent License Number:
    • 01748539
  • Listing Key:
    • 370932025
  • Lot Size Acres:
    • 0.2881
  • Lot Size Area:
    • 12550.0000
  • Lot Size Square Feet:
    • 12550.00
  • Number Of Units Leased:
    • 6
  • Operating Expense:
    • 18936.00
  • Price Per SQFT:
    • 380.76
  • Price Per Unit:
    • 333167
  • Tax ID:
    • 3008013034
  • Total Expenses:
    • 11076.00
Neighborhood info courtesy of Homes.com © 2023

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Let us help you!
Jerry Thomas
Jerry Thomas
Broker Associate
27111 Camino de Estrella Capistrano Beach CA 92624
34.583057 -118.11986

518 E Avenue Q4 Palmdale, CA 93550

327735225 34.583057 -118.11986 120 /listing/327735225-150177715/518-e-avenue-q4-palmdale-ca-93550 False 0 1999000.0 5250 105 SR23022600 False
  • $1,999,000
  • 5,250 sqft
  • 12,550 lot
  • Est payment $10731.06/mo