Residential Income Property with
38906 10th Street Palmdale, CA 93550
38906 10th Street, Palmdale, CA, 93550
$425,000
Pending
For Sale
$425,000
Pending
MULTI_FAMILY - Palmdale, CA
Property Size1,962 SF
Lot Size2.52 Acres
Days on Market49
Property Features for 38906 10th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- PDM1
- Bedrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2
- Standard status
- Pending
- APN
- 3022-016-023
- Size
- 1,962 SF
- Lot size
- 2.52 Acres
Utilities
- Cooling system
- Evaporative Cooling
Building Details
- Year built
- 1953
- Number of units
- 1
- Building materials
- Stucco, Wood Siding, Shingle Siding
Listing Agency
Keller Williams Realty A.V.
(661) 538-2800
1401 W Rancho Vista Blvd Suite B, Palmdale, CA
Listed by
Darlene Sandoval · License #02140848
(661) 618-9515
Added: Jun 2 Checked: Jul 20 at 10:06 am
MLS# 26004328
Listing URL
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 for-sale residential income property presents a straightforward investment or housing option, positioned on a 2.52-acre lot. The offering includes 1,962 square feet of property size and is identified under PDM1 zoning. The listing is entered into MLS for reporting purposes, and the seller is currently working with an existing purchaser.
Located at 38906 10th Street in Palmdale, California, this property is situated within Los Angeles County. The public remarks indicate the seller is already engaged with a purchaser, and they ask that occupants not be solicited. For any questions about the property or the sales process, prospective buyers should contact the listing agent directly.
Given the residential income classification and the combination of indoor square footage with a larger lot size, this asset may appeal to buyers looking for an investment that can accommodate a variety of operational plans within the constraints of PDM1 zoning. The current sales status should be considered when making inquiries, and buyers are encouraged to discuss fit and next steps with the listing agent.
Located at 38906 10th Street in Palmdale, California, this property is situated within Los Angeles County. The public remarks indicate the seller is already engaged with a purchaser, and they ask that occupants not be solicited. For any questions about the property or the sales process, prospective buyers should contact the listing agent directly.
Given the residential income classification and the combination of indoor square footage with a larger lot size, this asset may appeal to buyers looking for an investment that can accommodate a variety of operational plans within the constraints of PDM1 zoning. The current sales status should be considered when making inquiries, and buyers are encouraged to discuss fit and next steps with the listing agent.
Key Highlights
- Year built: 1953
- Evaporative cooling
- Construction materials include stucco, wood siding, and shingle siding
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
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
NOI $57,990 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - For sale residential income opportunity offering 1,962 sq. ft. on 2.52 acres in PDM1 zoning.
Where is this single family property located?
The property is located at 38906 10th Street 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: Year built: 1953; Evaporative cooling; Construction materials include stucco, wood siding, and shingle siding
