38633 Lemsford Avenue, Palmdale, California 93550, Palmdale, 93550 - 4 bed, 2 bath
ACTIVE$300,000
38633 Lemsford Avenue, Palmdale, California 93550
4Beds
2Baths
1,278Sqft
7,243Lot
Price Vs. Estimate
The estimated value ($186,440.385) is $113,559.615 (37%) lower than the list price ($300,000). This property may be overpriced.
Key pros and cons
Top Pros:
Investment Opportunity: The property is explicitly marketed as a 'unique investment opportunity' with clear appeal to renovators and investors.
Top Cons:
Extensive Renovation Required: The property is 'in need of a complete rehab and repair,' indicating substantial time, financial investment, and effort will be required from the buyer.
Compared to the nearby listings
Price:$300.0K vs avg $465.0K ($-165,000)2%
Size:1,278 sqft vs avg 1,510.5 sqft29%
Price/sqft:$235 vs avg $30512%
More Insights
Built in 1956 (69 years old).
Condition: The property, built in 1956, is in an unlivable state, explicitly described as needing 'complete rehab and repair' and sold 'As Is' for 'cash offers only.' Images reveal severe structural issues, including a heavily deteriorated roof and a damaged kitchen ceiling. The kitchen is dilapidated with old, dirty fixtures and appliances, and the overall interior and exterior show extreme neglect, clutter, and unsanitary conditions. Given its age and the extensive, costly repairs needed, the property's value is primarily based on the land, aligning with the 'tear-down' criteria.
Year Built
1956
Close
-
List price
$300K
Original List price
$300K
Price/Sqft
$235
HOA
-
Days on market
-
Sold On
-
MLS number
25542563
Home ConditionTear down
Features
Patio
View-
About this home
**Attention Investors!** We're excited to present a unique investment opportunity that promises significant potential returns! This property is in need of a complete rehab and repair, making it the perfect project for those willing to invest their time and effort. Whether you're an experienced renovator or a motivated newcomer, this is your chance to transform a diamond in the rough into a lucrative asset. Please note that the property is sold in "As Is" condition, so buyers should be prepared for a complete renovation and capable of making cash offers only. We invite you to drive by and assess the property for yourself. Any questions contact agent.
Condition Rating
Tear down
The property, built in 1956, is in an unlivable state, explicitly described as needing 'complete rehab and repair' and sold 'As Is' for 'cash offers only.' Images reveal severe structural issues, including a heavily deteriorated roof and a damaged kitchen ceiling. The kitchen is dilapidated with old, dirty fixtures and appliances, and the overall interior and exterior show extreme neglect, clutter, and unsanitary conditions. Given its age and the extensive, costly repairs needed, the property's value is primarily based on the land, aligning with the 'tear-down' criteria.
Pros & Cons
Pros
Investment Opportunity: The property is explicitly marketed as a 'unique investment opportunity' with clear appeal to renovators and investors.
Potential for High Returns: The listing highlights 'significant potential returns' for buyers willing to invest time and effort into renovation.
Full Customization Potential: Being 'in need of a complete rehab and repair' offers a blank canvas for a buyer to fully modernize and customize the property to their exact specifications.
Functional Layout: The 4-bedroom, 2-bathroom configuration provides a desirable and practical layout for a family home post-renovation.
Generous Lot Size: The 7,243 sqft lot offers ample outdoor space for landscaping, potential expansion, or recreational use.
Cons
Extensive Renovation Required: The property is 'in need of a complete rehab and repair,' indicating substantial time, financial investment, and effort will be required from the buyer.
As-Is Condition & Cash Only: Sold 'As Is' and requiring 'cash offers only,' significantly limits the buyer pool and places all responsibility for repairs and potential hidden issues on the purchaser.
Valuation Discrepancy: The property's estimated value is 14% lower than the list price, suggesting it may be currently overpriced given its 'as-is' condition and required renovations.