38527 36th St East, Palmdale, California 93550, Palmdale, 93550 - 3 bed, 2 bath
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Palmdale, California 93550
This property presents a High-Potential Investment Opportunity with a List Price of $410,000—positioned above the $364,915 Fair Market Value by -12%. While currently priced above market, the asset generates immediate cash flow with a $2,700 monthly Section 8 income. Featuring a 4 Condition Rating, the home includes a remodeled kitchen, newer roof, and a 600 sqft bonus room. This is a stable, income-producing Buy-and-Hold Asset ideal for Buy-and-Hold Investors or first-time buyers seeking a turnkey rental property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38527 36th St East Subject | $410,000* List Price | 3 | 2 | 1,041 | $351 | - |
A 38466 Landon Avenue Sold | $400,000 | 3 | 2 | 1,141 | $351 | 0.1 mi |
B 38609 32nd Street E Sold | $400,000 | 3 | 1 | 1,064 | $376 | 0.4 mi |
C 38539 35th Street E Sold | $399,000 | 4 | 2 | 1,288 | $310 | 0.1 mi |
D 38733 Landon Active | $409,900 List Price | 3 | 2 | 1,041 | $394 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956 with renovations (kitchen, roof, flooring) likely completed over 10 years ago given the current tenant's 10-year occupancy. While the kitchen and roof have been updated, the interior shows significant wear-and-tear, including stained flooring in the bonus room and dated fixtures. The use of an evaporative cooler instead of central HVAC and the overall cosmetic condition suggest it needs minor repairs and modern updates to be move-in ready for an owner-occupant.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7003, living area = 1041.
The property is a turnkey investment currently generating $2,700 per month in Section 8 income with reliable, long-term tenants already in place.
Key structural and aesthetic updates including a newer roof, remodeled kitchen, updated laminate flooring, and fresh interior/exterior paint reduce the need for immediate capital expenditures.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1041, other record living area = 1000.
The home relies on an evaporative cooler rather than a modern central HVAC system, which may be less effective during the extreme high-desert summer heat.
The original 1,041 sqft footprint is relatively small for a 3-bedroom, 2-bath home, which may result in smaller individual room dimensions.
Looking for rental income or a first time home buyer? This cozy yet quaint home has both 3 bedrooms and 2 full baths!! Remodeled home including newer laminate flooring, paint, kitchen,roof, detached 2 car garage,plus added bonus room ( approx 600 ft) with laundry facilities! Yard is fully fenced and new exterior paint and evap cooler! Beautiful used brick accent front covered porch. Home is currently rented as a sec 8 bringing in $2700 a month income. Home passed inspection recently and tenants have lived there almost 10 years. They are aware of sale and it will not be an issue if buyers want them to vacate.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,041 | 1,950 |
| Lot Size | 7,003 | 7,525 |
| Price | $410.0K | $526.3K |
| Price per sq ft | $394 | $278 |
| Built year | 1956 | 1989 |
| HOA | $0 | $119 |
| Days on market | 15 | 69 |
Jul 7, 2026
$410,000
Initial Listing
Aug 16, 2023
$250,000
Public Record