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This 6-unit vacant property in East Palmdale presents a prime value-add or redevelopment opportunity. Unit Mix of (5) studios and (1) 1 bedroom/ 1 bathroom. The existing building sits in an Opportunity zone on a 20,000 SF lot, and the sale includes an adjacent 10,000 SF parcel, totaling 30,000 SF. With Palmdale Transit Area Specific Plan and Urban Core zoning, the site allows for high-density development of 50-60 dwelling units per acre, making it ideal for multifamily or mixed-use projects. The completely vacant status offers immediate flexibility—a new investor can bring rents to market right away or move forward with redevelopment. Additionally, the property’s proximity to the Palmdale Transportation Center ensures strong tenant demand, and it's affordable entry point compared to other LA markets makes it a rare and strategic investment opportunity.
Property Type(s):
Residential Income
| Last Updated | 2/4/2025 | Year Built | 1951 |
|---|---|---|---|
| County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| HEAT | Electric, Forced Air |
| HOA DUES | 0 |
| STORIES | 1 |
Location
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Listed with JLM Real Estate Inc
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