Fully Occupied Duplex
For Sale
$440,000
Pending
406 & 408 E Avenue Q7, Palmdale, CA 93550
Residential Income, Palmdale, CA
Property Size1,360 SF
Lot Size0.14 Acres
Days on Market93
Property Features for 406 & 408 E Avenue Q7
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
PDR3
Bedrooms
4
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3
Directions
From Palmdale Blvd., head south on 4th St. E, turn left on E Ave Q-7, and the property will be on the left.
Subdivision
09 - Palm Div to 80th E
Standard status
Pending
APN
3008-025-019
Size
1,360 SF
Lot size
0.14 Acres
Utilities
Cooling system
Evaporative Cooling
Building Details
Year built
1957
Number of units
2
Building materials
Stucco, Shingle Siding
Listing Agency:
Luxury Collective
(424) 395-4841
Listed By:
Martin J Hernandez · License #02072549
(661) 874-3245
Added: Jul 13
Changed: Oct 8
Last Checked: Oct 13 at 7:06PM
MLS# 26005437
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 two tenant-occupied units, each configured with two bedrooms and one bathroom. The property offers 1,360 square feet on a 0.14-acre lot and was built in 1957. Stucco and shingle siding complement the exterior, while evaporative cooling serves the building. Tenants pay all utilities other than water and trash.
The property is zoned PDR3 and is located at 406 & 408 E Avenue Q7 in Palmdale. Shopping, schools, and commuter routes are identified in the surrounding area. The neighboring duplex at 410-412 E Ave Q-7 is also available for purchase. Showings are limited to drive-by viewing, with interior inspections available after an accepted offer.
The property is zoned PDR3 and is located at 406 & 408 E Avenue Q7 in Palmdale. Shopping, schools, and commuter routes are identified in the surrounding area. The neighboring duplex at 410-412 E Ave Q-7 is also available for purchase. Showings are limited to drive-by viewing, with interior inspections available after an accepted offer.
Key Highlights
- Two tenant‑occupied 2‑bedroom, 1‑bath units
- 1,360 square feet on a 0.14‑acre lot
- Approximately 5.9% cap rate and 12.87 GRM
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,751
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,020
$455.0K
Cap Rate 7%
$325,014
$325.0K
Cap Rate 9%
$252,789
$252.8K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$34.8K $25.56/SF
− Vacancy
−$2.3K −$1.66/SF
EGI
$32.5K $23.90/SF
− OpEx
−$9.8K −$7.17/SF
NOI
$22.8K $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%
$455,020
Cap Rate 7%
$325,014
Cap Rate 9%
$252,789
Alternative Uses
Best Use
Multifamily LT 5
$325.0K
$284.4K – $379.2K
NOI $22,751 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$302.0K
$264.2K – $352.3K
NOI $21,138 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$574.2K
$502.5K – $670.0K
NOI $40,197 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,125
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
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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 tenant-occupied units offer an established residential income configuration in Palmdale.
Where is this duplex located?
The property is located at 406 & 408 E Avenue Q7 Palmdale, CA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two tenant‑occupied 2‑bedroom, 1‑bath units; 1,360 square feet on a 0.14‑acre lot; Approximately 5.9% cap rate and 12.87 GRM
