232 E Avenue P5, Palmdale, California 93550, Palmdale, 93550 - 3 bed, 2 bath
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232 E Avenue P5
Palmdale, California 93550
ACTIVE
CONDITION: GOOD
3Beds
2Baths
804Sq Ft
7,504Lot Size
Property Price
LIST PRICE$410,000
EST. MARKET VALUE
$384,386
6% AboveMARKET VALUE
SUMMARY
This Move-in Ready Single-Family Residence is a Strong Value Opportunity, listed at $410,000—positioned well above the $384,386 Fair Market Value by -6%. While the list price reflects a premium, the home features a Condition Rating of 3, highlighted by a Modernized Kitchen and updated flooring. The expansive 7,504 sq ft lot offers significant potential for outdoor customization or an ADU. This property is an ideal acquisition for first-time buyers or Owner-Occupants seeking a functional, updated home in a convenient Palmdale location.
Estimated Market Value
$384,386
Based on Realkey algorithm analyzing recent comparable sales in Palmdale.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 232 E Avenue P5 Subject | $410,000* List Price | 3 | 2 | 804 | $478 | - |
A 38714 2nd E Sold | $420,000 | 3 | 2 | 999 | $420 | 0.8 mi |
B 38609 Glenraven Sold | $382,000 | 3 | 2 | 1,022 | $374 | 0.9 mi |
C 39302 10th E Sold | $340,000 | 3 | 1 | 896 | $379 | 0.9 mi |
D 1028 E Avenue P5 Active | $455,000 List Price | 3 | 1 | 896 | $508 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Originally built in 1957, the home features a recently renovated interior with a modernized kitchen, updated bathrooms, new flooring, and recessed lighting. It is functional and move-in ready, though the exterior stucco and dirt yard require some maintenance and landscaping.
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 = 7504, living area = 804.
- Modernized Interior
The home is move-in ready featuring contemporary updates including new flooring, recessed lighting, and a fully remodeled kitchen with stainless steel appliances and sleek countertops.
- Generous Lot Size
Situated on a 7,504 sqft lot, the property provides significant outdoor space for gardening, entertainment, or the potential addition of an Accessory Dwelling Unit (ADU).
CONSRISKS & DEFICIENCIES
- Compact Living Area
With only 804 square feet of living space distributed across three bedrooms and two bathrooms, the interior layout may feel cramped and the individual room sizes are likely very small.
- Extended Market Time
The property has been on the market for 106 days, which may indicate that the current list price is high relative to the home's small square footage or local market demand.
About 232 E Avenue P5
Charming and move-in ready single-story home in Palmdale! This 3-bedroom, 2-bath residence offers 804 sq ft of thoughtfully updated living space. The interior features an open and bright layout with updated flooring, recessed lighting, and a modernized kitchen complete with sleek countertops, ample cabinetry, and stainless steel appliances. Both bathrooms have been tastefully updated, offering a clean and contemporary feel. The home also includes a spacious 2-car attached garage and a long driveway providing additional parking. Situated on a generous lot, the backyard offers plenty of space for outdoor enjoyment, gardening, or future customization. Conveniently located near schools, shopping, and major commuter routes, this property combines comfort, functionality, and value. A great opportunity to own a well-maintained home with room to make it your own!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 7,504 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 |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 804 | 1,908.528 |
| Lot Size | 7,504 | 7,579.892 |
| Price | $410.0K | $528.1K |
| Price per sq ft | $510 | $281 |
| Built year | 1957 | 1990 |
| HOA | $0 | $99 |
| Days on market | 128 | 70 |
Pricing History
Listed for Sale
May 4, 2026
$410,000
Initial Listing
Sold
Oct 27, 2017
$198,000
Public Record
Sold
Jul 11, 2016
$140,000
Public Record