1703 E Avenue R3, Palmdale, California 93550, Palmdale, 93550 - 3 bed, 2 bath
1703 E Avenue R3
Palmdale, California 93550
Property Price
SUMMARY
Analysis of 1703 E Avenue R3, Palmdale, California 93550 reveals a Prime Investment Opportunity with a current list price of $449,999—significantly undercutting the $464,351 Fair Market Value by 3%. This valuation gap indicates a +$14,352 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palmdale Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1703 E Avenue R3 Subject | $449,999* List Price | 3 | 2 | 1,299 | $357 | - |
A 37857 Melton Sold | $455,000 | 4 | 2 | 1,150 | $396 | 0.2 mi |
B 37939 27th E Sold | $540,000 | 3 | 2 | 1,508 | $358 | 1.0 mi |
C 37632 15th Street E Sold | $405,000 | 3 | 2 | 1,324 | $306 | 0.4 mi |
D 37944 37944 Melton Active Under Contract | $452,000 List Price | 4 | 2 | 1,150 | $393 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property is in turnkey condition following an extensive renovation completed in early 2026. It features modern upgrades including granite countertops, a new stove, updated bathroom vanities, new toilets, and durable tile flooring throughout. With fresh interior and exterior paint and no deferred maintenance mentioned, the home meets the criteria for excellent condition despite its 1982 original build date.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7097, living area = 1299.
- Turnkey Renovations
The property features significant recent updates including fresh interior and exterior paint, granite countertops, new toilets, and durable tile flooring throughout, making it move-in ready.
- Spacious Corner Lot
Situated on a generous 7,097 sq ft corner lot, the home offers enhanced privacy, great curb appeal with a mature shade tree, and a low-maintenance backyard designed for entertaining.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7097, other record lot size in square feet = 6165. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1299, other record living area = 1047.
- Compact Living Area
With only 1,299 square feet of living space, the interior may feel restrictive for larger families or those requiring expansive common areas.
- Dated Infrastructure
Despite cosmetic renovations, the 1982 construction year suggests that core systems like plumbing and electrical may be nearing the end of their typical lifecycle compared to newer builds.
About 1703 E Avenue R3
Welcome to this beautifully renovated 3-bedroom, 2-bath home situated on a spacious 7,097 sq ft corner lot. The property features a large front yard with a beautiful tree that provides both shade and great curb appeal. Step inside to a generously sized living room with high ceilings and a cozy fireplace. The living space flows into the dining area, which includes a sliding door that opens to the backyard, perfect for indoor-outdoor living. The kitchen is conveniently located off the dining area and offers ample cabinetry, granite countertops, and a new stove. All three bedrooms are well-sized and include closets with sliding doors. The primary bedroom is located toward the back of the home, offering added privacy. Both bathrooms feature newer vanities. One includes a shower-over-tub combination, while the other offers a walk-in shower. The laundry room is located inside the home and provides direct access to the garage. Tile flooring runs throughout the home for durability and easy maintenance. The large backyard is ideal for entertaining and is designed to be low maintenance with concrete tiles and a concrete slab. The interior and exterior trim were freshly painted in February 2026, a new garbage disposal and two new toilets were also installed. FHA and VA buyers are welcome. This property is also a great opportunity for investors seeking rental income. No HOA or Mello Roos fees. Conveniently located near the 14 Freeway, Lockheed Martin Aeronautics, the Antelope Valley Mall, and nearby restaurants and shopping. Palmdale High School is just a few blocks away. Agents: Please review agent remarks prior to scheduling a showing.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1982
- Lot Size
- 7,097 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,299 | 1,519 | 34% |
| Lot Size | 7,097 | 7,163.5 | 48% |
| Price | $450.0K | $455.0K | 45% |
| Price per sq ft | $346 | $300 | 72% |
| Built year | 1982 | 1985 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 190 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$449,999
Initial Listing