38905 2nd Street E, Palmdale, California 93550, Palmdale, 93550 - 3 bed, 2 bath
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38905 2nd Street E
Palmdale, California 93550
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,372Sq Ft
8,106Lot Size
Property Price
LIST PRICE$399,000
EST. MARKET VALUE
$405,341
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $420,000—positioned well below the $396,310 Fair Market Value by -5%. While the home carries a Fair Condition Rating (4/10) and requires modernization, the expansive 8,106 sqft lot provides significant development potential for an ADU or pool. This asset is ideal for Buy-and-Hold Investors or first-time buyers seeking a value-add project in a convenient Antelope Valley location near the Country Club.
Estimated Market Value
$405,341
Based on Realkey algorithm analyzing recent comparable sales in Palmdale.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38905 2nd Street E Subject | $399,000* List Price | 3 | 2 | 1,372 | $295 | - |
A 38502 Sumac Avenue Sold | $420,000 | 3 | 2 | 1,125 | $373 | 0.5 mi |
B 38609 Glenraven Sold | $382,000 | 3 | 2 | 1,022 | $374 | 0.3 mi |
C 38514 Carolside Avenue Sold | $435,000 | 3 | 2 | 1,721 | $253 | 0.5 mi |
D 38442 3rd St E E Active Under Contract | $415,000 List Price | 3 | 2 | 1,260 | $329 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1957, this property is significantly dated with no evidence of recent renovations. The bathroom and utility areas show age-appropriate wear, including older fixtures and minor wall damage, requiring updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 8106, living area = 1372.
- Development Potential
The expansive 8,106 sqft lot offers significant versatility, providing ample space for the construction of an ADU or a private pool to increase property value.
- Competitive Entry-Level Pricing
Listed at $420,000, this property is positioned as an affordable starter home, offering strong value for first-time buyers and investors in the Palmdale market.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1957, the property may require significant updates to aging electrical, plumbing, or HVAC systems to meet modern efficiency standards.
- Renovation Requirement
The description emphasizes 'potential' rather than recent upgrades, suggesting the interior likely needs cosmetic modernization and immediate capital investment.
About 38905 2nd Street E
Welcome to 38905 2nd St E in Palmdale! This inviting home offers a wonderful opportunity to enjoy comfortable living in a convenient Antelope Valley location. Featuring a functional layout, spacious living areas, ample of storage space and plenty of potential to make the space your own, this property is ready to welcome its next owner. The home provides a great blend of everyday comfort and practicality, with generous indoor space and outdoor potential for entertaining, relaxing, and potential ADU or pool construction. Ideally situated near shopping, dining, Antelope Valley Country Club and Desert Sands Park, this Palmdale property offers both convenience and value. Whether you’re a first-time buyer, growing household, or investor looking for an opportunity in the Antelope Valley, 38905 2nd St E is a property worth seeing. This is a great starter home and priced accordingly. Come discover the possibilities and envision your future here!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 8,106 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,372 | 1,908.528 |
| Lot Size | 8,106 | 7,579.892 |
| Price | $399.0K | $528.1K |
| Price per sq ft | $291 | $281 |
| Built year | 1957 | 1990 |
| HOA | $0 | $99 |
| Days on market | 22 | 70 |
Pricing History
Listed for Sale
Sep 2, 2026
$399,000
$420,000
-5% Price Drop
Initial Listing
Price Change
Aug 18, 2026
$420,000
Initial Listing
Sold
Oct 7, 2020
$280,000
Public Record