

Listed by First Team Real Estate
$719,999
38721 5th East
Details
APN 3008009023
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 7.60%
Buildings 1
Acreage 0.183
Zoning Public Rec
Multifamily | 7.60% CAP | 4 Units
Marketing description
This gated fourplex in East Palmdale offers a prime opportunity for investors seeking consistent rental income. Situated on a generous lot, the building consists of four units each with two bedrooms and one bathroom. Both upper units are renovated with modern quartz countertops, shaker cabinetry, vinyl flooring in family rooms and kitchens, and newer HVAC. Remodeling the other units presents a unique chance for added value. Lower units offer private patios. Each unit includes access to an enclosed detached garage: one 1-car and three 2-car garages. Water, Gas and electricity are separately metered. An inactive laundry room provides potential for future utility income. Whether looking to generate income, live in one and rent the others, or create multi-generational space, this property offers total flexibility. Centrally located near schools, shopping, and major commuter routes, this is perfect for investors or owner-users. Do not disturb tenants; showings available only after an accepted offer.
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Listed by First Team Real Estate
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