49
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$440,000
Est. payment /mo
6,002 Sqft Lot
New
406 408 E Avenue Q7 Palmdale, CA 93550
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26153408
HOA Y/N No
Year Built 1957
Lot Size 6,002 Sqft
Property Sub-Type Duplex
Property Description
Rare opportunity to own a fully occupied income-producing duplex generating **$2,850/month ($34,200 annually)** in gross rental income. Offered at **$440,000**, this property features an attractive **GRM of 12.87** and an approximate **5.9% cap rate**. Each spacious 2-bedroom, 1-bath unit is tenant occupied, with tenants paying all utilities except water and trash. **The neighboring duplex at 410-412 E Ave Q-7 is also available for purchase**, creating an excellent opportunity to acquire two side-by-side investment properties. Conveniently located near shopping, schools, and commuter routes with strong rental demand. **Please do not disturb tenants. Drive-by only. Interior inspections available with an accepted offer.
Location
State CA
County Los Angeles
Area Plm - Palmdale
Interior
Fireplace No
Laundry Washer Hookup
Exterior
Parking Features Assigned
Pool None
Community Features Street Lights
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 3008025019
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Virtual Tour https://youtube.com/shorts/0wiydmkxt5w?is=-VmekuUHpSMcMK7k
Listed by Martin Hernandez Ethos International Real Estate 661-874-3245, DRE #02072549
NEARBY SCHOOL & BUSINESS
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