835 E Avenue Q, Palmdale, California 93550, Palmdale, 93550 - 0 bed, 0 bath
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Palmdale, California 93550
This Residential Income Duplex functions as a high-performance asset, currently listed at $410,000—a figure reflecting its premium income potential relative to the $381,738 Fair Market Value. The property’s primary strength lies in its rare 2.6% assumable FHA loan and a projected 8% cap rate based on $3,500 monthly gross rents. Holding a Condition Rating of 4, the units include granite countertops and private yards. This property is a strategic choice for Buy-and-Hold Investors or House-Hackers looking to secure a low-interest, cash-flowing investment in Palmdale.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 835 E Avenue Q Subject | $410,000* List Price | 0 | 0 | 1,412 | $270 | - |
A 38857 Rambler Avenue Sold | $350,000 | 2 | 2 | 1,412 | $248 | 0.1 mi |
B 38857 9th Street E Active | $325,000 List Price | 2 | 2 | 1,412 | $230 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, this duplex is well-maintained but shows clear signs of age consistent with the 'fair' category. The kitchen has been updated with granite countertops and newer wood cabinetry, and the living areas feature durable tile flooring. However, the exterior shows weathered fascia boards, and aerial imagery reveals a significant roof patch. While functional and move-in ready for tenants, the property requires minor cosmetic updates and potential roof maintenance to meet modern standards.
The property features a rare 2.6% assumable FHA loan, offering a significant financial advantage and lower monthly carrying costs in the current high-interest rate environment.
With a projected 8% cap rate and $3,500 in monthly gross rents at a $410,000 price point, this duplex provides exceptional cash flow and immediate ROI for investors.
The front unit will be delivered vacant at close of escrow, allowing a buyer to move in as a house-hacker or immediately place a new tenant at current market rates.
Built in 1953, the property may require ongoing maintenance or capital expenditures for aging infrastructure and systems compared to more modern builds.
Both units are 1-bedroom, 1-bathroom layouts, which may limit the tenant pool to individuals or couples and restrict long-term rental growth compared to multi-bedroom units.
Great investment opportunity in a convenient Palmdale location! This duplex features two separate units, each offering 1 bedroom and 1 bathroom, making it an ideal setup for investors or owner-occupants alike. Both units enjoy their own private yard space, providing added privacy and outdoor living potential for tenants. Whether you’re looking to expand your rental portfolio or live in one unit while generating income from the other, this property offers excellent flexibility. The front tenant will be vacating prior to the close of escrow, allowing a new owner the option to move in or place a new tenant at current market rent. With strong rental demand in the area and immediate income potential, this property presents a fantastic opportunity for instant ROI. Conveniently located near shopping, dining, and commuter routes, this duplex combines practicality, income potential, and long-term value. UNBEATABLE CASH FLOW: Generating $3,500/mo in gross rents at a $410k entry point. Perfect for 1031-Exchange or a savvy House-Hacker looking to live for nearly free. Professionally managed/Well-maintained. Price reflects a rare 8% cap rate potential for the Antelope Valley. As another bonus, the current loan is FHA 2.6% and it is assumable!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,412 | 1,661 | 29% |
| Lot Size | 5,401 | 7,207 | 14% |
| Price | $410.0K | $540.0K | 29% |
| Price per sq ft | $290 | $277 | 57% |
| Built year | 1953 | 1953 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 168 | 14% |
Apr 10, 2026
$410,000
Initial Listing
Apr 10, 2020
$258,000
Public Record
Jan 21, 2016
$146,000
Public Record
Jan 10, 2003
$86,000
Public Record