Duplex with PDC2
For Sale
$399,000
Pending
38617 9th St, Palmdale, CA 93550
Residential Income, Traditional, Palmdale, CA
Property Size903 SF
Lot Size0.35 Acres
Days on Market48
Property Features for 38617 9th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
PDC2
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Living Room, Bedroom 1
Parking features
Driveway
Directions
Ave Q to 9th St E
Subdivision
Palmdale
Standard status
Pending
APN
3008-031-002
Size
903 SF
Lot size
0.35 Acres
Utilities
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s)
Building Details
Year built
1937
Floors in Building
1
Number of units
2
Flooring type
Carpet
Architectural style
Other
Listing Agency:
ACE Realty
(661) 265-6513
Listed By:
Cedric Age · License #00978876
(661) 816-3282
Added: Jul 13
Changed: Aug 19
Last Checked: Aug 29 at 10:06AM
MLS# 26859639
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex property includes 903 square feet on a 0.3487-acre parcel. Built in 1937, the residence includes a living room, bedroom, and bathroom, with carpet flooring, natural-gas heating, and wall/window unit cooling. A driveway provides on-site parking.
The property is located at 38617 9th St in Palmdale, California, within PDC2 zoning. The designation is identified as Planned Development Commercial Category 2 and supports commercial and residential development options, including retail, office, restaurant, single-family, multi-unit, and assisted-living uses. The source information also identifies the property as suitable for an owner-occupant and rental arrangement.
The property is located at 38617 9th St in Palmdale, California, within PDC2 zoning. The designation is identified as Planned Development Commercial Category 2 and supports commercial and residential development options, including retail, office, restaurant, single-family, multi-unit, and assisted-living uses. The source information also identifies the property as suitable for an owner-occupant and rental arrangement.
Key Highlights
- Duplex classification with potential for owner occupancy and rental use
- 903 square feet of building area
- 0.3487‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,106
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$302,120
$302.1K
Cap Rate 7%
$215,800
$215.8K
Cap Rate 9%
$167,844
$167.8K
Market Conditions
NOI Build-Up for 903 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.1K $25.56/SF
− Vacancy
−$1.5K −$1.66/SF
EGI
$21.6K $23.90/SF
− OpEx
−$6.5K −$7.17/SF
NOI
$15.1K $16.73/SF
Area
Palmdale, CA
Vacancy
6.50%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$302,120
Cap Rate 7%
$215,800
Cap Rate 9%
$167,844
Alternative Uses
Best Use
Multifamily LT 5
$215.8K
$188.8K – $251.8K
NOI $15,106 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$200.5K
$175.4K – $233.9K
NOI $14,035 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$381.3K
$333.6K – $444.8K
NOI $26,690 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,163
Businesses Nearby
Explore this area
Business Placement
Demographics for 93550, CA
82,379
Population
23,965
Households
3.4
Avg Household Size
31
Median Age
10%
College-Educated
71%
High-School Grad
259.3 sq mi
ZIP Area
318
Density / Sq Mi
$63,811
Median Household Income
$34,287
Median Earnings
$1,573
Median Rent
$378,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Compact income property with driveway parking and flexible mixed-use zoning.
Where is this duplex located?
The property is located at 38617 9th St Palmdale, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Duplex classification with potential for owner occupancy and rental use; 903 square feet of building area; 0.3487‑acre parcel
