144 Palmdale Blvd, Palmdale, CA 93550-4513
- Car washes
- 5,359 SF
- 0.66 lot acres
Current Use by Public Records
- Palmdale Speedwash/ UHAUL / Car Wash
- U-Haul Neighborhood Dealer / Car Rental Facility
- Palmdale Speedwash / Car Wash
Property Details for 144 Palmdale Blvd
- Year built
- 1994
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.66 lot acres
- Zone code
- CPD
- Property type
- Car washes
- APN
- 3009-005-036
- APU
- 3009005036
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 19, 2025 | $1,410,378 | Wallis Bank | 144 Palmdale LLC | Trust Deed · related | — |
| Aug 7, 2025 | — | E & E Mortgage Bankers Corporation | E & E Mortgage Bankers Corporation | Deed · related | — |
| Jun 6, 2025 | $200,000 | E & E Mortgage Bankers Corporation | 144 Palmdale LLC | Trust Deed · related | — |
| Jun 17, 2024 | — | 144 Palmdale LLC | — | Deed · related | $207k · Shahram Abdolmaleki |
| Aug 17, 2023 | — | 144 Palmdale LLC | — | Deed · related | $200k · E & E Mortgage Bankers Corporation |
| May 20, 2021 | $2,050,000 | 144 Palmdale LLC | Gaby Hanna Jabbour | Grant Deed | $1.7M · Wallis State Bank |
| Mar 17, 2020 | — | Gaby H Jabbour | — | Deed · related | $1.9M · Infinity Bank |
| Jan 27, 2017 | — | Gaby H Jabbour | Jabbour,marlene | Quit Claim Deed · related | — |
| Jan 27, 2017 | $1,400,000 | Gaby Hanna Jabbour | Ghanshyam Amin | Grant Deed | $1.3M · Commonwealth Business Bank |
| Dec 7, 2015 | — | Amin Family Trust | Amin,ghanshyam & Induben | Quit Claim Deed · related | — |
| Jul 3, 1997 | $550,000 | Ghanshyam Amin | Palmdale Land Associates | Grant Deed | $358k · Golden Security Thrift & Loan |
| — | — | Gaby H Jabbour | — | Deed Of Trust · related | $1.9M · Infinity Bank |
Description
This exceptional investment opportunity presents a single-tenant, Class B car wash center located at 144 E Palmdale Blvd, Palmdale, CA 93550. The property, situated on a substantial 2.8786-acre lot (APN 3009-005-036), boasts a 5,359 square foot building constructed in 1994 and renovated in 2021. Currently operating under a net lease, the property offers a secure investment with a 10-year lease commencing July 1, 2024, and expiring June 30, 2034, providing a remaining lease term of approximately 9.6 years. The lease includes two 5-year renewal options and a 3% rent increase every 24 months. The current base rent is $14,000 per month, with the tenant responsible for property taxes, generating a substantial net operating income (NOI) of $168,000. This translates to a compelling 7.00% cap rate and a price per square foot of $447.66. The property is zoned for commercial use and features one single-story building. This is an ideal investment for those seeking a stable, high-yield return with a long-term, established tenant in a prime location within Los Angeles County. The property's strong financial performance and long-term lease make it an attractive option for investors seeking a secure and profitable investment.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,445,000
- ML approach
- $1,600,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,647,000
- AI Estimate
- $1,078,000
Market price range: $447k - $1.65MMarket price range: $298k - $1.08M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,170,000 Current use
- MEDICAL BUILDING
- $2,435,000 Change: +108% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,655,000 Change: +41% Conversion: Moderate
- WAREHOUSE, STORAGE
- $1,575,000 Change: +35% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $1,105,000 Change: -5% Conversion: Easy
- OFFICE BUILDING
- $1,050,000 Change: -10% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Palmdale
- County
- Los Angeles
- State
- California
- Longitude
- -118.128
- Latitude
- 34.5789
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
