38605 E 25th E St, Palmdale, CA 93550

$1,200,000
15
BD
8
BA
5,626
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$1,200,000
Status
PENDING
Days on Market
46
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

How much is your home worth?

...get instant property value now!

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Frank Ilderem (filderem2@yahoo.com) from Listing Office: First Alliance Mortgage Corp.