Duplex with Attached 1-Car
For Sale
$625,000
Pending
38726 4th Street, Palmdale, CA 93550
MULTI_FAMILY - Palmdale, CA
Property Size2,420 SF
Lot Size0.19 Acres
Days on Market102
Property Features for 38726 4th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
PDR3
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 1
Directions
Ave Q
Subdivision
09 - Palm Div to 80th E
Standard status
Pending
APN
3008-008-013
Size
2,420 SF
Lot size
0.19 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2006
Number of units
2
Building materials
Wood Siding
Roof type
Tile
Listing Agency:
JohnHart Real Estate
(818) 246-1099
Listed By:
Jovani Paredes · License #02079437
(661) 492-9706
Added: May 14
Changed: Aug 14
Last Checked: Aug 23 at 8:06AM
MLS# 26003891
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 2006-built duplex offers a combined 2,420 SF of living space, arranged as two units. Each unit features three bedrooms and two bathrooms with an attached 1-car garage. Construction is wood siding, with a tile roof, and the property is served by central heating and central air.
The duplex sits on a 0.19-acre lot and includes ample driveway parking. The property address is 38726 4th Street in Palmdale, CA 93550, in Los Angeles County.
The layout includes bedrooms and bathrooms across both units, supporting flexible living arrangements where one unit can be occupied while the other unit is used as a rental.
The duplex sits on a 0.19-acre lot and includes ample driveway parking. The property address is 38726 4th Street in Palmdale, CA 93550, in Los Angeles County.
The layout includes bedrooms and bathrooms across both units, supporting flexible living arrangements where one unit can be occupied while the other unit is used as a rental.
Key Highlights
- Duplex totaling 2,420 SF with two units
- Each unit has three bedrooms and two bathrooms
- Attached 1‑car garage per unit
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
$40,484
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
6.48%
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%
$809,680
$809.7K
Cap Rate 7%
$578,343
$578.3K
Cap Rate 9%
$449,822
$449.8K
Market Conditions
NOI Build-Up for 2,420 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
$61.9K $25.56/SF
− Vacancy
−$4.0K −$1.66/SF
EGI
$57.8K $23.90/SF
− OpEx
−$17.4K −$7.17/SF
NOI
$40.5K $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%
$809,680
Cap Rate 7%
$578,343
Cap Rate 9%
$449,822
Alternative Uses
Best Use
Multifamily LT 5
$578.3K
$506.1K – $674.7K
NOI $40,484 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$537.3K
$470.2K – $626.9K
NOI $37,614 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$1.02M
$894.1K – $1.19M
NOI $71,527 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,025
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 - 2006-built duplex with central heating and central air, each unit includes three bedrooms, two bathrooms, and an attached 1-car garage.
Where is this duplex located?
The property is located at 38726 4th Street Palmdale, CA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Duplex totaling 2,420 SF with two units; Each unit has three bedrooms and two bathrooms; Attached 1‑car garage per unit
