4815 Diamond, Palmdale, California 93552, Palmdale, 93552 - 3 bed, 3 bath
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Palmdale, California 93552
This property presents a High-Potential Investment Opportunity with a List Price of $489,999—positioned well above the $344,636 Fair Market Value by -42%. While the property requires significant cosmetic updates, its Fair Condition Rating and 1,905 square feet of living space offer a blank canvas for value-add renovations. The absence of HOA and Mello-Roos fees enhances long-term holding potential. This asset is best suited for Buy-and-Hold Investors or first-time buyers capable of managing a renovation project to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4815 Diamond Subject | $489,999* List Price | 3 | 3 | 1,905 | $181 | - |
A 4820 Katrina Sold | $415,000 | 4 | 3 | 1,746 | $238 | 0.0 mi |
B 4937 Sunburst Sold | $375,000 | 4 | 3 | 1,460 | $257 | 0.8 mi |
C 36967 Alder Sold | $475,000 | 3 | 3 | 1,671 | $284 | 0.9 mi |
D 5060 Adobe Drive Sold | $405,000 | 4 | 3 | 1,670 | $243 | 0.7 mi |
E 4817 Harbor Court Sold | $420,000 | 3 | 2 | 1,327 | $317 | 0.8 mi |
F 5009 E Avenue R11 Active | $485,000 List Price | 3 | 3 | 1,600 | $303 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1987 (37 years old) with no mention of recent renovations. The listing explicitly states the home needs TLC, fresh paint, and new carpet, indicating it requires significant rehab to be modernized.
The absence of HOA fees and Mello-Roos assessments significantly reduces monthly carrying costs, making this an exceptionally budget-friendly option for first-time buyers.
Boasting 1,905 square feet with four bedrooms and an additional bonus room, the property provides ample living space and flexibility for a growing family or home office needs.
The home is gated for enhanced privacy and security, while its proximity to local schools and shopping centers offers high daily convenience.
The property requires immediate cosmetic attention, including new carpet and paint, which may deter buyers looking for a move-in-ready residence.
At 5,005 square feet, the lot is relatively small for a home of this size, limiting outdoor yard space compared to other detached residences in the Palmdale area.
Fantastic opportunity to own a spacious home full of potential! NO HOA and NO Mello-Roos. This charming property features 4 bedrooms, 3 bathrooms, plus a bonus room, offering plenty of space for a growing family, home office, or guest area. With just a little Love, fresh paint, and carpet, you can truly make this home shine and add your personal touch. Situated on a gated property with lush fruit trees, this home offers both privacy and charm. Conveniently located near schools, shopping centers, and everyday amenities. A great opportunity for first-time buyers, or anyone looking to create their dream home. Buyer to conduct their own investigations; title reflects 3 bedrooms and 3 bathrooms.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 43% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,905 | 1,876 | 51% |
| Lot Size | 5,005 | 7,060 | 4% |
| Price | $490.0K | $500.0K | 41% |
| Price per sq ft | $257 | $273 | 41% |
| Built year | 1987 | 1990 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 166 | 1% |
May 16, 2026
$489,999
Initial Listing
Jun 21, 2002
$156,000
Public Record