38721 5th E 1-4 Palmdale, CA $ 719,999
38721 5th E 1-4
$ 719,999
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38721 5th E 1-4

Palmdale, CA, 93550
$ 719,999
Baths1.0 Sq 3,340

Monthly Estimate*

$ 4,433

Listed by First Team Real Estate
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Studio

Multi-Family Home for sale in Palmdale, CA

for $719,999 with 1 full bath. This 3,340 square foot home was built in 1969 on a lot size of 0.1831.

This gated fourplex in East Palmdale offers a prime opportunity for investors seeking consistent rental income. Situated on a generous lot, the building consists of four units each with two bedrooms and one bathroom. Both upper units are renovated with modern quartz countertops, shaker cabinetry, vinyl flooring in family rooms and kitchens, and newer HVAC. Remodeling the other units presents a unique chance for added value. Lower units offer private patios. Each unit includes access to an enclosed detached garage: one 1-car and three 2-car garages. Water, Gas and electricity are separately metered. An inactive laundry room provides potential for future utility income. Whether looking to generate income, live in one and rent the others, or create multi-generational space, this property offers total flexibility. Centrally located near schools, shopping, and major commuter routes, this is perfect for investors or owner-users. Do not disturb tenants; showings available only after an accepted offer.

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Multi-Family Contingent

Price

$ 719,999

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1831

Year Built

1969

Town/City

Palmdale

County/Region

Los Angeles

MLS | Web ID

OC26115351

Days on Market

13

Features
General
Sewer Public Sewer
Heating Central Wall Furnace
Cooling Central Air Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
HOA Fee 0
Garage Spaces 5
Architectural Style Traditional
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Stucco
Exclusions Appliances owned by the tenants
Year Built 1969
Electric Standard
Tenant Pays Electricity Gas Water
View Neighborhood
Stories Count 2
Levels Two
Unit Number 1-4
Property Subtype Quadruplex
Gross Income 70740
Community Features Street Lights Sidewalks
County Los Angeles
Net Operating Income 55190
Operating Expense 15550
Insurance Expense 2200
New Construction false
Property Type Residential Income
HOA false
Contingency buyer to cooperate with seller's possible 1031 exchange at no charge to the buyer.
Garage Y/N true
Special Listing Conditions Standard
Status Active Under Contract
Directions off of E Avenue Q and Fifth Street E close to Palmdale Blvd.
City Palmdale
Entry Location 1
Senior Community Y/N false
Number Of Units Total 4
MLS Area PLM - Palmdale
Lot Size Units Square Feet
Lot Size Square Feet 7977
Number of Units Leased 3
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Current Financing None
Trash Expense 2700
Water Sewer Expense 1200
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active Under Contract
Year Built Source Public Records
Tax Lot 74
Total Actual Rent 70740
Property Sub Type Additional Quadruplex
Taxes 8500
Cap Rate 7.6
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Interior
Flooring Carpet Laminate Vinyl
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Common Area Washer Hookup Gas Dryer Hookup
Entry Level 1
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Exterior
Fencing Wrought Iron
Parking Features Door-Multi Door-Single Garage On Street Side By Side
Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 5
Inclusions Appliances owned by the seller.
Lot Size Area 7977
Foundation Details Slab
Number of Buildings 1
Spa false
Building Area Total 3340
Lot Size Acres 0.1831
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded Features
List By
First Team Real Estate

Broker

NancyAynehchi@firstteam.com

Email

Affordability Calculator

$4,433
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Monthly Principal & Interest
$4,433
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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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/2/2026$719,999 Listed Price

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38721 5th E 1-4, Palmdale, CA, 93550 is a Multi-Family Home for sale at $719,999 with 3,340 sqft and a lot size of 0.1831. 38721 5th E 1-4 is a studio with 1.0 baths and was built in 1969. The property's zip code is 93550 which is in Palmdale, CA