Palmdale, CA 93550 38564 5th Street E
$860,000
8 more
Presented By: Arturo Sequeira with Skycastle Properties; 661-312-9877
Beds • 4
Baths • 5
SQFT • 3,912
Garage • 4
Year Built • 1983
Home Details
Discover this exceptional 5-unit corner lot apartment complex, a true pride of ownership. The property boasts a fully gated premises, energy-efficient windows, and drought-tolerant landscaping. Each 1-bedroom unit has been thoughtfully renovated and includes detached garages. Located in a residential area, this complex offers easy access to grocery stores, retail shopping centers, Palmdale Transit Village, and Palmdale Regional Medical Center. Each unit features open and spacious floorplans with ample storage, updated appliances, and modern fixtures. Don’t miss this opportunity to own a well-maintained, income-producing property in a highly desirable location!
Presented By: Arturo Sequeira with Skycastle Properties; 661-312-9877
Interior Features for 38564 5th Street E
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, Tile
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2
Window FeaturesDoublePaneWindows
Other Rooms
Entry Level1
General for 38564 5th Street E
Additional Parcels Y/NNo
AppliancesDishwasher, FreeStandingRange, GasOven, GasRange, Microwave
Architectural StyleContemporary
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.06
Carport Y/NNo
CityPalmdale
Community FeaturesCurbs, Gutters, StormDrains, StreetLights, Suburban, Sidewalks, Gated
Construction MaterialsStucco, CopperPlumbing
CoolingCentralAir, WallWindowUnits
CountyLos Angeles
Current FinancingConventional
Directions14N, East on Palmdale Blvd, North 5th ST East
DisclosuresFloodPlainDisclosure
ElectricStandard
Electric Expense396.0
Electric On Property Y/NNo
Entry Location1
Garage Spaces4.0
Garage Y/NYes
Gross Income75696.0
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Insurance Expense5000.0
Interior FeaturesGraniteCounters, OpenFloorplan, BedroomOnMainLevel
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsExchange1031
Lot Size Square Feet7462.0
Lot Size UnitsSquareFeet
MLS AreaPLM - Palmdale
MaintenanceExpense5284.0
MobileHomeRemainsYNNo
Net Operating Income52119.0
New ConstructionNo
Number Of Units Total5
Number of Units Leased3
Open Parking Spaces2.0
Operating Expense26576.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionUpdatedRemodeled, Turnkey
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition, Shingle
Security FeaturesCarbonMonoxideDetectors, GatedCommunity, SmokeDetectors, SecurityLights
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot241
Taxes$11,562
Tenant PaysCableTv, Electricity, Gas
Total Actual Rent65056.0
Trash Expense2600.0
ViewMountains
Water Sewer Expense935.0
Waterfront Y/NNo
Year Built1983
Year Built SourcePublicRecords
ZoningPDR3*
Exterior for 38564 5th Street E
Building Area Total3912.0
Crops Included Y/NNo
Door FeaturesPanelDoors
FencingExcellentCondition, Privacy, Security, StuccoWall, WroughtIron
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.1713
Lot Size Area7462.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, DoorMulti, Garage
Private PoolNo
Road Frontage TypeCityStreet
Road ResponsibilityPrivateMaintainedRoad
Road Surface TypePaved
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
