
Palmdale, California 93550
This Single Family Residence represents a High-Potential Investment Opportunity, listed at a List Price of $400,000—positioned slightly above the $385,599 Fair Market Value. While the property requires careful review of permits for its converted garage and bonus rooms, it offers a Condition Rating of 3, featuring modern kitchen updates and tile flooring. The expansive 7,442 sq. ft. lot and commuter-friendly location near the 14 Freeway provide significant utility. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a versatile, value-add asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1510 E Avenue R Subject | $400,000* List Price | 2 | 1 | 954 | $404 | - |
A 38337 17th Street E Sold | $365,000 | 2 | 1 | 900 | $406 | 0.5 mi |
B 1620 E Avenue Q10 Sold | $355,000 | 3 | 1 | 1,125 | $316 | 0.4 mi |
C 1347 E Avenue R3 Sold | $418,900 | 3 | 2 | 1,083 | $387 | 0.2 mi |
D 37923 Melton Sold | $450,000 | 4 | 2 | 1,263 | $356 | 0.1 mi |
E 1703 E Avenue R3 Sold | $445,000 | 3 | 2 | 1,299 | $343 | 0.3 mi |
F 37944 37944 Melton Sold | $452,000 | 4 | 2 | 1,150 | $393 | 0.1 mi |
G 38318 17th Street East Sold | $412,000 | 3 | 1 | 1,053 | $391 | 0.5 mi |
H 1821 E Avenue Q12 Sold | $455,000 | 3 | 1 | 983 | $463 | 0.5 mi |
I 1211 E Avenue R3 Active | $449,900 List Price | 3 | 2 | 1,083 | $415 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1952, the property has undergone significant renovations likely within the last 5-15 years. The kitchen features updated white cabinetry, recessed lighting, and stainless appliances, while the bathrooms show modern tile work and updated vanities. The interior is move-in ready with consistent tile and laminate flooring, and the converted spaces add functional value.
The property features a converted garage and a converted laundry area, both with additional bathrooms, significantly increasing the functional living space and flexibility for guests or extended family.
A generous 7,442 sq. ft. lot offers a long driveway for six vehicles, RV parking potential, and a large covered patio, providing excellent utility for outdoor entertaining and storage.
Situated just five minutes from the 14 Freeway, the home provides easy access for commuters while maintaining a peaceful residential setting with mountain and hill views.
With only 954 square feet of original living space and a 2-bedroom, 1-bathroom official configuration, the primary structure may feel small for growing families.
The presence of multiple converted spaces, including the garage and backyard bonus room, may present challenges regarding building permits, insurance, and appraisal valuations.
Excellent opportunity for first-time homebuyers! This charming 2-bedroom, 1-bath home offers comfort, space, and endless possibilities. Conveniently located just 5 minutes from the 14 Freeway, it provides easy access for commuters while still offering a peaceful residential setting. Inside, you'll find tile flooring, abundant natural light from numerous windows, and washer and dryer hookups conveniently located inside the home. The former laundry area has been converted into an additional room with a bathroom, offering flexible space for your family's needs. The attached garage has also been converted into additional living space with a bathroom, creating even more versatility for extended family or guests. Situated on a generous 7,440 sq. ft. lot, this property features a huge backyard with plenty of room to build a swimming pool, park an RV, accommodate your pets, or create your own outdoor oasis. A beautiful mature tree provides amazing shade, making it the perfect place to gather with family and friends. The long driveway offers ample parking for up to six vehicles. Enjoy the spacious covered patio, perfect for barbecues and outdoor entertaining. The backyard also includes a bonus room with a closet and a stand-up shower, providing additional flexible space for guests, a home office, or hobbies. The spacious kitchen offers plenty of room for everyday living and is ready for its new owners to make it their own. It features tile flooring, Formica countertops, recessed lighting, ample cabinet space, and a cozy dining area, making it the perfect place to prepare meals and gather with family and friends. This property offers incredible potential. Don't miss this great opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 954 | 1,908.528 |
| Lot Size | 7,442 | 7,579.892 |
| Price | $400.0K | $528.1K |
| Price per sq ft | $419 | $281 |
| Built year | 1952 | 1990 |
| HOA | $0 | $99 |
| Days on market | 23 | 70 |
Aug 17, 2026
$400,000
Initial Listing
Jan 18, 2018
$195,000
Public Record
Jan 21, 2010
$40,000
Public Record
Jun 30, 2005
$238,000
Public Record