Property listed by JLM Real Estate Inc, Jason Lee 619-891-0403
This 6-unit property in East Palmdale offers a rare investment opportunity, whether as a high-performing income asset or a redevelopment play. The existing unit mix includes (5) studios and (1) one-bedroom/one-bathroom unit, all of which will be fully occupied with strong rental income. Situated within an Opportunity Zone on a 20,000 SF lot, the property also includes an adjacent 10,000 SF parcel, totaling 30,000 SF of land. The site benefits from Palmdale Transit Area Specific Plan and Urban Core zoning, allowing for high-density development of 50-60 dwelling units per acre—making it ideal for multifamily or mixed-use projects. Its strategic location near the Palmdale Transportation Center ensures strong tenant demand, while Palmdale’s affordable entry point compared to other LA markets enhances its appeal as a high-growth investment opportunity.
This 6-unit property in East Palmdale offers a rare investment opportunity, whether as a high-performing income asset or a redevelopment play. The existing unit mix includes (5) studios and (1) one-bedroom/one-bathroom unit, all of which will be fully occupied with strong rental income. Situated within an Opportunity Zone on a 20,000 SF lot, the property also includes an adjacent 10,000 SF parcel, totaling 30,000 SF of land. The site benefits from Palmdale Transit Area Specific Plan and Urban Core zoning, allowing for high-density development of 50-60 dwelling units per acre—making it ideal for multifamily or mixed-use projects. Its strategic location near the Palmdale Transportation Center ensures strong tenant demand, while Palmdale’s affordable entry point compared to other LA markets enhances its appeal as a high-growth investment opportunity.
Multifamily
Other
1951
1
--
--
Active
8
-- Sq. Ft.
-- Sq. Ft.
Location
- No
- WallWindowUnits
- SeeRemarks
Jason Lee
JLM Real Estate Inc
Los Angeles
250023272SD
Average List Price
$459,872
1%
Average Sale Price
$455,880
2%
Days on Market
83
8%
Homes Sold
85
5%
Median List Price
$449,000
4%
Median Sale Price
$455,000
3%
Sale/Price Ratio
99%
2%
Homes for Sale
125
20%
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Based on information from California Regional Multiple Listing Service, Inc. as of 04/08/2025 12:27 AM and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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