38225 12th St E
Palmdale, CA 93550
- 29 Beds
- 15 Baths
- 12,900 sqft (on 0.49 acres)
29 Beds
15 Baths
12,900 sqft
(on 0.49 acres)
Local Information
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Description
Incredible value-add multi-family investment opportunity in the fast growing city of Palmdale CA. This rare investment opportunity for savvy investors is a 14-unit apartment complex with in long term tenants in place. This property was built in 1983, has a wood construction, and sits on + 21,463 sqft of land with + 12,900 sqft of improvements. The property is mostly uniform and is comprised of 13 Two-Bed/One-Bath units, and 1 Three-Bed/Two-Bath unit. All units are individually metered for gas and electric, and master metered for water. Property has gated access with 20 parking spaces, 14 of which are covered. Located in a working class area, this property is centrally located and has convenient access to public transportation, shopping, and dining. The city is currently reinvesting tax dollars in this area and improving city streets, literally, with re-paving the roads and installing new street lights. The property has been well-maintained and is in excellent condition, requiring minimal maintenance and upkeep. Plus, with a solid tenant base already in place, you can start generating income from day one. Property currently has below market rents and is in a position to possibly generate even more income.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from October 23, 2024
Home Highlights
Parking
12 Parking Spaces
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 38225 12th St E
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Beds & Baths Number of Bedrooms: 29Number of Bathrooms: 15 |
Dimensions and Layout Living Area: 12900 Square Feet |
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Exterior Home Features Roof: Composition |
Parking & Garage Number of Covered Spaces: 12Parking Spaces: 12 |
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Year Built Year Built: 1983 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Concrete, Frame, Stucco |
Property Information Parcel Number: 3014028017 |
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Price List Price: $2,500,000 |
Status Change & Dates Off Market Date: Wed May 24 2023 |
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MLS Status: Closed |
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Direction & Address City: Palmdale |
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Building Area Building Area: 12900 Square Feet |
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Lot Area: 0.49 acres |
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Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional |
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Mls Number: 23001990 |
Last check for updates: about 2 hours ago
Listed by Kesean Diamond DRE #02165946
Keller Williams Realty A.V.
Bought with: Fabian L Terracciano DRE #1025656, (661) 209-1192, RE/MAX All-Pro
Source: GAVAR, MLS#23001990

Price History for 38225 12th St E
| Date | Price | Event | Source |
|---|---|---|---|
| 07/22/2024 | ListingRemoved | Zillow Rentals | |
| 07/09/2024 | $1,850 | Listed For Rent | Zillow Rentals |
| 06/03/2024 | ListingRemoved | Zillow Rentals | |
| 04/23/2024 | $1,850 | Listed For Rent | Zillow Rentals |
| 04/05/2024 | ListingRemoved | Zillow Rentals | |
| 03/20/2024 | $1,850 | Listed For Rent | Zillow Rentals |
| 12/13/2023 | ListingRemoved | Zillow Rentals | |
| 11/06/2023 | $1,799 | PriceChange | Zillow Rentals |
| 10/27/2023 | $1,900 | PriceChange | Zillow Rentals |
| 10/13/2023 | $1,750 | PriceChange | Zillow Rentals |
| 09/30/2023 | $1,695 | Listed For Rent | Zillow Rentals |
| 09/26/2023 | $2,175,000 | Sold | GAVAR #23001990 |
| 05/25/2023 | $2,500,000 | Pending | GAVAR #23001990 |
| 05/05/2023 | $2,500,000 | PriceChange | GAVAR #23001990 |
| 03/27/2023 | $2,900,000 | Listed For Sale | GAVAR #23001990 |
| 01/31/2023 | ListingRemoved | Zillow Rentals | |
| 01/03/2023 | $1,400 | Listed For Rent | Zillow Rentals |
| 08/23/2021 | ListingRemoved | Zillow Rental Manager | |
| 08/17/2021 | $1,400 | Listed For Rent | Zillow Rental Manager |
| 04/04/2021 | ListingRemoved | Zillow Rental Manager | |
| 03/26/2021 | $1,300 | Listed For Rent | Zillow Rental Manager |
| 02/24/2021 | ListingRemoved | Zillow Rental Manager | |
| 02/22/2021 | $1,250 | Listed For Rent | Zillow Rental Manager |
| 09/12/2020 | $1,200 | ListingRemoved | N/A |
| 08/26/2020 | $1,200 | Listed For Rent | N/A |
| 04/14/2020 | $1,200 | ListingRemoved | N/A |
Comparable Sales for 38225 12th St E
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.33 | Multi-Family Home | $840,000 | 08/15/25 | 8 | 4 | 3,736 | |
0.36 | Multi-Family Home | $799,000 | 02/27/26 | 8 | 5 | 3,771 | |
0.38 | Multi-Family Home | $799,000 | 02/27/26 | 8 | 4 | 3,587 | |
0.61 | Multi-Family Home | $765,000 | 02/17/26 | 7 | 4 | 3,122 | |
0.37 | Multi-Family Home | $600,000 | 05/28/25 | 5 | 3 | 2,125 | |
0.86 | Multi-Family Home | $780,000 | 06/16/25 | 4 | 5 | 3,912 | |
1.01 | Multi-Family Home | $620,000 | 04/03/26 | 8 | 8 | 2,240 | |
0.89 | Multi-Family Home | $900,000 | 08/05/25 | 8 | 5 | - | |
1.07 | Multi-Family Home | $575,000 | 07/03/25 | 5 | 3 | 2,249 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 38225 12th St E.
What Locals Say about Palmdale
At least 1243 Trulia users voted on each feature.
83 % Say car is needed
83 % Say parking is easy
82 % Say there are sidewalks
79 % Say it's dog friendly
78 % Say yards are well-kept
74 % Say there's holiday spirit
67 % Say it's quiet
67 % Say streets are well-lit
59 % Say kids play outside
56 % Say it's walkable to grocery stores
54 % Say they plan to stay for at least 5 years
54 % Say people would walk alone at night
47 % Say neighbors are friendly
46 % Say it's walkable to restaurants
32 % Say there's wildlife
19 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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Off Market Homes Near 38225 12th St E

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Homes for rent near 38225 12th St E
38225 12th St E, Palmdale, CA 93550 is a 29 bedroom, 15 bathroom, 12,900 sqft multi-family built in 1983. This property is not currently available for sale. 38225 12th St E was last sold on Sep 26, 2023 for $2,175,000 (13% lower than the asking price of $2,500,000). The current Trulia Estimate for 38225 12th St E is $2,440,900.

