Renovated Duplex With Two
For Sale
$479,999
38902 Rambler Avenue, Palmdale, CA 93550
Residential Income, Palmdale, CA
Property Size1,770 SF
Lot Size0.15 Acres
Price / SF$271.19
Days on Market91
Property Features for 38902 Rambler Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LCR2
Bedrooms
6
Rooms
Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6
Directions
Take sierra highway , make a right on avenue q I left on rambler
Subdivision
09 - Palm Div to 80th E
Standard status
Active
APN
3022-019-001
Size
1,770 SF
Lot size
0.15 Acres
Additional Details
Tenant in Place
Yes
Utilities
Heating system
Ductless (Heating)
Cooling system
Ductless
Building Details
Year built
1955
Number of units
2
Building materials
Stucco
Roof type
Asphalt
Listing Agency:
Ethos International Real Estate
(949) 572-7743
Listed By:
Jose Navas Ampuero · License #02050322
(818) 641-0986
Added: Aug 3
Changed: Oct 27
Last Checked: Nov 1 at 12:06PM
MLS# 26006142
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 duplex contains 1,770 square feet across two renovated residences on a 0.15-acre lot. The front unit offers three bedrooms and one bathroom, while the rear unit includes two bedrooms, one bathroom, and a bonus room that can function as a third bedroom. Interior improvements include refreshed flooring and updated kitchen and bathroom finishes.
Both residences are occupied by tenants supported through the HUD-VASH program. The property is located in unincorporated Palmdale and carries LCR2 zoning. Built in 1955, the improvements feature stucco construction, an asphalt roof, and ductless heating and cooling.
Both residences are occupied by tenants supported through the HUD-VASH program. The property is located in unincorporated Palmdale and carries LCR2 zoning. Built in 1955, the improvements feature stucco construction, an asphalt roof, and ductless heating and cooling.
Key Highlights
- 1,770‑square‑foot duplex on a 0.15‑acre lot
- Front residence has 3 bedrooms and 1 bathroom
- Rear residence has 2 bedrooms, 1 bathroom, and a bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,610
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,200
$592.2K
Cap Rate 7%
$423,000
$423.0K
Cap Rate 9%
$329,000
$329.0K
Market Conditions
NOI Build-Up for 1,770 SF
Gross rent
$45.2K $25.56/SF
− Vacancy
−$2.9K −$1.66/SF
EGI
$42.3K $23.90/SF
− OpEx
−$12.7K −$7.17/SF
NOI
$29.6K $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%
$592,200
Cap Rate 7%
$423,000
Cap Rate 9%
$329,000
Alternative Uses
Best Use
Multifamily LT 5
$423.0K
$370.1K – $493.5K
NOI $29,610 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$393.0K
$343.9K – $458.5K
NOI $27,511 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$747.4K
$653.9K – $871.9K
NOI $52,315 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
558
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?
Duplex - Updated two-unit residential property with distinct floor plans and current HUD-VASH occupancy.
Where is this duplex located?
The property is located at 38902 Rambler Avenue Palmdale, CA.
What is the asking price?
The asking price for this property is $479,999.
What are key features of this property?
This property features: 1,770‑square‑foot duplex on a 0.15‑acre lot; Front residence has 3 bedrooms and 1 bathroom; Rear residence has 2 bedrooms, 1 bathroom, and a bonus room
