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    Residential Income Multifamily Property Title is generated by Realmo AI

    38906 10th Street East, Palmdale, CA 93550

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    For Sale
    $425,000

    For sale multifamily income property in Palmdale, offered with restrictions on contacting occupants.

    Type:Multi-Family
    Property size:
    1,962 SF
    Price / SF:
    $216/SF
    Added:
    Jun 2, 2026
    Days on Market:
    22
    Last Refresh:
    Jun 6 at 2:28 am

    Property Features for 38906 10th Street East

    General Information

    Standard status
    Active
    Size
    1,962 SF
    Property subtype
    Multi-Family

    Building Details

    Year Built
    1953

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    Listing Contact
    Darlene Sandoval

    Listing agent Darlene Sandoval License #02140848

    Listing office Keller Williams Realty A.V.

    Listing date Jun 2, 2026

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty A.V.

    HighLights

    • Multifamily income property in Palmdale
    • Built in 1953
    • Evaporative cooling and wall furnace for heating
    • Shingle roof with stucco and wood exterior construction

    Overview

    This for-sale multifamily residential income property is listed for reporting purposes, with the seller currently working with an existing purchaser. The offering includes a residential multifamily structure as part of a broader “other multifamily” property category, and the listing is being presented as a transfer opportunity rather than an active tenant solicitation.

    The property is located at 38906 10th Street East in Palmdale, California (zip 93550). The seller has indicated that there is no solicitation of occupants, and questions should be directed to the listing agent. As with listings that involve in-place residents, prospective buyers are expected to coordinate through the agent.

    Because the listing information provided does not include unit mix, floorplans, or specific property-condition details, buyers should plan to confirm the tenancy and physical configuration directly through the listing agent during the due diligence process. This is a straightforward acquisition opportunity for parties looking for a residential income multifamily asset, with the understanding that occupant contact is restricted and the transaction is currently tied to an existing purchaser process.

    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.
    Location Intelligence

    Current Use by Public Records

    Multifamily 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
    -118.1107975
    Latitude
    34.5893597

    FAQs

    What type of property is this?
    Multifamily property - For sale multifamily income property in Palmdale, offered with restrictions on contacting occupants.
    Where is this multifamily property located?
    The property is located at 38906 10th Street East 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: Multifamily income property in Palmdale; Built in 1953; Evaporative cooling and wall furnace for heating
    More about this property
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