Duplex with PDC2
For Sale
$399,000
Pending
38617 E 9th Street, Palmdale, CA 93550
Residential Income, Palmdale, CA
Property Size903 SF
Lot Size0.35 Acres
Days on Market48
Property Features for 38617 E 9th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
PDC2
Bedrooms
1
Rooms
Bedroom 1
Directions
Ave Q to 9th St E
Subdivision
09 - Palm Div to 80th E
Standard status
Pending
APN
3008-031-002
Size
903 SF
Lot size
0.35 Acres
Building Details
Year built
1937
Number of units
2
Building materials
Frame
Roof type
Composition
Listing Agency:
Ace Realty-Palmdale
(661) 265-6513
Listed By:
Cedric Age · License #00978876
(661) 816-3282
Added: Jul 13
Changed: Aug 26
Last Checked: Aug 29 at 10:06AM
MLS# 26005418
Copyright © 2026 Greater Antelope Valley Association of Realtors. 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 contains 903 square feet within a frame-constructed building topped by a composition roof. Built in 1937, the property is positioned on a 0.35-acre parcel in Palmdale and is identified with PDC2 zoning, or Planned Development Commercial Category 2. The zoning designation accommodates a mix of commercial and residential options, including retail, office, restaurant, single-family, multi-unit, and assisted-living uses. The two-unit configuration also supports an owner-occupant arrangement with one unit leased to a separate occupant. The property is located at 38617 E 9th Street, Palmdale, California 93550.
Key Highlights
- Duplex property at 38617 E 9th Street, Palmdale, CA 93550
- 903 square feet of building area
- 0.35‑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
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Frequently Asked Questions
What type of property is this?
Duplex - Frame construction and a composition roof date to the 1937 build.
Where is this duplex located?
The property is located at 38617 E 9th Street 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 property at 38617 E 9th Street, Palmdale, CA 93550; 903 square feet of building area; 0.35‑acre parcel
