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38126 11th Street E, Palmdale, California 93550, Palmdale, 93550 - bed, bath

38126 11th Street E, Palmdale, California 93550 home-pic-0
ACTIVE UNDER CONTRACT$549,000
38126 11th Street E, Palmdale, California 93550
0Bed
0Bath
1,661Sqft
6,951Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Significant Financial Incentives: The property qualifies for a 0% down payment program and a $6,500 grant, making it highly accessible and financially attractive for prospective buyers.
Top Cons:
Unfinalized Third Unit Permitting: While plans are available and permits requested for the bonus third unit, the new buyer is responsible for finalizing the permitting process, which introduces potential delays, additional costs, and regulatory complexities.

Compared to the nearby listings

Price:$549.0K vs avg $837.5K ($-288,500)33%
Size:1,661 sqft vs avg 3,601 sqft33%
Price/sqft:$331 vs avg $24283%

More Insights

Built in 1952 (73 years old).
Condition: The property, built in 1952, shows a mix of conditions. One unit features a recently updated kitchen with modern blue shaker cabinets, white countertops, and stainless steel appliances, along with contemporary wood-look tile flooring. The bathroom in this unit also has an updated vanity and faucet, though the wall tile appears older. However, the second unit presents a more dated aesthetic with older light wood cabinets, laminate countertops, and large square tan/brown tile flooring throughout. Heating and cooling are handled by older wall-mounted units, not central HVAC. The overall property is aged, and while one unit has seen recent cosmetic updates, the other unit and the general systems (like HVAC) show signs of being outdated. The presence of an unfinished third unit also indicates a need for further investment and completion. This combination places the property in the 'Fair' category, as it is maintained and livable but requires minor updates and significant work to bring all units and systems to a modern standard.
Year Built
1952
Close
-
List price
$549K
Original List price
$599K
Price/Sqft
$331
HOA
-
Days on market
-
Sold On
-
MLS number
IN25163674
Home ConditionFair
Features
ViewNeighborhood

About this home

This Multi unit qualifies for 0% down plus a $6,500 grant**** Welcome to 38126 11th St E in Palmdale — a rare investment opportunity with exceptional potential. Live in one and rent the other: This spacious property offers a total of 1,661 square feet and is currently configured as a duplex featuring 4 bedrooms and 2 bathrooms, providing comfortable living arrangements for multiple occupants or rental income. But that’s not all — this property also includes a bonus third unit, presenting a unique chance for added value. Plans for the third unit are available, and permits have already been requested. The new buyer will have the opportunity to finalize the permitting process and bring their own vision to life. Whether you're looking to generate strong rental income, live in one unit and rent out the others, or create a multi-generational living space, this property offers the flexibility to suit your goals. Conveniently located in a central Palmdale neighborhood close to schools, shopping, dining, and major commuter routes, this is a perfect option for investors, developers, or owner-users seeking value and growth. Don’t miss out on this exciting opportunity to own a property with built-in expansion potential in one of the Antelope Valley’s most active rental markets.

Condition Rating
Fair
The property, built in 1952, shows a mix of conditions. One unit features a recently updated kitchen with modern blue shaker cabinets, white countertops, and stainless steel appliances, along with contemporary wood-look tile flooring. The bathroom in this unit also has an updated vanity and faucet, though the wall tile appears older. However, the second unit presents a more dated aesthetic with older light wood cabinets, laminate countertops, and large square tan/brown tile flooring throughout. Heating and cooling are handled by older wall-mounted units, not central HVAC. The overall property is aged, and while one unit has seen recent cosmetic updates, the other unit and the general systems (like HVAC) show signs of being outdated. The presence of an unfinished third unit also indicates a need for further investment and completion. This combination places the property in the 'Fair' category, as it is maintained and livable but requires minor updates and significant work to bring all units and systems to a modern standard.
Pros & Cons

Pros

Significant Financial Incentives: The property qualifies for a 0% down payment program and a $6,500 grant, making it highly accessible and financially attractive for prospective buyers.
Strong Income & Owner-Occupant Potential: Configured as a duplex, it offers immediate rental income generation or the flexibility for an owner to live in one unit and rent out the other, catering to various buyer needs.
Built-in Expansion Opportunity: The property includes a bonus third unit with available plans and requested permits, providing substantial future value and increased income potential upon completion.
Prime Investment Location: Situated in a central Palmdale neighborhood, it benefits from proximity to schools, shopping, dining, and major commuter routes, within the Antelope Valley's active rental market.
Value-Add Potential: The opportunity to finalize permitting and develop the third unit allows a new buyer to customize and significantly enhance the property's overall value and cash flow.

Cons

Unfinalized Third Unit Permitting: While plans are available and permits requested for the bonus third unit, the new buyer is responsible for finalizing the permitting process, which introduces potential delays, additional costs, and regulatory complexities.
Property Age and Potential Deferred Maintenance: Built in 1952, the property is over 70 years old, suggesting a higher likelihood of needing updates to major systems (e.g., plumbing, electrical, roofing) and general renovations to meet modern standards.
Recent Price Reductions: The property has undergone multiple price reductions from its original listing price of $599,000 to $549,000, which may signal market resistance, an initial overvaluation, or underlying issues affecting buyer interest.

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