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1218 E Avenue Q Palmdale, CA $ 7,200,000
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1218 E Avenue Q
$ 7,200,000
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1218 E Avenue Q

Palmdale, CA, 93550
$ 7,200,000
Bedrooms48 Baths24.0 Sq 23,230

Monthly Estimate*

$ 44,332

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Multi-Family Home for sale in Palmdale, CA

for $7,200,000 with 48 bedrooms and 24 full baths. This 23,230 square foot home was built in 1986 on a lot size of 1.21.

Rare High-Upside Value-Add Opportunity! 24-Unit Apartment Complex with 6 VACANT Units Ready for Immediate Lease-Up. All Units have been Upgraded. Perfect for an Investor Looking to Capture Instant Equity and Rapidly Increase Cash Flow. Strong 2 Bed and 1 Bath Unit with High Rental Demand. Significant Upside Through Leasing Vacant Units at Market Rents and Repositioning Remaining Units. Existing Ownership Pays Water and Trash Clear Path to Improving NOI Through Expense Pass-Throughs. Additional Income Potential from On-Site Laundry. Property Offers Carport Parking and Private Balconies on Upstairs Units, Enhancing Tenant Appeal and Rent Premiums. Ideal for Experienced Investor Seeking a Heavy Value-Add or Stabilization Play with Major Income Growth Potential. Sold As-Is. Buyer to Verify all Information. Do Not Disturb Tenants.

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Multi-Family Active

Price

$ 7,200,000

Bedrooms

48

Full Bath

24

Property Type

Multi-Family

Taxes

$ 0

Style

Multi-Family

Lot Size

1.21

Year Built

1986

Town/City

Palmdale

County/Region

Los Angeles

MLS | Web ID

26003423
Features
General
Heating Central
Cooling Central Air
Roof Tile
Zoning PDR3*
Construction Materials Stucco Wood Siding
Year Built 1986
Parcel Number 3015-011-033
County Los Angeles
Property Type Multi-Family
Status Active
Directions 12th St East and Ave Q
City Palmdale
Number Of Units Total 24
MLS Area 09 - Palm Div to 80th E
Lot Size Units Acres
Lot Size Square Feet 52838.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor 09 - Palm Div to 80th E
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Senior Community None
New Construction None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Lot Size Area 1.21
Spa N
Building Area Total 23230.0
Lot Size Acres 1.21
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Bedrooms 48
Total Baths 24
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Internal Only
Street Number 1 1218
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* Excluded Features
List By
Christie M Limpus

Listing Agent

Berkshire Hathaway Homeservices Troth, Realtors

Broker

christierealtor67@gmail.com

Email

Affordability Calculator

$44,332
Per Month
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Monthly Principal & Interest
$44,332
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2189091 Elementary School
2189092 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/29/2026$7,200,000 Listed Price

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1218 E Avenue Q, Palmdale, CA, 93550 is a Multi-Family Home for sale at $7,200,000 with 23,230 sqft and a lot size of 1.21. 1218 E Avenue Q has 48 bedrooms, 24.0 baths, and was built in 1986. The property's zip code is 93550 which is in Palmdale, CA

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