38652 9th St E - Multi-Family FOR SALE


Palmdale, CA 93550
$325,000 USD
661-945-5440
38652 9th St E, Palmdale, CA for Sale
$325,000 USD
Multi-Family - FOR SALE
1/17
null | Request Cap Rate

38652 9th St E
Palmdale, CA 93550


HIGHLIGHTS

  • Property has been vacant for two years. now its near completion to be rented again. two levels and a basement

OVERVIEW

Property has a SFR with a basement. Total QF of the parcel is .57 acres zoned commercial in the front section of the parcel and multi-family zoning in the back section of the parcel. The front of the parcel could have a commercial office using the existing building and apartments in back. (City planning will identify the exact amount of apartments. This property is a fixer upper with very high potential. The front of the parcel is commercial and the back section of the .57 acres is zoned multi family. Seller needs a quick sale. 30 days or less. This property was used as a rental for 20 years. Covid19 tenants destroyed the property prior to being evicted. Seller has nearly repaired the property back to rentable conditions. Current appraisal indicate the property value to be $360K. (April 2025)

FOR SALE DETAILS

PRICE

$325,000 USD

PRICE/SF

$353 USD /SF

# OF UNITS

1

PRICE/UNIT

$325,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

38652 9h Street East Palmdale, CA 93550

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

commercial multi-family

APN/PARCEL ID

3008-040-016

ASK ABOUT THIS PROPERTY

Richard WainwrightWainwright Real EstateMore Info
661-945-5440

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Richard WainwrightWainwright Real EstateMore Info
661-945-5440

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.