34220 Cheseboro Road, Palmdale, California 93552, Palmdale, 93552 - bed, bath

34220 Cheseboro Road, Palmdale, California 93552 home-pic-0
ACTIVE$1,350,000
34220 Cheseboro Road, Palmdale, California 93552
0Bed
0Bath
Sqft
833,322Lot
Year Built
1959
Close
-
List price
$1.35M
Original List price
$1.48M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
CV25123005
Home ConditionPoor
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros.

New Price with a Current 10.8% Cash on Cash Return. Please call or text to request an Offering Memorandum. Blue Skies Park, an all-age manufactured housing community is located at 34220 Cheseboro Road Palmdale, CA. The property consists of 20 mobile home sites and one non-conforming one bedroom/one bathroom apartment of approximately 670 square-feet. The property is 100% occupied. The property is serviced by private well water and septic tank. The electricity & propane are sub-metered and the water, trash, and septic has a $97 per month reimbursement per space site. Blue Skies Park is situated on 19.12 acres. Tenants enjoy a peaceful, desert setting with beautiful mountain views, making it an ideal long-term living environment. The property is located in unincorporated Los Angeles county. Located in the high desert of Northern Los Angeles County, Palmdale offers a unique blend of affordability, open space, and growing infrastructure. The area has become increasingly popular with families and retirees seeking quiet, scenic living without sacrificing access to city amenities. Residents benefit from nearby attractions like Devil’s Punchbowl, Ana Verde Hills, and DryTown Water Park, along with local conveniences such as the Antelope Valley Mall, major retail centers, and a wide range of dining and entertainment options. Palmdale's strategic location along Highway 14 and Highway 138, coupled with Metrolink access, makes it commuter-friendly for those working in Los Angeles or surrounding areas. As the city continues to grow and invest in infrastructure, the demand for affordable, stable housing options like mobile home living remains strong. With its combination of dependable income, low overhead, and a tranquil yet accessible setting, this mobile home park offers both immediate yield and long-term upside in one of Southern California’s most promising and growing desert markets.

Price History

Date
Event
Price
10/05/25
Price Change
$1,350,000-3.4%
09/21/25
Price Change
$1,398,000
06/02/25
Listing
$1,475,000
Condition Rating
Poor

The property, established in 1959, is a mobile home park with one 670 sq ft apartment. The listing provides no interior images of the apartment or mobile homes, making a direct assessment of kitchens, bathrooms, and other interior features impossible. However, given the 1959 build year and the absence of any mentioned major renovations, it is highly probable that the apartment's major systems (electrical, plumbing, HVAC) and interior finishes (kitchen, bathroom, flooring) are original or significantly outdated. While the property is 100% occupied, suggesting habitability, the age indicates that substantial repairs and rehabilitation would be required to meet modern standards and ensure long-term reliability, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Strong Financial Performance: The property boasts a current 10.8% Cash on Cash Return and is 100% occupied, indicating immediate profitability and stable income generation.
Substantial Land Holding: Situated on 19.12 acres, the property offers significant land value, potential for future expansion, or long-term appreciation in a growing market.
Favorable Market Dynamics: Located in Palmdale, an area characterized by affordability, growing infrastructure, and strong demand for stable, affordable housing, ensuring sustained tenant interest.
Reduced Operational Costs: Utilities are sub-metered (electricity & propane), and tenants reimburse for water, trash, and septic ($97/month/space), significantly minimizing owner's operating expenses.
Desirable Living Environment: Tenants benefit from a peaceful desert setting with beautiful mountain views, enhancing resident satisfaction and retention, and proximity to local amenities and commuter routes.

Cons

Aging Infrastructure: With a year built of 1959, the community's underlying infrastructure (roads, common areas, utility lines) may require significant capital expenditures for maintenance or upgrades in the near future.
Reliance on Private Utilities: The property's dependence on private well water and a septic tank system places full responsibility for their maintenance, repair, and potential replacement on the owner, which can be costly and unpredictable.
Non-Conforming Apartment Unit: The presence of a 'non-conforming' one-bedroom apartment could present regulatory challenges, limit its future value, or complicate potential redevelopment efforts.

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