203 E Avenue R5, Palmdale, California 93550, Palmdale, 93550 - 3 bed, 3 bath
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Palmdale, California 93550
This Value-Add Residential Asset presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $469,615 Fair Market Value by 4%. This valuation gap provides $19,615 in Instant Equity. Featuring a Condition Rating of 4, the 1,792 sqft layout includes vaulted ceilings and a rare main-level bonus office, offering significant upside through modernization. Located in the Antelope Valley Union district, this property is a strategic acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 203 E Avenue R5 Subject | $380,000* List Price | 3 | 3 | 1,792 | $229 | - |
A 234 Tahquitz Sold | $455,000 | 3 | 3 | 1,732 | $263 | 0.3 mi |
B 38514 Carolside Avenue Pending | $439,000 List Price | 3 | 2 | 1,721 | $255 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, this 40-year-old home is functional but shows significant signs of age and dated styling. The kitchen features older oak-style cabinetry and tile countertops, while the flooring consists of worn carpeting and dated tile. Although the listing mentions updates over time, the property is explicitly marketed as a renovation opportunity for investors and contractors, with an unfinished backyard and original architectural features that require modernization to meet current market standards.
The 1,792 sqft layout includes a formal living room with a brick fireplace and a rare main-level bonus office/den, providing excellent functionality for remote work or guest accommodations.
Vaulted ceilings in the primary suite and both additional upstairs bedrooms create an airy, spacious atmosphere that enhances the home's interior appeal and perceived value.
Positioned as a value-add opportunity in a sought-after neighborhood, this property offers significant upside for investors or buyers looking to build equity through personalized renovations.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6642, other record lot size in square feet = 6718. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1792, other record living area = 1873.
The property is marketed as a project for contractors or investors, implying a need for immediate capital investment to address cosmetic updates and modernization.
The backyard is described as a blank canvas, meaning the buyer will need to incur additional costs and effort to establish landscaping, fencing, or outdoor living amenities.
Great opportunity to own this 3-bedroom, 3-bath home in a sought-after Palmdale neighborhood. This property offers a spacious layout, abundant natural light, and strong upside for buyers looking to renovate and add value. Upon entry, the formal living room features an open, bright layout with a brick fireplace and flows into the dining area, creating an inviting space for everyday living and entertaining. The kitchen and bathrooms have been updated over time, and the functional floor plan includes a main-level bonus office/den and a guest bath with laundry access. Upstairs, the primary suite offers generous space, vaulted ceilings, and an en suite bath. Two additional bedrooms also feature vaulted ceilings and share a full hallway bathroom. The backyard is a blank canvas ready for customization, ideal for entertaining, landscaping, or future enhancements. Perfect for investors, contractors, or buyers looking to personalize a home to their taste. Don't miss the opportunity to unlock this property's full potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 70% |
| Square foot | 1,792 | 1,455 | 74% |
| Lot Size | 6,642 | 7,123 | 25% |
| Price | $380.0K | $450.0K | 16% |
| Price per sq ft | $212 | $308 | 5% |
| Built year | 1984 | 1984 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 67 | 188 | 6% |
Mar 27, 2026
$380,000
$450,000
-16% Price Drop
Initial Listing
Feb 14, 2026
$450,000
Initial Listing
Oct 30, 2015
$230,000
Public Record
Jul 19, 2011
$106,000
Public Record
Jun 28, 1996
$113,000
Public Record