39044 162nd E, Palmdale, California 93591, Palmdale, 93591 - 3 bed, 2 bath
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Palmdale, California 93591
This Value-Add Residential Property is a High-Potential Investment Opportunity listed at $389,900—positioned below the $397,612 Fair Market Value by 2%. This valuation gap provides $7,712 in Instant Equity for buyers ready to modernize the space. The home carries a Fair Condition Rating, featuring an outdated kitchen and original 1986 finishes that offer a clear path for forced appreciation. Situated on an expansive 29,404 sqft gated lot, the property provides exceptional privacy and utility. It is an ideal project for Fix-and-Flip Investors or Owner-Occupants seeking a high-equity entry point in Palmdale.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 39044 162nd E Subject | $389,900* List Price | 3 | 2 | 1,402 | $278 | - |
A 38997 164th E Sold | $282,500 | 3 | 2 | 1,134 | $249 | 0.2 mi |
B 39006 162nd Street E Sold | $390,000 | 3 | 2 | 1,134 | $344 | 0.1 mi |
C 39345 167th Street East Sold | $405,000 | 4 | 2 | 1,300 | $312 | 0.6 mi |
D 38721 156th E Sold | $390,000 | 3 | 2 | 1,402 | $278 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, this property is aged and shows signs of being outdated, particularly in the kitchen. The kitchen features older light wood cabinets, laminate countertops, and white, dated appliances (including a coil-top electric range). The flooring in the living areas and kitchen also appears older. While functional, the home requires significant cosmetic updates to meet current standards, aligning with the 'fair' condition criteria for properties built over 20 years ago with no major renovations since construction or renovations 15-30 years ago.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 29404, living area = 1402.
The property boasts a substantial lot of over 29,000 sqft, offering significant outdoor space, privacy, and potential for future development or extensive landscaping.
Being a gated home provides an added layer of security and privacy, appealing to buyers seeking a more secluded living environment.
Constructed in 1986, the property is approaching 40 years old, which may necessitate updates to major systems, appliances, or cosmetic finishes to meet modern standards.
The interior square footage of 1402 sqft is relatively modest for a 3-bedroom home, potentially limiting spaciousness for larger families or those desiring more living area.
The absence of any notable views ('view: None') could be a drawback for buyers prioritizing scenic surroundings or a premium aesthetic.
This 3 bedroom, 2 bathroom, gated home, which is situated on a large lot, over 29,000 sqft, is perfect for any family.
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 | 1,402 | 1,311 | 64% |
| Lot Size | 29,404 | 28,265 | 64% |
| Price | $389.9K | $392.5K | 41% |
| Price per sq ft | $278 | $296 | 41% |
| Built year | 1986 | 1986 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 107 | 166 | 32% |
Feb 10, 2026
$389,900
$429,000
-9% Price Drop
Initial Listing
Jan 5, 2026
$429,000
Initial Listing
Aug 11, 2022
$415,000
Public Record
Nov 17, 2016
$85,000
Public Record
Sep 30, 2015
$122,000
Public Record
Jul 14, 2006
$285,000
Public Record
Nov 10, 2003
$140,000
Public Record
May 27, 2003
$119,000
Public Record
Feb 20, 2001
$62,000
Public Record