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38110 10Th St #E, Palmdale, CA 93550
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38110 10Th St #E Palmdale, CA 93550

$1,200,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Pending
$1,200,000 Get Pre-Qualified
Map preview of 38110 10Th St #E, Palmdale, CA 93550

Property Overview: 38110 10Th St #E Palmdale, CA has -- bedrooms, -- bathrooms, -- living square feet and -- square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to your next investment opportunity! 8.7% Proforma after rent stabilization. This six-unit multifamily property sits on over 3/5 of an acre, 6900 sq ft of living space, boasting high-density residential RM4 zoning, presenting a myriad of possibilities. The main highlight is the expansive 8-bedroom, four-bathroom house spanning 3000 sq ft, ideal for Residential Care Facilities for the Elderly (RCFE) or converting to six one bedroom unit for additional income. Additionally, there are four 1-bedroom, 1-bathroom units, offering cozy living spaces for individuals or couples. A modular 4-bedroom, 2-bathroom home adds to the diversity of the property. With its modern amenities and ample space, it complements the existing structures. The expansive lot size allows for future expansion or development, making it an attractive prospect for investors. Located in a desirable area with convenient access to amenities and transportation, this multifamily property presents an enticing investment opportunity. Don't miss out on the chance to own a versatile and lucrative asset in a thriving community. Schedule your viewing today and unlock the potential of this remarkable property!

Listed by Tyler Brand | BRE #02214185 | JLM Real Estate Inc.
Co-listed by Daniel Sipher | BRE #02043589 | JLM Real Estate Inc.
Last checked: 14 minutes ago | Last updated: May 26th, 2024 | Source CRMLS | DOM: 9
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Home details

Lot Sq. Ft
--
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Mixed Use
Status
Pending
MLS#
240010951SD
City
Palmdale
County
Los Angeles
Time on Site
29 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: --
  • # of Beds: --
  • # of Baths: --
  • Total Rent: $2,000
Unit Breakdown 2
  • # of Units: --
  • # of Beds: --
  • # of Baths: --
  • Total Rent: $1,600
Unit Breakdown 3
  • # of Units: --
  • # of Beds: --
  • # of Baths: --
  • Total Rent: $2,475
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.6%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $73,200
  • Net Operating Income: $29,820
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $41,184

Open Houses for 38110 10Th St #E

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Property Details for 38110 10Th St #E

Interior Features
Cooling Information
  • Has Cooling
Heating Information
  • Has Heating
  • Forced Air
Lot Details / Garage and Parking
Property Information
  • Total # of Units: 6
  • Parcel Number: 3014002041
View more facts & features

Local Palmdale Agent

Sale History for 38110 10Th St #E

Last sold on May 25th, 2006

  • May, 2024

  • May 25, 2024

    Date

    Pending

    CRMLS: 240010951SD

    $1,200,000

    Price

  • May 16, 2024

    Date

    Active

    CRMLS: 240010951SD

    $1,200,000

    Price

  • May, 2006

  • May 25, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 1999

  • Jul 30, 1999

    Date

    Sold (Public Records)

    Public Records

    $220,000

    Price

Show More

Tax History for 38110 10Th St #E

Assessed Value (2020): $493,374
Year Land Value Improved Value Assessed Value
2020 $74,450 $418,924 $493,374

Home Value Compared to the Market

This property vs the competition

38110 10Th St #E is listed 118.18% higher than the median list price for the city of Palmdale which has a median list price of $550,000.

About 38110 10Th St #E

Detailed summary of property

38110 10Th St #E is a mixed use located in Palmdale, CA 93550 and is currently in escrow to be sold. This mixed use property offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately -- square foot lot. 38110 10Th St #E was first listed on ArdentRealEstateGroup.com on May 16, 2024. The homeowner is currently asking $1,200,000. The median priced home in Palmdale is $550,000 with a median price per square foot of $286. Based on Ardent Real Estate Group's Palmdale Market Data, this home is listed 118.18% higher than the median priced home. Local competing homes currently for sale include 530 N Larchmont Blvd #2, 206 S Saint Louis St and 206 S Saint Louis St. While the average home in Palmdale, CA is selling in 63 days, 38110 10Th St #E has a days on market of 9 days. There are currently 398 homes for sale in the Palmdale real estate market and 385 of them are single family homes while 7 of them are condos and 6 are townhomes. For more information on this home for sale at 38110 10Th St #E Palmdale, CA 93550 contact Ardent Real Estate Group and we will put you in touch with one of our Palmdale agents.

Public Facts for 38110 10Th St #E

Public county record property details
Beds
4
Baths
4
Year built
1979
Sq. Ft.
6,866
Lot Size
28,037
Stories
1
Type
Homes (Retired; Handicap, Rest; Convalescent; Nursing)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
3014-002-041

The source for these homes facts are from public records.

93550 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$469,000
Median List Price/Sq.Ft.
$320
Median Sold Price
$419,000
Median Sold Price/Sq.Ft.
$296
Total Inventory
113
Median Sale to List Price %
102.2%
Avg Days on Market
29
Loan Type
Conventional (36.36%), FHA (42.42%), VA (6.06%), Cash (6.06%), Other (9.09%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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