257 E Avenue Q4, Palmdale, California 93550, Palmdale, 93550 - 5 bed, 3 bath
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Palmdale, California 93550
This property presents a High-Potential Investment Opportunity with a List Price of $333,000—positioned well above the $182,415 Fair Market Value by -82%. Featuring a Condition Rating of 6, this asset requires a complete structural rebuild due to severe fire damage and a "Red Tag" status. Despite the damage, the property offers a private swimming pool and mountain views on a 6,696 sqft lot. This is a strictly cash-only acquisition, ideal for Fix-and-Flip Investors or experienced contractors capable of managing extensive re-permitting and reconstruction.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 257 E Avenue Q4 Subject | $333,000* List Price | 5 | 3 | 1,568 | $116 | - |
A 263 E Avenue Q4 Sold | $320,000 | 4 | 2 | 1,774 | $180 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
This property, built in 1956, suffered a severe fire in early 2024 and is currently 'Red Tagged,' indicating it is unsafe and unlivable. The images clearly show extensive fire damage, including charred roof joists, collapsed ceilings, and widespread debris throughout the interior. The structural integrity is severely compromised, making the property beyond repair in its current state and likely requiring demolition or a complete structural rebuild. Its value is primarily in the land.
Explicitly marketed as an 'INVESTORS* * CASH ONLY !' property, appealing to buyers seeking high-potential renovation projects.
The listing highlights a 'Great Location in Palmdale,' suggesting favorable community access or positioning.
Features a swimming pool, a sought-after amenity that adds value and recreational appeal post-restoration.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1568, other record living area = 1268. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The property was red-tagged due to a fire in early 2024, rendering it uninhabitable and requiring extensive, costly repairs and re-permitting.
The 'CASH ONLY!' requirement significantly narrows the buyer pool, as traditional mortgage financing is not an option.
**INVESTORS* * CASH ONLY ! Great Location in Palmdale @ 257 E Avenue Q4 Palmdale 92550 with a POOL. Caught fire early 2024 and is Red Tagged. Records shows 1,269 S.F. 3 Beds 2 Bath , but it is a 5 Bed 3 Baths with approximately 1,568 Sq Ft.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 97% |
| Baths | 3.0 | 2.0 | 70% |
| Square foot | 1,568 | 1,506 | 60% |
| Lot Size | 6,696 | 7,069 | 30% |
| Price | $333.0K | $452.0K | 4% |
| Price per sq ft | $212 | $310 | 6% |
| Built year | 1956 | 1984 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 155 | 156 | 48% |
May 23, 2026
$333,000
$375,000
-11% Price Drop
Initial Listing
Jan 16, 2026
$375,000
$400,000
-6% Price Drop
Initial Listing
Jan 2, 2026
$400,000
Initial Listing
May 10, 2010
$65,000
Public Record
Oct 22, 2003
$165,000
Public Record
Oct 18, 1995
$78,000
Public Record