38321 Rosemarie Street, Palmdale, California 93550, Palmdale, 93550 - 3 bed, 1 bath
Loading property details...
Palmdale, California 93550
This property presents a High-Potential Investment Opportunity with a List Price of $399,999—positioned well below the $300,213 Fair Market Value by -33%. While the property requires significant capital investment due to its Fair Condition Rating and short sale status, the 6,066 square foot lot provides substantial room for value-add renovations or ADU expansion. This asset is best suited for Fix-and-Flip Investors or Contractors capable of navigating lender-approved transactions to unlock long-term equity in a commuter-friendly Palmdale location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38321 Rosemarie Street Subject | $399,999* List Price | 3 | 1 | 1,053 | $285 | - |
A 38363 Rosemarie Sold | $338,000 | 3 | 1 | 1,053 | $321 | 0.1 mi |
B 38648 21st E Sold | $334,000 | 3 | 1 | 1,014 | $329 | 0.6 mi |
C 3102 E Avenue Q13 Sold | $335,000 | 4 | 2 | 1,192 | $281 | 0.3 mi |
D 1634 Sweetbrier Active | $389,999 List Price | 3 | 1 | 1,010 | $386 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952 (72 years old) with no evidence of recent renovations. The listing describes it as a short sale and investment opportunity for renovation, sold as-is. Exterior shows makeshift HVAC (window unit and exposed mini-split lines), suggesting outdated or non-functional central systems.
This short sale property offers significant upside potential for investors or DIY buyers looking to build equity through renovation and customization in a growing market.
Conveniently situated near major schools, shopping centers, dining options, and commuter access points, making it highly attractive for families and working professionals.
The 6,066 square foot lot provides ample outdoor space for potential expansions, landscaping, or ADU possibilities, complementing the functional three-bedroom layout.
As a short sale subject to lender approval, the transaction may involve a prolonged closing timeline and additional bureaucratic hurdles compared to a standard sale.
The property is sold in its current condition with limited photography available, indicating a likely need for immediate capital investment for repairs and modernization.
Short sale opportunity with strong upside potential in Palmdale. Property offers a spacious layout, generous lot size, and convenient location near schools, shopping, dining, and commuter access. Ideal opportunity for buyers looking to customize, renovate, or invest. Property to be sold as-is and subject to lender approval. Limited photography available at this time. Buyer and buyer’s agent are advised to independently verify all information, including square footage, permits, condition, and any additions or modifications to the property. Great value and opportunity with long-term potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 9% |
| Square foot | 1,053 | 1,484 | 11% |
| Lot Size | 6,066 | 7,057.5 | 17% |
| Price | $400.0K | $455.0K | 19% |
| Price per sq ft | $380 | $312 | 84% |
| Built year | 1952 | 1984 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 158 | 1% |
May 21, 2026
$399,999
Initial Listing
Apr 23, 2025
$580,000
Public Record
Dec 5, 2024
$305,000
Public Record
Sep 20, 2004
$205,000
Public Record
Apr 7, 2004
$112,500
Public Record