410 412 E Avenue Q7, Palmdale, California 93550, Palmdale, 93550 - 0 bed, 0 bath
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Palmdale, California 93550
This duplex presents a High-Potential Investment Opportunity with a List Price of $437,000—positioned above the $406,451 Fair Market Value by 7%. While the property requires modernization due to its Fair Condition Rating, it offers immediate cash flow of $2,576/month. The ability to acquire the adjacent duplex provides a rare chance for portfolio scaling. With tenants covering most utilities, this asset is a stable choice for Buy-and-Hold Investors or Value-Add Investors seeking to modernize aging systems and capture long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 410 412 E Avenue Q7 Subject | $437,000* List Price | 0 | 0 | 1,360 | $299 | - |
A 38126 11th Street E Sold | $540,000 | 4 | 2 | 1,661 | $325 | 0.8 mi |
B 38126 11th Street E Sold | $540,000 | 0 | 0 | 1,661 | $325 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1957, the property is 67 years old and features significantly dated kitchens and bathrooms that appear to be over 30 years old. The reliance on old wall heaters and window AC units instead of modern HVAC, combined with the overall age and the listing's restriction to 'drive-by only,' indicates the property requires a full rehab to modernize systems and interiors.
The property is fully occupied and generates a steady gross rental income of $2,576 per month, providing immediate returns for an investor.
The availability of the adjacent duplex offers a rare opportunity to acquire two neighboring income properties simultaneously, increasing management efficiency.
Tenants are responsible for most utilities, including electricity and gas, which helps minimize the owner's monthly operating expenses.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6003, other record lot size in square feet = 7528. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1360, other record living area = 1482.
The requirement of an accepted offer prior to interior inspections limits the buyer's ability to assess the unit conditions before committing.
Built in 1957, the property may have aging systems or infrastructure that could necessitate future capital expenditures for repairs or modernization.
Excellent investment opportunity featuring a fully occupied duplex producing **$2,576/month ($30,912 annually)** in gross rental income. Listed at **$437,000**, this property offers a **GRM of 14.14** and an approximate **4.8% cap rate**. Both 2-bedroom, 1-bath units are tenant occupied, with tenants paying all utilities except water and trash. **The neighboring duplex at 406–408 E Ave Q-7 is also available for purchase**, providing a rare chance to own two adjacent income-producing properties. Conveniently located near shopping, schools, and major commuter routes. **Please do not disturb tenants. Drive-by only. Interior inspections available with an accepted offer.**
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,360 | 3,340 |
| Lot Size | 6,003 | 7,977 |
| Price | $437.0K | $522.6K |
| Price per sq ft | $321 | $257 |
| Built year | 1957 | 1969 |
| HOA | $0 | $0 |
| Days on market | 8 | 74 |
Jul 14, 2026
$437,000
Initial Listing
Aug 20, 2021
$400,000
Public Record
Dec 11, 2020
$325,000
Public Record
Dec 23, 2015
$100,000
Public Record
Aug 24, 2009
$68,000
Public Record
Feb 9, 2005
$220,000
Public Record