38533 11th Street East

Palmdale, CA 93550

$399,900
Price
2
Beds
864 Sq. Ft.
$463 / Sq. Ft.
864
Sq. Ft.
$463
per Sq. Ft.
a view of a cars parked in front of a house

Description

Excellent investment/development opportunity at a very attractive price. Currently one of the lowest-priced single-family homes in Palmdale. This property sits on a half-acre, street-to-street lot with Palmdale's highest density RN4 zoning, which allows for 30-50 units per acre. Thus, this property could allow for 15-25 units on its half-acre lot. Currently, there is a single-family home on the lot. It is being rented for $1,550 per month to a longtime tenant. These tenants would like to stay long...Excellent investment/development opportunity at a very attractive price. Currently one of the lowest-priced single-family homes in Palmdale. This property sits on a half-acre, street-to-street lot with Palmdale's highest density RN4 zoning, which allows for 30-50 units per acre. Thus, this property could allow for 15-25 units on its half-acre lot. Currently, there is a single-family home on the lot. It is being rented for $1,550 per month to a longtime tenant. These tenants would like to stay long term, if possible. This property presents investors with a variety of potential strategies. The property currently produces good cash flow. This cash flow can be increased by raising the rent on the current tenants. Owing to California's new legislation regarding ADU's on multi-family zoned properties, multiple ADU's could be built on the excess land while retaining the original house. With its street-to-street lot, access to the rear ADU's would be easy on this property. Finally, the existing house could be demolished and a new 15-25 unit apartment building could be built. Additional density may be had through affordable housing exemptions, LIHTC financing and tax credits may be available, and this property is also in an opportunity zone for additional potential benefits. While waiting for a new project to be approved, rent can continue to be collected from the tenants to avoid having ''dead money'' tied up in a vacant land parcel. There are numerous potential strategies here for a wide variety of investors. All utilities, including sewer, are connected. Sitting on prime multi-family land in the heart of Palmdale, this property's development potential is immense. Don't miss out!
  1. Listed by Mark Mestepey • DRE #01991537 • Castlestone Properties, Inc.

Property Details for 38533 11th Street East

Style
Traditional
Area
Palmdale (PLM)
Zoning
PDR3*
Garage Spaces
0
Cross Street
11th St E/Palmdale Blvd
LISTING UPDATED: 02/02/2025 10:43 PM

Property Details for 38533 11th Street East

StatusActive
MLS #25000735
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1948
Lot Size0.51 AC / 22,215 SF
CountyLos Angeles County

Building Information for 38533 11th Street East

Stories-Year Built1948Building Size-Lot Size0.51 AC / 22,215 SF

Property Information for 38533 11th Street East

Summary
Location and General Information
  • Directions to Property: Palmdale Blvd to 11th St E.
  • Absolute Longitude: 118
  • Streets: Paved
  • Housing Type: SFD (Single Family Dwelling)
Taxes and HOA Information
  • HOA: No
  • Mello Roos/CFD: No
Property
Lot Information
  • SqFt Source: Assessor
  • Horse Property: No
Property and Assessments
  • Solar: None
  • APN: 3015-002-025
  • RV Access: Yes
Utilities
  • Utilities: Natural Gas
  • Water: Public
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Construction: Frame
  • Foundation: Concrete Slab
  • Pool: N/K
  • Roof: Composition
Interior Features
  • Appliances: Gas Oven
  • Cooling Type: Swamp Cooler(s)
  • Climate Control Cool: Evap Hallway
  • Fireplace: N/K
  • Audio/Video Surveillance: No
Rental
Rental Information
  • Terms: Cash

Property History for 38533 11th Street East

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 38533 11th Street East

Taxable ValueLand$25,303Additions$57,701Total$83,004
Tax Record2024$1,412 ($118 / month)
Home Facts
Beds2Total Finished SqFt864 SqFtAbove Grade Finished SqFt864 SqFtStories1Lot Size22,134 SqFtStyleSingle Family ResidenceYear Built1948ZoningPDR3*CountyLOS ANGELESAPN3015-002-025

Schools near 38533 11th Street East

This home is within Antelope Valley Union High School District.
Rating
School
Type
Grades
Distance
Tamarisk Elementary School
Public - K to 5
David G. Millen Intermediate
Public - 6 to 8
Palmdale High School
Public - 9 to 12
R. Rex Parris High School
Public - 9 to 12
Rating
School
Distance
Tamarisk Elementary School
PublicK to 5

David G. Millen Intermediate
Public6 to 8

Palmdale High School
Public9 to 12

R. Rex Parris High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 38533 11th Street East, Palmdale, CA 93550

38533 11th Street East is a single family home for sale in Palmdale, CA 93550. This property was listed for sale on January 30, 2025 by Castlestone Properties, Inc., it's currently listed at $399,900. It has been on the market for a total of 37 days and was last sold on March 9, 2004. This listing's school districts are Antelope Valley Union High School District, Palmdale Elementary School District. Nearby schools include Tamarisk Elementary School, David G. Millen Intermediate and Palmdale High School. 38533 11th Street East is a 2-bed, 1-bath, 864 sqft single family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Castlestone Properties, Inc., Mark Mestepey, DRE #01991537

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.