38717 6th St E - Apartments FOR SALE


Palmdale, CA 93550
$995,000 USD
858-336-9688
38717 6th St E, Palmdale, CA for Sale
$995,000 USD
Apartments - FOR SALE
1/10
null | 8.04% Cap Rate

38717 6th St E
Palmdale, CA 93550


HIGHLIGHTS

  • Vacant Property and Ready for Market Rent or Redevelopment
  • Zoned under the Palmdale Transit Area Specific Plan and Urban Core Zone
  • Opportunity Zone
  • Development opportunity

OVERVIEW

This 6-unit vacant property in East Palmdale presents a prime value-add or redevelopment opportunity. The existing building sits in an Opportunity zone on a 20,000 SF lot, and the sale includes an adjacent 10,000 SF parcel, totaling 30,000 SF. With Palmdale Transit Area Specific Plan and Urban Core zoning, the site allows for high-density development of 50-60 dwelling units per acre, making it ideal for multifamily or mixed-use projects. The completely vacant status offers immediate flexibility—a new investor can bring rents to market right away or move forward with redevelopment. Additionally, the property’s proximity to the Palmdale Transportation Center ensures strong tenant demand, and it's affordable entry point compared to other LA markets makes it a rare and strategic investment opportunity. Don't miss out on this opportunity!

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$498 USD /SF

# OF UNITS

6

PRICE/UNIT

$165,833

CAP RATE

8.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vacant Six Unit - 2 Parcels 30k lot

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

PDM1

APN/PARCEL ID

3008-011-006,3008-011-007

ASK ABOUT THIS PROPERTY

Jason LeeJLM Real Estate Inc.More Info
858-336-9688

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Jason LeeJLM Real Estate Inc.More Info
858-336-9688

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.