38503 Larkin Avenue, Palmdale, California 93550, Palmdale, 93550 - bed, bath
ACTIVE$900,000
38503 Larkin Avenue, Palmdale, California 93550
0Bed
0Bath
3,466Sqft
8,300Lot
Year Built
1989
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$260
HOA
-
Days on market
-
Sold On
-
MLS number
SR25259714
Home ConditionFair
Features
Good View:
Deck
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $900.0K(50th), sqft - 3466(50th), beds - undefined(50th), baths - undefined(50th).
This well-maintained quadruplex offers a smart investment opportunity with four spacious units: one 1-bedroom, two 2-bedroom, and one 3-bedroom. Each unit enjoys comfortable living spaces, and the property includes covered parking for residents' convenience. Located close to freeway access, this property provides easy commuting and strong rental appeal in a growing area. Don't miss your chance to add this versatile, income-generating asset to your portfolio!
Price History
Date
Event
Price
11/13/25
Listing
$900,000
02/12/10
Sold
$225,000
09/08/06
Sold
$585,000
10/27/95
Sold
$5,000
Condition Rating
Fair
Built in 1989, this quadruplex is 35 years old. While described as 'well-maintained,' the interior images reveal kitchens and bathrooms that are functional but significantly outdated, featuring white appliances, older cabinetry, and linoleum/vinyl flooring. The property's major systems are likely original or from an older renovation, consistent with its age, and will require future updates or replacements. The exterior appears maintained, but parking surfaces show wear. The property is habitable and suitable for tenants, but it has not undergone a major renovation in recent years and shows clear signs of its age, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Multiple Income Streams: As a quadruplex with four distinct units (1x1, 2x2, 1x3), the property offers diversified rental income and reduced vacancy risk compared to single-unit investments.
Diverse Unit Mix: The variety of unit sizes (1, 2, and 3 bedrooms) caters to a broader range of tenant demographics, enhancing market appeal and occupancy potential.
Strategic Location & Accessibility: Its close proximity to freeway access provides excellent commuting convenience, a key factor for attracting and retaining tenants in the Palmdale area.
Covered Parking: The inclusion of covered parking is a valuable amenity for residents, contributing to tenant satisfaction and potentially higher retention rates.
Well-Maintained Condition: Described as 'well-maintained,' the property suggests a history of good care, potentially minimizing immediate capital expenditures for a new owner.
Cons
Age of Property Systems: Built in 1989, major systems such as HVAC, plumbing, electrical, and roofing are approximately 35 years old and may require significant capital investment for replacement or upgrades in the near future.
Palmdale Market Rent Ceilings: While a growing area, the Palmdale rental market may have lower average rent ceilings compared to more central Southern California submarkets, potentially impacting overall cap rate and cash flow.
Potential for Shared Utilities: The description does not specify if utilities are separately metered for each unit, which could lead to higher operating costs for the landlord if shared.