Two-Unit Duplex
For Sale
$370,000
38833 Rambler Avenue, Palmdale, CA 93550
Residential Income, Palmdale, CA
Property Size1,412 SF
Lot Size0.14 Acres
Price / SF$262.04
Days on Market80
Property Features for 38833 Rambler Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LCR3
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Directions
(Exit 33) Turn Left onto Palmdale Boulevard
Subdivision
09 - Palm Div to 80th E
Standard status
Active
APN
3022-020-032
Size
1,412 SF
Lot size
0.14 Acres
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Year built
1953
Number of units
2
Roof type
Asphalt
Listing Agency:
Real Brokerage Technologies
(916) 848-7554
Listed By:
Michael K Watson · License #02241490
(661) 902-4991
Added: Jul 21
Changed: Oct 6
Last Checked: Oct 8 at 12:06AM
MLS# 26005797
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 contains 1,412 square feet arranged as two residential units. Each unit includes one bedroom and one bathroom, creating a straightforward two-residence layout. The property was built in 1953 and has an asphalt roof, central air conditioning, and natural gas heating.
The parcel encompasses 0.14 acres in Palmdale, California, within Los Angeles County. Zoning is designated LCR3. The property is located at 38833 Rambler Avenue in the 93550 postal area.
The parcel encompasses 0.14 acres in Palmdale, California, within Los Angeles County. Zoning is designated LCR3. The property is located at 38833 Rambler Avenue in the 93550 postal area.
Key Highlights
- Two‑unit duplex with 1,412 square feet
- Each unit includes 1 bedroom and 1 bathroom
- 0.14‑acre parcel in Palmdale, CA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,621
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,420
$472.4K
Cap Rate 7%
$337,443
$337.4K
Cap Rate 9%
$262,456
$262.5K
Market Conditions
NOI Build-Up for 1,412 SF
Gross rent
$36.1K $25.56/SF
− Vacancy
−$2.3K −$1.66/SF
EGI
$33.7K $23.90/SF
− OpEx
−$10.1K −$7.17/SF
NOI
$23.6K $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%
$472,420
Cap Rate 7%
$337,443
Cap Rate 9%
$262,456
Alternative Uses
Best Use
Multifamily LT 5
$337.4K
$295.3K – $393.7K
NOI $23,621 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$313.5K
$274.3K – $365.8K
NOI $21,947 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$596.2K
$521.7K – $695.6K
NOI $41,734 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
558
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide a compact rental configuration with central air and natural gas heating.
Where is this duplex located?
The property is located at 38833 Rambler Avenue Palmdale, CA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,412 square feet; Each unit includes 1 bedroom and 1 bathroom; 0.14‑acre parcel in Palmdale, CA
