1855 E Avenue R2, Palmdale, California 93550, Palmdale, 93550 - 3 bed, 2 bath
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Palmdale, California 93550
This Value-Add Residential Asset is listed at $439,900, offering a strategic entry point into the Palmdale High School District. While the $332,723 Fair Market Value accounts for its Condition Rating of 5, the property boasts essential Key System Upgrades including a recently replaced roof and water heater. The 1,452 sq. ft. layout and spacious 6,632 sq. ft. lot provide a solid foundation for forced appreciation through interior modernization. Located near major commuter routes, this is an ideal acquisition for Fix-and-Flip Investors or first-time buyers ready to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1855 E Avenue R2 Subject | $439,900* List Price | 3 | 2 | 1,452 | $229 | - |
A 37863 17th E Sold | $361,000 | 3 | 2 | 1,452 | $249 | 0.2 mi |
B 2125 Bramble Lane Sold | $420,000 | 3 | 2 | 1,397 | $301 | 0.3 mi |
C 38363 Rosemarie Sold | $338,000 | 3 | 1 | 1,053 | $321 | 0.6 mi |
D 3102 E Avenue Q13 Sold | $335,000 | 4 | 2 | 1,192 | $281 | 0.3 mi |
E 37908 17th Street E Sold | $500,000 | 4 | 3 | 1,866 | $268 | 0.2 mi |
F 37719 Nantucket Drive Active | $460,000 List Price | 3 | 2 | 1,482 | $310 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1983 (43 years old), the property exceeds the 30-year threshold for a poor rating without a comprehensive interior renovation. While the roof and water heater have been replaced, the interior remains dated with original popcorn ceilings, 1980s-style gold-trimmed mirrored closets, and older kitchen finishes that require a full rehab to modernize.
The property features a recently replaced roof and water heater, which are significant capital improvements that reduce immediate maintenance costs for the new owner.
Situated in a quiet residential neighborhood with quick access to freeways and local amenities, the home offers a desirable balance of privacy and commuter convenience.
The spacious 6,632 square foot lot provides ample room for future improvements, landscaping projects, or potential expansion, offering significant upside for investors and growing families.
Built in 1983, the home may require interior cosmetic updates or modernization to the kitchen and bathrooms to meet current contemporary market standards.
While major systems like the roof are updated, the lack of mention regarding interior renovations suggests the property may need additional investment to achieve a turnkey feel.
Good Palmdale location. This home is situated in a nice residential neighborhood just minutes from freeways, main roads, shopping, and amenities. With 3 bedrooms, 2 baths at 1452 square feet this single-family home is ideal for first-time buyers or investors seeking upside potential. The kitchen features granite counters and a breakfast bar. The air conditioner unit and the roof have been replaced. The property features a functional floor plan, and a spacious lot offering room for future improvements, expansion, or additional projects. Please review virtual tour.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,452 | 1,484 | 48% |
| Lot Size | 6,632 | 7,057.5 | 28% |
| Price | $439.9K | $455.0K | 41% |
| Price per sq ft | $303 | $310 | 45% |
| Built year | 1983 | 1984 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 155 | 1% |
May 3, 2026
$439,900
Initial Listing