38020 12th Street, Palmdale, California 93550, Palmdale, 93550 - 2 bed, 1 bath
ACTIVE$379,000
38020 12th Street, Palmdale, California 93550
2Beds
1Bath
751Sqft
9,002Lot
Price Vs. Estimate
The estimated value ($339,462.08) is $39,537.92 (10%) lower than the list price ($379,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 9002, living area = 751.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-08-01. The sold price is $180,000.00.
Compared to the nearby listings
Price:$379.0K vs avg $465.0K ($-86,000)11%
Size:751 sqft vs avg 1,507.5 sqft1%
Price/sqft:$505 vs avg $30699%
More Insights
Built in 1952 (73 years old).
Condition: The property has been extensively renovated, featuring a modern kitchen with new stainless steel appliances, updated cabinets, and countertops. The bathroom is also fully renovated with contemporary fixtures and tiling. New laminate flooring and fresh paint are present throughout the home. While the property is described as 'fully renovated' and appears move-in ready, the presence of a wall-mounted gas heater instead of a central HVAC system, along with the original build year of 1952, prevents it from achieving an 'Excellent' score. However, the significant updates make it a strong 'Good' condition.
Year Built
1952
Close
-
List price
$379K
Original List price
$389K
Price/Sqft
$505
HOA
-
Days on market
-
Sold On
-
MLS number
25620615
Home ConditionGood
Features
View-
About this home
This fully renovated, move-in ready home sits on a prime R3-zoned lot, offering exceptional potential for owner-users, investors, and developers alike. The cozy interior provides immediate comfort, while the R3 zoning opens the door to multi-family development, making it an ideal opportunity for long-term growth. Whether you're looking for a home to settle in or a property with exciting redevelopment potential, this is a rare find that combines livability with future possibilities.
Price History
Date
Event
Price
08/01/25
Sold
$180,000
06/16/04
Sold
$180,000
Condition Rating
Good
The property has been extensively renovated, featuring a modern kitchen with new stainless steel appliances, updated cabinets, and countertops. The bathroom is also fully renovated with contemporary fixtures and tiling. New laminate flooring and fresh paint are present throughout the home. While the property is described as 'fully renovated' and appears move-in ready, the presence of a wall-mounted gas heater instead of a central HVAC system, along with the original build year of 1952, prevents it from achieving an 'Excellent' score. However, the significant updates make it a strong 'Good' condition.
Pros & Cons
Pros
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 = 9002, living area = 751.
R3 Zoning & Development Potential: The property sits on a prime R3-zoned lot, offering exceptional potential for multi-family development and long-term growth for investors and developers.
Fully Renovated & Move-in Ready: The home has been fully renovated, providing immediate comfort and a move-in ready condition, reducing initial buyer effort and costs.
Generous Lot Size: A substantial 9002 sqft lot provides ample space, significantly enhancing the property's development potential under R3 zoning.
Recent Price Adjustment: A recent price reduction from $389,000 to $379,000 indicates potential value and seller motivation, attracting price-sensitive buyers.
Versatile Buyer Appeal: The property appeals to a broad range of buyers, including owner-users, investors, and developers, due to its current livability and future redevelopment possibilities.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-08-01. The sold price is $180,000.00.
Property Age: Built in 1952, the property is over 70 years old, which may imply potential for older underlying infrastructure or maintenance concerns despite recent renovations.
Limited Interior Space: With only 751 sqft, the home offers a relatively small living area, which might not suit buyers seeking more spacious accommodations or larger families.
Lack of Views: The property explicitly states 'None' for views, which could be a detractor for buyers prioritizing scenic surroundings or a premium aesthetic.