Remodeled 4-Unit
For Sale
$1,200,000
Pending
38605 25th E Street, Palmdale, CA 93550
Residential Income, Palmdale, CA
Property Size5,626 SF
Lot Size0.71 Acres
Days on Market49
Property Features for 38605 25th E Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
PDR1
Bedrooms
15
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 10, Bedroom 11, Bedroom 4, Bedroom 12, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 8, Bedroom 3, Bedroom 5, Bedroom 13, Bathroom 5, Bedroom 1, Bedroom 15, Bathroom 2, Bedroom 9, Bedroom 14, Bathroom 8, Bathroom 7, Bedroom 7, Bathroom 6, Bedroom 6, Bathroom 1
Directions
25th st east and E AV Q
Subdivision
09 - Palm Div to 80th E
Standard status
Pending
APN
3018-016-049
Size
5,626 SF
Lot size
0.71 Acres
Additional Details
Tenant in Place
Yes
Utilities
Cooling system
Central Air
Amenities
recessed lighting
custom closets
upgraded fireplaces
custom storage
new AC/Heating systems
in-garage washer and dryer
designated laundry areas
private enclosed backyards
park like grounds
Building Details
Year built
1989
Number of units
4
Building materials
Stucco, Wood Siding
Roof type
Composition
Buildings
4
Listing Agency:
First Alliance Mortgage Corp
Listed By:
Frank Ilderem · License #01219638
(818) 968-5361
Added: Sep 16
Changed: Oct 30
Last Checked: Nov 3 at 7:06AM
MLS# 26007206
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.
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Investment Insights
Based on property information with market context.
This 4-unit residential property includes 15 bedrooms and 8 bathrooms across 5,626 square feet. The residences were remodeled and feature recessed lighting, custom closets, upgraded fireplaces, private enclosed backyards, and two-car garages with custom storage. Laundry is provided through in-garage washer and dryer setups in two units, while the remaining units have designated laundry areas. Two units include new AC and heating systems, and the property has central air conditioning.
Built in 1989 on 0.71 acres, the property is located at 38605 25th E Street in Palmdale, California. The site includes cul-de-sac parking and landscaped grounds, with zoning identified as PDR1. The property is fully occupied, including three Section 8 tenants, and is designated within an Opportunity Zone.
Built in 1989 on 0.71 acres, the property is located at 38605 25th E Street in Palmdale, California. The site includes cul-de-sac parking and landscaped grounds, with zoning identified as PDR1. The property is fully occupied, including three Section 8 tenants, and is designated within an Opportunity Zone.
Key Highlights
- 4‑unit property with 15 bedrooms and 8 bathrooms
- 5,626 square feet on 0.71 acres
- Remodeled residences with recessed lighting, custom closets, and upgraded fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,117
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,882,340
$1.9M
Cap Rate 7%
$1,344,529
$1.3M
Cap Rate 9%
$1,045,744
$1.0M
Market Conditions
NOI Build-Up for 5,626 SF
Gross rent
$143.8K $25.56/SF
− Vacancy
−$9.3K −$1.66/SF
EGI
$134.5K $23.90/SF
− OpEx
−$40.3K −$7.17/SF
NOI
$94.1K $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 Rate 5%
$1,882,340
Cap Rate 7%
$1,344,529
Cap Rate 9%
$1,045,744
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.18M – $1.57M
NOI $94,117 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,445 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$2.38M
$2.08M – $2.77M
NOI $166,285 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four side-by-side residences offer updated interiors, private enclosed yards, garages, and dedicated or in-garage laundry areas.
Where is this quadplex located?
The property is located at 38605 25th E Street Palmdale, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4‑unit property with 15 bedrooms and 8 bathrooms; 5,626 square feet on 0.71 acres; Remodeled residences with recessed lighting, custom closets, and upgraded fireplaces
