38350 San Mateo Avenue, Palmdale, California 93551, Palmdale, 93551 - 4 bed, 3 bath
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Palmdale, California 93551
This property presents a High-Potential Investment Opportunity with a List Price of $499,900—positioned well below the $472,480 Fair Market Value by -5%. While the home carries a Condition Rating of 5, the expansive 13,222 square foot lot provides significant upside for forced appreciation through renovation or ADU development. This 4-bedroom, 3-bathroom asset offers a functional layout for long-term value. It is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a project with substantial land-use potential in a well-established Palmdale neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38350 San Mateo Avenue Subject | $499,900* List Price | 4 | 3 | 1,965 | $240 | - |
A 38010 San Mateo Avenue Sold | $600,000 | 4 | 3 | 2,604 | $230 | 0.5 mi |
B 38318 Wakefield Place Sold | $575,000 | 4 | 2 | 2,452 | $235 | 0.5 mi |
C 435 Questa Court Active | $550,000 List Price | 5 | 3 | 2,309 | $238 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1986 (38 years old) and appears to have original kitchen and bathroom finishes, including oak cabinetry and white tile countertops. The listing description explicitly mentions the need for 'TLC' and 'renovation,' and the carpet shows visible wear/staining, placing it in the category of a 30+ year old home needing rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13222, living area = 1965.
The massive 13,222 square foot lot offers rare flexibility for future improvements, including the potential for an ADU, custom pool, or extensive outdoor entertaining area.
With 4 bedrooms, 3 bathrooms, and a 3-car garage, the property provides a spacious and practical floor plan suitable for large families or multi-generational living.
The property requires 'TLC' and renovation, indicating that buyers will need to budget for immediate repairs and cosmetic upgrades to modernize the home.
The listing specifies no scenic views, which may limit the property's aesthetic appeal compared to other homes in the Palmdale area.
Endless possibilities await at 38350 San Mateo Avenue! Nestled on an expansive 13,222 square foot lot, this two-story Palmdale home offers 4 bedrooms, 3 bathrooms, and a spacious 3-car garage. Combining size, location, and future potential, this property presents a unique opportunity for buyers looking to create something special.The generous floor plan provides multiple living areas and comfortable bedroom accommodations, while the oversized backyard offers abundant space for outdoor entertaining, recreational use, future improvements, or potential ADU. The expansive lot is also large enough to accommodate the dream backyard you've always wanted, including the potential for a custom pool, outdoor kitchen, entertaining area, and more. With a lot of this size, opportunities are limited only by your imagination.Conveniently located near parks, schools, shopping, restaurants, and major retail centers, you'll enjoy easy access to everything Palmdale has to offer. Commuters will appreciate the property's proximity to the 14 Freeway, providing convenient travel throughout the region.Whether you're searching for a home to renovate and personalize, a long-term investment opportunity, or a property with room for future expansion, this residence delivers exceptional potential. A little TLC can go a long way in transforming this property into a true showcase. Don't miss your chance to own a large-lot home in a well-established neighborhood with endless possibilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,965 | 1,950 |
| Lot Size | 13,222 | 7,525 |
| Price | $499.9K | $526.3K |
| Price per sq ft | $254 | $278 |
| Built year | 1986 | 1989 |
| HOA | $0 | $119 |
| Days on market | 30 | 69 |
Jun 22, 2026
$499,900
Initial Listing