1268 E Avenue R2, Palmdale, California 93550, Palmdale, 93550 - 2 bed, 2 bath
Loading property details...
Palmdale, California 93550
This property presents a High-Potential Investment Opportunity with a List Price of $425,000—positioned well above the $410,094 Fair Market Value by -3%. Featuring a Fair Condition Rating, the home offers a unique 7,756 sq. ft. lot with a versatile rear structure ideal for an ADU conversion. While the main residence requires updates, its accessible layout and significant land-to-building ratio provide a clear path to forced appreciation. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in Palmdale.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1268 E Avenue R2 Subject | $425,000* List Price | 2 | 2 | 1,075 | $381 | - |
A 1620 E Avenue Q10 Sold | $355,000 | 3 | 1 | 1,125 | $316 | 0.5 mi |
B 1561 Georgetown Avenue Sold | $430,000 | 3 | 2 | 1,085 | $396 | 0.4 mi |
C 37923 Melton Sold | $450,000 | 4 | 2 | 1,263 | $356 | 0.3 mi |
D 38337 17th Street E Sold | $365,000 | 2 | 1 | 900 | $406 | 0.7 mi |
E 38363 Rosemarie Sold | $338,000 | 3 | 1 | 1,053 | $321 | 0.7 mi |
F 1866 E Avenue Q11 Active | $412,900 List Price | 3 | 2 | 1,151 | $359 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, this 70+ year old property is functional but dated. While it features accessibility modifications and a well-maintained exterior, the presence of a roof-mounted evaporative cooler indicates older systems, and the rear structure requires finishing. It needs cosmetic and system updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7756, living area = 1075.
The expansive rear building, equipped with a kitchenette and bathroom, provides exceptional potential for multi-generational living, a creative studio, or conversion into a permitted ADU to maximize property value.
The main residence is uniquely designed for mobility, featuring ramp access and a modified kitchen, catering to a specific market segment seeking ease of use and functional living.
Built in 1953, the home may require updates to major systems and cosmetic renovations to align with modern energy efficiency and design standards.
With only two bedrooms in the main house, the property may face challenges attracting larger families who require more traditional sleeping quarters under one roof.
INCREDIBLE opportunity in Palmdale! This property offers a functional layout featuring a kitchen, dinette area, living room, two bedrooms and a versatile den/hobby room/office, an enclosed porch provides space for a washer and dryer. Backyard is a bonus, completely detached legal non-conforming structure is completely detached from the main house and is grandfathered in. This property is sold as is.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,075 | 1,950 |
| Lot Size | 7,756 | 7,525 |
| Price | $425.0K | $526.3K |
| Price per sq ft | $395 | $278 |
| Built year | 1953 | 1989 |
| HOA | $0 | $119 |
| Days on market | 10 | 69 |
Jul 12, 2026
$425,000
Initial Listing