38707/675 E 12th Street Palmdale, CA
$ 5,650,000
Property Attributes
  • ML#20002221
  • TypeMulti-Family
  • CityPalmdale
  • Area09 - Palm Div to 80th E
  • Zip93550
  • Style
  • Year Built1984
  • Taxes88939
  • Price$ 5,650,000
  • Bedrooms84
  • Full Bathrooms84
  • Half Bathrooms0
  • Sqr Footage20640
  • Lot Size1.95 Acres
Listing Provided Courtesy Of:
Real Property Management AV
Property Description

This is a 38 unit complex (19 on each side) that is fully gated, two pools, security cameras with remote access, and the majority of units have been fully remodeled!One side comes with garages, while the other side has carports. Both structures have brand new roofs!Property is xeriscaped, and the shrubs and trees are on timers, so easy maintenance.There are two APN's and Addresses for this sale. APN 3015-006-015 and 3015-006-098. The two addresses are 38707 and 38675 12th st.Currently shows a 5.7 CAP, but once the rest of the leases renew at the market rate, you should be at a 6.2! Great opportunity!Currently we have zero vacancies with a waiting list.Rehabs included new flooring, new paint, new Granite Counters and stainless sinks, built-in USB phone charger in the kitchen, plus much more!About 80% of all the units have new HVAC units, hot water heaters, etc.Please make an appointment with Real Property Management for any showing. Please, do not disturb tenants.

Price History
3/12/2020 Listed $5,650,000

General Features

Construction Frame, Stucco, Wood
Latitude 34.585439
Longitude -118.107804
Zoning PDR3

Interior Features

Cooling Central Air/Refrig


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93550

AVG $3.2M
AVG $50,845
Year Built
AVG 1986

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