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524 E Avenue Q-12, Palmdale, CA 93550

Palmdale
Local realty services provided by:CENTURY 21 Experience
524 E Avenue Q-12,Palmdale, CA 93550
$4,680,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: casey picard
Office: keller williams realty626-204-3300
MLS#:P1-27871
Source:CRMLS

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Price summary

  • Price:$4,680,000

About this home

524 E Avenue Q12 presents a compelling opportunity to acquire a well-maintained 30-unit apartment community in Palmdale, CA, situated on a substantial 1.46-acre parcel. The property features a highly desirable, consistent unit mix of all 2-bedroom / 1-bathroom units that commands strong tenant demand. Residents benefit from 30 on-site parking spaces, secure gated parking, ADA-compliant units, an on-site laundry room, a dedicated leasing office, and generous outdoor space.Current ownership has invested over $1,850,000 in capital improvements since 2018, positioning the asset as a turnkey, income-producing investment. Beyond its income upon the stabilization of the asset, the property offers meaningful upside: there is an opportunity to add up to 8 ADUs utilizing SB 1211, while the open stabilization and lease-up of the vacant units allows a buyer to achieve a projected cap rate of 7.09%.The sale includes a .46 acre site that is zoned for an additional 21 units. Together, these...

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Home facts

  • Year built:1980
  • Subdivision & Development:Not Applicable
  • Listing ID #:P1-27871
  • Added:66 day(s) ago
  • Updated:September 11, 2026 at 07:00 AM

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1980

Finances and disclosures

  • Price:$4,680,000

Parking

  • Total parking spaces:30
  • Parking description:Assigned
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