406 & 408 E Avenue Q7 Palmdale, CA 93550
MULTI_FAMILY - Palmdale, CA
- Added:
- Jul 13, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 14 at 5:06 am
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 3, Bedroom 2
- Standard status
- Active
- 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 agent Martin J Hernandez License #02072549 (949) 572-7743
Listing office Ethos International Real Estate 190 Sierra Court Unit A316, Laguna Beach, CA (949) 572-7743
Listing date Jul 13, 2026
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.
The duplex is offered for sale at 406 & 408 E Avenue Q7 in Palmdale, within Los Angeles County. The listing indicates the neighboring duplex at 410–412 E Ave Q-7 is also available for purchase, offering the opportunity to acquire two side-by-side investment properties.
The property is listed for drive-by only, with interior inspections available after an accepted offer. The lot size is reported as 0.14 acres and the building size as approximately 1,360 square feet.
Key Highlights
- Fully occupied duplex income property generating $2,850/month ($34,200 annually) in gross rental income
- Offered at $440,000 with a stated 12.87 GRM and approximate 5.9% cap rate
- Two side‑by‑side 2‑bedroom, 1‑bath units (both tenant occupied)
Local Financial Insights For Multifamily LT 5
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 | $34.8k | $25.56 |
| − Vacancy | −$2.3k | −$1.66 |
| EGI | $32.5k | $23.90 |
| − OpEx | −$9.8k | −$7.17 |
| NOI | $22.8k | $16.73 |
