40015 172nd E, Palmdale, California 93591, Palmdale, 93591 - 4 bed, 2 bath
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Palmdale, California 93591
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $390,000—positioned above the $383,413 Fair Market Value. While the property requires modernization, its Fair Condition Rating is offset by a massive 0.51-acre lot and a quiet cul-de-sac location. The recent interior and exterior paint provide a clean baseline for value-add renovations. This asset offers significant potential for long-term appreciation through cosmetic updates and land utilization. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40015 172nd E Subject | $390,000* List Price | 4 | 2 | 1,248 | $307 | - |
A 40333 E 168th Street Sold | $430,000 | 3 | 2 | 1,305 | $330 | 0.5 mi |
B 40315 177th E Sold | $369,900 | 3 | 2 | 1,143 | $324 | 0.7 mi |
C 40226 177th E Sold | $409,990 | 3 | 2 | 1,134 | $362 | 0.7 mi |
D 40166 178th Street E Sold | $380,000 | 4 | 2 | 1,248 | $304 | 0.7 mi |
E 17394 Laredo Vista Sold | $400,000 | 3 | 2 | 1,402 | $285 | 0.7 mi |
F 40062 164th E Sold | $357,000 | 3 | 2 | 1,134 | $315 | 0.8 mi |
G 40103 169th E Active | $399,999 List Price | 3 | 2 | 1,100 | $364 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978 (46 years old), the property falls into the 'Fair' category as it is significantly dated. While the recent interior and exterior paint provides a clean appearance, the kitchen features older cabinetry and appliances, and the overall finishes reflect a 15-30 year old renovation style rather than a modern update. It is functional but requires modernization of systems and aesthetics.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22313, living area = 1248.
The property sits on a generous 0.51-acre lot, providing significant space for outdoor recreation, potential ADU development, or additional storage.
With fresh interior and exterior paint and durable tile flooring throughout, the home offers a clean, move-in-ready appeal for buyers.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =22313, other record lot size in square feet = 22220.
As a 1978 build, the property may require future investments in major systems such as HVAC or plumbing that are not addressed by cosmetic updates.
The property's location in Lake Los Angeles is relatively isolated from Palmdale's main commercial hubs, which may be a drawback for those seeking proximity to amenities.
Spacious 1,248 sq ft home built in 1978 on a 0.51-acre lot located on a quiet cul-de-sac in Lake Los Angeles. 4 bedrooms, 2 bathrooms, a 2-car attached garage, tile flooring throughout, a cozy brick fireplace in the living room, and a large eat-in kitchen. Recently painted inside and out. .
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,248 | 1,950 |
| Lot Size | 22,313 | 7,525 |
| Price | $390.0K | $526.3K |
| Price per sq ft | $312 | $278 |
| Built year | 1978 | 1989 |
| HOA | $0 | $119 |
| Days on market | 21 | 69 |
Jul 1, 2026
$390,000
Initial Listing
Aug 30, 2013
$118,000
Public Record
Sep 28, 2000
$53,500
Public Record