Listing provided courtesy of Jason Lee of JLM Real Estate Inc. Last updated 2025-04-04 09:14:46.000000. Listing information © 2024 Sandicor.
Asking Price: $975,000 | Active
38717 E 6th street, Palmdale CA 93550
Community: Antelope Valley
This Res Income 2-4 Units property was built in 1951 and is priced at $975,000. Please see the additional details below.
This 6-unit property in East Palmdale offers a rare investment opportunity, whether as a high-performing income asset or a redevelopment play. The existing unit mix includes (5) studios and (1) one-bedroom/one-bathroom unit, all of which will be fully occupied with strong rental income. Situated within an Opportunity Zone on a 20,000 SF lot, the property also includes an adjacent 10,000 SF parcel, totaling 30,000 SF of land. The site benefits from Palmdale Transit Area Specific Plan and Urban Core zoning, allowing for high-density development of 50-60 dwelling units per acre—making it ideal for multifamily or mixed-use projects. Its strategic location near the Palmdale Transportation Center ensures strong tenant demand, while Palmdale’s affordable entry point compared to other LA markets enhances its appeal as a high-growth investment opportunity.