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38527 36th St East, Palmdale, California 93550, Palmdale, 93550 - 3 bed, 2 bath

38527 36th St East, Palmdale, California 93550 home-pic-0
ACTIVE$439,995
38527 36th St East, Palmdale, California 93550
3Beds
2Baths
1,000Sqft
6,000Lot
Year Built
1956
Close
-
List price
$440K
Original List price
$460K
Price/Sqft
$440
HOA
-
Days on market
-
Sold On
-
MLS number
SR25195750
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,5 Pros. Rank: price - $440.0K(35th), sqft - 1000(9th), beds - 3(50th), baths - 2(50th).

Great Family home or in place investment income property. In place Section 8 tenant paying $2700 monthly. Newer wood plank floors, paint, kitchen, roof, 2 wall heaters, Evap cooler (2025). Back patio newly enclosed with washer and dryer connections, new drywall and paint. This room is huge and perfect for extra sleeping/ living quarters. 2 gar garage has a newer roof done at the same time as house. Roof on enclosed patio was redone a few years ago. good sized, yard has block wall and newer wood double gate. Outside of the house and trim was just repainted in August. House has section 8 tenants and recent rent increase ( awaiting ok from County) will be $2700 a month built in income.

Price History

Date
Event
Price
10/15/25
Price Change
$439,995-4.3%
09/02/25
Listing
$459,995
Condition Rating
Good
Despite being built in 1956, this property has undergone significant and recent renovations. The description highlights 'newer wood plank floors, paint, kitchen, roof,' and the images confirm a modern, clean kitchen with white shaker cabinets and updated flooring. Bathrooms also appear updated with newer vanities and clean tile. The exterior has been recently repainted, and the roof is newer. An evaporative cooler is mentioned as newer (2025), and wall heaters provide heating. While the HVAC system isn't central, the extensive updates throughout the home, particularly in the kitchen and bathrooms, make it move-in ready and well-maintained, aligning with a 'Good' condition score.
Pros & Cons

Pros

Guaranteed Rental Income: The property boasts an in-place Section 8 tenant paying $2700 monthly, providing immediate and stable income for an investor.
Extensive Recent Upgrades: Significant renovations include newer wood plank floors, paint, kitchen, roof (house and garage), 2 wall heaters, and a recent exterior repaint, reducing immediate maintenance needs.
Added Versatile Living Space: A newly enclosed back patio with washer and dryer connections offers substantial extra sleeping or living quarters, enhancing the property's utility.
Investment Property Focus: Explicitly marketed as an 'in place investment income property,' it's well-positioned for buyers seeking a turn-key rental.
Enhanced Exterior & Yard: The good-sized yard features a block wall and newer wood double gate, contributing to privacy, security, and curb appeal.

Cons

Older Construction: Built in 1956, the property's age, despite recent upgrades, may imply potential for older infrastructure or less energy efficiency in areas not explicitly renovated.
Limited Cooling System: The reliance on an evaporative cooler (even if new in 2025) is less effective than central air conditioning, which could be a significant drawback in Palmdale's hot climate.
Listed Above Estimated Value & Price Reduction: The current list price is above the property's estimated market value, and a recent price drop suggests potential overpricing or market resistance.

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