38447 26th E, Palmdale, California 93550, Palmdale, 93550 - 2 bed, 1 bath
ACTIVE$899,000$927/sqft
38447 26th E, Palmdale, California 93550
2Beds
1Bath
927Sqft
60,544Lot
Price Vs. Estimate
Estimation data not available
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 = 60544, living area = 927.
Top Cons:
Tenant Occupancy: The property is tenant-occupied, which may present challenges for immediate owner-occupancy, property showings, or redevelopment plans, requiring careful negotiation and planning.
Compared to the nearby listings
Price:$899.0K vs avg $455.0K (+$444,000)98%
Size:927 sqft vs avg 1,485 sqft7%
Price/sqft:$970 vs avg $30399%
More Insights
Built in 1950 (76 years old).
Condition: Built in 1950, this property is 74 years old with no indication of significant renovations. The MLS description explicitly notes the 'Age of Structure (1950)' as a weakness, stating it 'potentially requiring significant updates, renovations, or repairs to meet modern standards or commercial operational needs.' While tenant-occupied, suggesting it's currently livable, the lack of interior images and the age strongly imply that the kitchen, bathroom, and major systems are severely outdated and require substantial rehabilitation to be functional and comfortable by modern standards. The property's value appears to be primarily in its large lot and commercial zoning, not the existing structure's condition.
Year Built
1950
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$970
HOA
-
Days on market
-
Sold On
-
MLS number
SR26006763
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
Great property for small business owner , zoning: PDC3. for more information check with the Building and safety dept. Tenant Occupied.
W
Walter Battaglia
Listing Agent
Price History
Date
Event
Price
12/18/00
Sold
$84,000
01/09/18
Sold
$210,000
Condition Rating
Poor
Built in 1950, this property is 74 years old with no indication of significant renovations. The MLS description explicitly notes the 'Age of Structure (1950)' as a weakness, stating it 'potentially requiring significant updates, renovations, or repairs to meet modern standards or commercial operational needs.' While tenant-occupied, suggesting it's currently livable, the lack of interior images and the age strongly imply that the kitchen, bathroom, and major systems are severely outdated and require substantial rehabilitation to be functional and comfortable by modern standards. The property's value appears to be primarily in its large lot and commercial zoning, not the existing structure's 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 = 60544, living area = 927.
Commercial Zoning (PDC3): The property benefits from PDC3 zoning, offering significant flexibility for commercial use and development, making it highly attractive to small business owners or investors.
Expansive Lot Size: With over 60,000 sqft (approx. 1.39 acres), the large lot provides ample space for expansion, additional structures, parking, or diverse commercial operations.
Desirable City Lights View: The property boasts a captivating city lights view, enhancing its aesthetic appeal and potentially increasing its market value.
Versatile Investment Potential: Combining a residential structure with commercial zoning on a large lot presents a unique opportunity for mixed-use development, business operations, or long-term land appreciation.
Targeted for Business Owners: Explicitly marketed as 'Great property for small business owner,' indicating its suitability and potential for commercial ventures.
Cons
Tenant Occupancy: The property is tenant-occupied, which may present challenges for immediate owner-occupancy, property showings, or redevelopment plans, requiring careful negotiation and planning.
Age of Structure (1950): Built in 1950, the existing residential structure is older, potentially requiring significant updates, renovations, or repairs to meet modern standards or commercial operational needs.
Significant Price Increase: The current list price of $899,000 represents a substantial increase from its last sale of $210,000 in 2018, necessitating thorough market analysis to justify its current valuation.