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1218 E Avenue Q, Palmdale, CA 93550

Palmdale
Local realty services provided by:CENTURY 21 Doug Anderson
1218 E Avenue Q,Palmdale, CA 93550
$7,200,000
  • 48 Beds
  • 24 Baths
  • 23,230 sq. ft.
  • Multi-family
  • Active
Listed by: christie m limpus
Office: berkshire hathaway homeservices troth, realtors
MLS#:26003423
Source:GAVAR

Price summary

  • Price:$7,200,000
  • Price per sq. ft.:$309.94

About this home

Rare High-Upside Value-Add Opportunity! 24-Unit Apartment Complex with 6 VACANT Units Ready for Immediate Lease-Up. All Units have been Upgraded. Perfect for an Investor Looking to Capture Instant Equity and Rapidly Increase Cash Flow. Strong 2 Bed and 1 Bath Unit with High Rental Demand. Significant Upside Through Leasing Vacant Units at Market Rents and Repositioning Remaining Units. Existing Ownership Pays Water and Trash Clear Path to Improving NOI Through Expense Pass-Throughs. Additional Income Potential from On-Site Laundry. Property Offers Carport Parking and Private Balconies on Upstairs Units, Enhancing Tenant Appeal and Rent Premiums. Ideal for Experienced Investor Seeking a Heavy Value-Add or Stabilization Play with Major Income Growth Potential. Sold As-Is. Buyer to Verify all Information. Do Not Disturb Tenants.

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Home facts

  • Year built:1986
  • Listing ID #:26003423
  • Added:1 day(s) ago
  • Updated:April 29, 2026 at 10:21 AM

Rooms and interior

  • Bedrooms:48
  • Total bathrooms:24
  • Full bathrooms:24
  • Living area:23,230 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Heating
  • Central air:Yes

Structure and exterior

  • Roof:Tile
  • Year built:1986
  • Building area:23,230 sq. ft.
  • Lot area:1.21 Acres
  • Construction Materials:Stucco, Wood Siding

Finances and disclosures

  • Price:$7,200,000
  • Price per sq. ft.:$309.94
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