$4,691 Closing Credit¹
#SR24250053, Talal Alomar, Listing Office: Premier Realty Associates
#SR25021804·
Listing Office: Castlestone Properties, Inc.·
Listing Agent: Mark Mestepey·
Listing Office Phone: 818-624-0099
$4,749
closing credit¹
38533 11th St E Palmdale, CA 93550
$399,900 List price
$4,749
Closing credit¹
2 beds
1 full
864 sqft
0.5 acres
$463 / sqft
House
Property details
About 38533 11th St E
Excellent investment/development opportunity at a very attractive price. Currently one of the lowest-priced single-family homes in Palmdale. This property sits on a half-acre, street-to-street lot with Palmdale's highest density RN4 zoning, which allows for 30-50 units per acre. Thus, this property could allow for 15-25 units on its half-acre lot. Currently, there is a single-family home on the lot. It is being rented for $1,550 per month to a longtime tenant. These tenants would like to stay long term, if possible. This property presents investors with a variety of potential strategies. The property currently produces good cash flow. This cash flow can be increased by raising the rent on the current tenants. Owing to California's new legislation regarding ADU's on multi-family zoned properties, multiple ADU's could be built on the excess land while retaining the original house. With its street-to-street lot, access to the rear ADU's would be easy on this property. Finally, the existing house could be demolished and a new 15-25 unit apartment building could be built. Additional density may be had through affordable housing exemptions, LIHTC financing and tax credits may be available, and this property is also in an opportunity zone for additional potential benefits. While waiting for a new project to be approved, rent can continue to be collected from the tenants to avoid having ''dead money'' tied up in a vacant land parcel. Lastly, this property is also priced at a level where it could be rehabbed and flipped. There are numerous potential strategies here for a wide variety of investors. All utilities, including sewer, are connected. Sitting on prime multi-family land in the heart of Palmdale, this property's development potential is immense. Don't miss out!
Highlights
Home typeSingle Family Residence
StatusActive
CoolingEvaporative Cooling
Size864 sqft
Lot size0.5083 Acres
Year built1948
MLS #SR25021804
Summary
- MLS Number: SR25021804
- MLS Name: CRMLS
- Office Name: Castlestone Properties, Inc.
- Office Phone: (818) 624-0099
- Listing Agent: Mark Mestepey
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 6:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$399,900
38533 11th St E
$4,749
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 09, 2004 | Home Sold | $130,000 |
| Nov 20, 1990 | Home Sold | $50,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $83,004 | $1,411 |
| 2023 | $81,377 | $1,404 |
| 2022 | $79,782 | $1,349 |
| 2021 | $78,219 | $1,325 |
| 2020 | $77,418 | $1,278 |
| 2019 | $75,901 | $1,269 |
| 2018 | $74,414 | $1,258 |
| 2017 | $72,956 | $1,258 |
History based on county public records data.
Nearby schools
3
Tamarisk Elementary School
Public District KG-5
0.8 mi
•1843 E Avenue Q5
5
Tumbleweed Elementary School
Public District KG-5
1.0 mi
•1100 E Avenue R4
3
Yucca Elementary School
Public District KG-5
1.0 mi
•38440 2nd St E
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $26,299. Typical income of Palmdale, CA residents is less than $<35k annually. Most families are single, with kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
68%
<35k
28%
35k-100k
4%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
25%
Single, No Kids
51%
Single, with Kids
5%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
30%
<11 yrs old
12%
12-17 yrs old
31%
18-34 yrs old
25%
35-64 yrs old
2%
65+ yrs old
What do the neighbors do for fun?
UFC
Pro Wrestling- Pro Boxing
Where do the neighbors shop?
Family Dollar
Burlington
Express/Express For Men
Where do the neighbors go to eat?
Burger King
Cicis Pizza
Popeyes
What do the neighbors drive?
Buick
Pontiac
Dodge
What do the neighbors listen to?
Urban Contemporary
Jazz
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 38533 11th St E
This home is located at 38533 11th St E in Palmdale, CA and zip code 93550. This 864 square foot home, which was built in 1948, sits on a 0.51 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since January 30, 2025 and is currently priced at $399,900.
Over 32 listings were sold over their listed price in January 2025 in Palmdale, CA. In the same period over 27 listings were sold below the listed price and 13 listings were sold for the listed price. The inventory of homes for sale in Palmdale, CA between December and January 2025 increased by 5.6%. The median list price of listings available in January 2025 was $520,089, while the average time on the real estate market was 55 days.
From Rocket Homes Real Estate and based on county public records data.