RealKey
‪(213) 433-7766‬

38126 11th Street E, Palmdale, California 93550, Palmdale, 93550 - 4 bed, 2 bath

38126 11th Street E, Palmdale, California 93550 home-pic-0
ACTIVE UNDER CONTRACT$549,000
38126 11th Street E, Palmdale, California 93550
4Beds
2Baths
1,661Sqft
6,953Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Financial Incentives: The property qualifies for 0% down payment, includes a $6,500 grant, and the seller is offering a 2/1 interest rate buydown, significantly reducing initial financial burden and making it highly accessible for buyers.
Top Cons:
Buyer Responsibility for Third Unit Permitting: Although plans are available and permits requested for the bonus third unit, the new buyer will be responsible for finalizing the permitting process, which may entail additional time, effort, and potential unforeseen costs.

Compared to the nearby listings

Price:$549.0K vs avg $837.5K ($-288,500)33%
Size:1,661 sqft vs avg 3,601 sqft33%
Price/sqft:$331 vs avg $24283%

More Insights

Built in 1952 (73 years old).
Condition: Built in 1952, this property shows a mix of updates. One unit features a more recently updated kitchen with modern blue shaker cabinets, white countertops, and stainless steel appliances, along with wood-look tile flooring. The bathroom in this unit has a modern vanity but older wall tiling. The second unit, however, presents an older kitchen with light wood cabinets and ceramic tile flooring, suggesting an update 15-25 years ago. Heating and cooling are handled by older wall-mounted units, not central systems. While the property appears well-maintained and livable, the age of the structure, the mixed condition of the units, and outdated major systems indicate it requires minor updates to meet current standards, aligning with a 'Fair' condition.
Year Built
1952
Close
-
List price
$549K
Original List price
$599K
Price/Sqft
$331
HOA
-
Days on market
-
Sold On
-
MLS number
IN25161938
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

This Multi unit qualifies for 0% down plus a $6,500 grant**** Back on market at no fault of the seller*** Seller willing to contribute to a 2/1 rate buydown to make your interest rate lower! Welcome to 38126 11th St E in Palmdale — a rare investment opportunity with exceptional potential. Live in one and rent the other: This spacious property offers a total of 1,661 square feet and is currently configured as a duplex featuring 4 bedrooms and 2 bathrooms, providing comfortable living arrangements for multiple occupants or rental income. But that’s not all — this property also includes a bonus third unit, presenting a unique chance for added value. Plans for the third unit are available, and permits have already been requested. The new buyer will have the opportunity to finalize the permitting process and bring their own vision to life. Whether you're looking to generate strong rental income, live in one unit and rent out the others, or create a multi-generational living space, this property offers the flexibility to suit your goals. Conveniently located in a central Palmdale neighborhood close to schools, shopping, dining, and major commuter routes, this is a perfect option for investors, developers, or owner-users seeking value and growth. Don’t miss out on this exciting opportunity to own a property with built-in expansion potential in one of the Antelope Valley’s most active rental markets.

Condition Rating
Fair
Built in 1952, this property shows a mix of updates. One unit features a more recently updated kitchen with modern blue shaker cabinets, white countertops, and stainless steel appliances, along with wood-look tile flooring. The bathroom in this unit has a modern vanity but older wall tiling. The second unit, however, presents an older kitchen with light wood cabinets and ceramic tile flooring, suggesting an update 15-25 years ago. Heating and cooling are handled by older wall-mounted units, not central systems. While the property appears well-maintained and livable, the age of the structure, the mixed condition of the units, and outdated major systems indicate it requires minor updates to meet current standards, aligning with a 'Fair' condition.
Pros & Cons

Pros

Exceptional Financial Incentives: The property qualifies for 0% down payment, includes a $6,500 grant, and the seller is offering a 2/1 interest rate buydown, significantly reducing initial financial burden and making it highly accessible for buyers.
Strong Income-Generating Potential: Currently configured as a duplex with 4 bedrooms and 2 bathrooms, it offers immediate income potential, allowing for an owner-occupant to live in one unit and rent the other, or for full rental income.
Significant Expansion Opportunity: A bonus third unit is included with available plans and requested permits, presenting a unique chance for substantial added value, increased rental income, or multi-generational living once the permitting is finalized.
Central & Convenient Location: Located in a central Palmdale neighborhood, the property offers convenient access to schools, shopping, dining, and major commuter routes, enhancing its appeal to both tenants and owner-occupants.
Active Rental Market Investment: Positioned in one of the Antelope Valley’s most active rental markets, this property is an attractive option for investors, developers, or owner-users seeking value and growth with built-in expansion potential.

Cons

Buyer Responsibility for Third Unit Permitting: Although plans are available and permits requested for the bonus third unit, the new buyer will be responsible for finalizing the permitting process, which may entail additional time, effort, and potential unforeseen costs.
Age of Property: Built in 1952, the property is over 70 years old, which could imply the presence of older systems, potential deferred maintenance, or the need for significant updates to meet modern standards and tenant expectations.
Recent Price Reductions: The property has undergone multiple price reductions from its original listing price, which might suggest a slower market response, initial overpricing, or could raise questions about its perceived market value.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state