308 E Avenue R8, Palmdale, California 93550, Palmdale, 93550 - bed, bath
308 E Avenue R8
Palmdale, California 93550
Property Price
SUMMARY
Analysis of 308 E Avenue R8, Palmdale, California 93550 is currently available with a list price of $1,500,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property was built in 1952, making it over 70 years old. The listing description explicitly states 'CURRENTY WITH APPROVED PERMITS TO BUILD UP TO 15 HOUSES,' indicating the primary value is in the land for redevelopment, not the existing structure. The provided images show only the exterior, which appears neglected, with debris in the yard, and a very dated house facade. There are no interior photos, which often suggests the interior is not presentable. While the description mentions 'an actual 2+2 house rented,' its condition is likely unlivable or beyond economical repair for its highest and best use, consistent with a property whose value is solely based on the land and its redevelopment potential.
PROSSTRENGTHS & OPPORTUNITIES
- Approved Development Permits
The property comes with approved permits to build up to 15 houses, significantly de-risking and accelerating future development potential.
- Substantial Land Size
A generous 5-acre lot (211,165 sqft) provides ample space for the approved multi-unit development, offering significant scale.
- Prime Location
Situated in a 'PRIME LOCATION SIDE TO DIVISION AVENUE' in Palmdale, suggesting excellent accessibility and potential visibility for a new residential community.
CONSRISKS & DEFICIENCIES
- Age of Existing Structure
The current 2+2 house was built in 1952, indicating it is an older structure that may require significant renovation or demolition as part of the development plan.
- Significant Capital Requirement
While permits are approved, the actual construction of up to 15 houses will necessitate a substantial capital investment and comprehensive project management.
- Limited Information on Existing House Condition
The property description provides minimal details regarding the condition or specific features of the existing 1952-built house, making it difficult to assess its current value or utility without further inspection.
About 308 E Avenue R8
PRIME LOCATION SIDE TO DIVISION AVENUE OF 5 ACRES, WITH AN ACTUAL 2+2 HOUSE RENTED, CURRENTY WITH APPROVED PERMITS TO BUILD UP TO 15 HOUSES
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 211,165 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | 1% |
| Baths | - | 2.0 | 1% |
| Square foot | 1,400 | 1,519 | 39% |
| Lot Size | 211,165 | 7,176.5 | 95% |
| Price | $1.50M | $455.0K | 99% |
| Price per sq ft | $1.1K | $300 | 99% |
| Built year | 1952 | 1985 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 212 | 191 | 63% |
Pricing History
Listed for Sale
Aug 6, 2025
$1,500,000
Initial Listing