38605 E 25th E St, Palmdale, CA 93550
- $1,200,000
- 15
- BD
- 8
- BA
- 5,626
- SqFt
- List Price
- $1,200,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 26007206
- Subtype
- Residential Income
- Year Built
- 1989
- Bedrooms
- 15
- Bathrooms
- 8
- Living Area
- 5,626
- Lot Size
- 31,131
- Acres
- 0.71
- Neighborhood
- 09 - Palm Div to 80th E
- MLS Area Major
- 09 - Palm Div to 80th E
Property Description
Hundreds of thousands less than what the property was in escrow for last year.. Basically 4 large side by side remodelled houses.Spectacular turnkey 4 unit investment. This Fully remodeled property spans 15 bedrooms and 8 bathrooms. Generating $135,000+ in gross annual rent. Each unit features recessed lighting, custom closets, upgraded fireplaces and 2 car garages with custom storage. Two units include new Ac/Heating systems: two units have in garage washer and dryers, other two units have designated laundry areas. Residents enjoy private enclosed backyards and ample cul-de-sac parking, plus park like grounds with possibly, potential for expansion. Situated in an Opportunity Zone with no City of LA rent control, rents can rise up to 8.9% annually underAB-1482. Fully occupied ( three section 8 tenants) this asset delivers stable cash flow, minimal vacancy risk, and long-term appreciation.
Additional Information
- Zoning
- PDR1
- Air Conditioning
- Central Air
- Roof
- Composition
Mortgage Calculator
Listing courtesy of Listing Agent: Frank Ilderem (filderem2@yahoo.com) from Listing Office: First Alliance Mortgage Corp.