Occupied Two-Unit
For Sale
$437,000
410-412 East Ave Q7, Palmdale, CA 93550
Two-bedroom, one-bath residences support an established rental setup with tenants covering most utilities.
Property Size1,360 SF
Price / SF$321.32
Days on Market57
Property Features for 410-412 East Ave Q7
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Residential Income
Zoning
PDR3
Occupancy
100%
Financials
Asking Price
$437,000
Cap Rate
4.8%
Gross Income
$30,912
Gross Rent Multiplier
14.14
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
Evaporative Cooling
Central Heat/Elec
N/K
Shingle
Stucco
Building Details
Year Built
1957
Stories
1
Listing Agency:
Ethos International Real Estate
(949) 572-7743
Listed By:
Martin J Hernandez · License #02072549
(949) 572-7743
Source:
Compass
Added: Jul 6
Changed: Aug 30
Last Checked: Aug 30 at 12:52AM
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 Ethos International Real Estate
Investment Insights
Based on property information with market context.
This 1,360 SF duplex was built in 1957 and contains two separate residences, each with two bedrooms and one bathroom. Both units are occupied, with residents responsible for utility costs other than water and trash. Interior features include evaporative cooling and central electric heat, while the exterior combines stucco and shingle elements.
The property is situated near shopping, schools, and major commuter routes in Palmdale. Zoning is PDR3. A neighboring duplex at 406-408 E Ave Q-7 is also available, creating the option to evaluate both properties together. Showings are limited to drive-by review initially, with interior access available after an accepted offer.
The property is situated near shopping, schools, and major commuter routes in Palmdale. Zoning is PDR3. A neighboring duplex at 406-408 E Ave Q-7 is also available, creating the option to evaluate both properties together. Showings are limited to drive-by review initially, with interior access available after an accepted offer.
Key Highlights
- Fully occupied duplex with two 2‑bedroom, 1‑bath units
- 1,360 SF property built in 1957
- Tenants cover utilities other than water and trash
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,751
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.21%
Second Best
Apartment 5plus
$302.0K
$264.2K – $352.3K
NOI $21,138 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$574.2K
$502.5K – $670.0K
NOI $40,197 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
318
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, one-bath residences support an established rental setup with tenants covering most utilities.
Where is this duplex located?
The property is located at 410-412 East Ave Q7 Palmdale, CA.
What is the asking price?
The asking price for this property is $437,000.
What are key features of this property?
This property features: Fully occupied duplex with two 2‑bedroom, 1‑bath units; 1,360 SF property built in 1957; Tenants cover utilities other than water and trash
