38502 Sumac Avenue, Palmdale, California 93550, Palmdale, 93550 - 3 bed, 2 bath
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Palmdale, California 93550
This Modernized Turnkey Residence is a Prime Investment Opportunity, listed at $417,000—positioned well below the $428,431 Fair Market Value by 2%. This valuation gap provides $11,431 in Instant Equity for the savvy buyer. Boasting a Condition Rating of 3, the interior features new luxury vinyl plank flooring and fresh neutral paint, ensuring a move-in-ready experience. The inclusion of ready-to-use ADU plans offers significant forced appreciation and rental income potential. Located in the Palmdale school district, this asset is perfectly suited for Buy-and-Hold Investors or first-time buyers seeking a high-upside sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38502 Sumac Avenue Subject | $417,000* List Price | 3 | 2 | 1,125 | $381 | - |
A 38226 Carolside Sold | $464,900 | 3 | 2 | 1,041 | $447 | 0.4 mi |
B 38202 Delacour Drive Sold | $399,900 | 3 | 2 | 1,250 | $320 | 0.5 mi |
C 38249 Gunton Sold | $400,000 | 3 | 2 | 1,040 | $385 | 0.4 mi |
D 38626 2nd Street Sold | $410,000 | 3 | 2 | 1,022 | $401 | 0.3 mi |
E 38609 Glenraven Active | $409,900 List Price | 3 | 2 | 1,022 | $401 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready, turnkey condition with several recent cosmetic updates. It features new luxury vinyl plank flooring throughout the main living areas, fresh neutral paint, and clean carpeting in the bedrooms. While the kitchen cabinets and one bathroom vanity are older styles, they have been well-maintained or painted to appear fresh. One bathroom has been updated with modern large-format wall tile in the shower. Overall, the home shows minimal wear and tear despite its 1957 build date.
The inclusion of ready-to-use ADU plans in the sale provides a significant value-add opportunity for investors or homeowners seeking rental income or multi-generational living space.
Described as a clean and well-maintained home, the property offers a move-in-ready experience, which is highly attractive for first-time buyers looking to avoid immediate renovation costs.
Situated in a highly regarded area of Palmdale, the property benefits from an excellent location that supports long-term property value and resident convenience.
Built in 1957, the property may have aging infrastructure or systems that require more frequent maintenance and updates compared to newer residential developments.
With only 1,125 square feet of living space for a three-bedroom layout, the interior rooms and common areas may feel restrictive for larger families or those requiring spacious interiors.
Clean home in excellent location. Plans for ADU are included in sale.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,125 | 1,452 | 21% |
| Lot Size | 6,454 | 7,123 | 21% |
| Price | $417.0K | $450.0K | 33% |
| Price per sq ft | $371 | $309 | 78% |
| Built year | 1957 | 1984 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 188 | 1% |
Apr 14, 2026
$417,000
Initial Listing
Dec 8, 2023
$350,000
Public Record
May 1, 2000
$66,000
Public Record