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    Residential Income Property with Acreage Title is generated by Realmo AI

    38906 10th Street, Palmdale, CA 93550

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    Picture of Single family properties at 38906 10th Street, Palmdale, CA
    Pending
    $425,000

    MULTI_FAMILY - Palmdale, CA

    Property size:
    1,962 SF
    Lot size:
    2.52 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 4 at 11:06 am

    Property Features for 38906 10th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    PDM1
    Bedrooms
    2
    Rooms
    Bedroom 1, Bedroom 2
    Standard status
    Pending
    APN
    3022-016-023
    Size
    1,962 SF
    Lot size
    2.52 Acres

    Utilities

    Cooling system
    Evaporative Cooling

    Building Details

    Year built
    1953
    Number of units
    1
    Building materials
    Stucco, Wood Siding, Shingle Siding

    We can help!

    Listing Contact
    Darlene Sandoval

    Listing agent Darlene Sandoval License #02140848

    Listing office Keller Williams Realty A.V. 1401 W Rancho Vista Blvd Suite B, Palmdale, CA

    Listing date Jun 2, 2026

    MLS# 26004328 Listing URL

    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.

    HighLights

    • Year built: 1953
    • Evaporative cooling
    • Construction materials include stucco, wood siding, and shingle siding
    • Includes 2 bedrooms: bedroom 1 and bedroom 2

    Overview

    This for-sale residential income property presents a straightforward investment or housing option, positioned on a 2.52-acre lot. The offering includes 1,962 square feet of property size and is identified under PDM1 zoning. The listing is entered into MLS for reporting purposes, and the seller is currently working with an existing purchaser.

    Located at 38906 10th Street in Palmdale, California, this property is situated within Los Angeles County. The public remarks indicate the seller is already engaged with a purchaser, and they ask that occupants not be solicited. For any questions about the property or the sales process, prospective buyers should contact the listing agent directly.

    Given the residential income classification and the combination of indoor square footage with a larger lot size, this asset may appeal to buyers looking for an investment that can accommodate a variety of operational plans within the constraints of PDM1 zoning. The current sales status should be considered when making inquiries, and buyers are encouraged to discuss fit and next steps with the listing agent.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $58.9k $30.00
    − Vacancy −$3.4k −$1.74
    EGI $55.4k $28.26
    − OpEx −$25.0k −$12.72
    NOI $30.5k $15.54
    1,962 SF · lease $30.00/SF/yr · vacancy 5.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $435.6K
    $381.2K – $508.3K (±1% cap)
    NOI $30,495 @ 7.0% cap · market cap 7.18%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $828.4K
    $724.9K – $966.5K (±1% cap)
    NOI $57,990 @ 7.0% cap · market cap 13.64%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palmdale
    County
    Los Angeles
    State
    California
    Longitude
    -118.110798
    Latitude
    34.58936

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    FAQs

    What type of property is this?
    Single family property - For sale residential income opportunity offering 1,962 sq. ft. on 2.52 acres in PDM1 zoning.
    Where is this single family property located?
    The property is located at 38906 10th Street Palmdale, CA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Year built: 1953; Evaporative cooling; Construction materials include stucco, wood siding, and shingle siding
    (661) 618-9515
    We can help!
    Listing Contact
    Darlene Sandoval
    Real Estate License ID: 02140848
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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