38717 E 6th St, Palmdale, CA 93550

About this property

This 6-unit property in East Palmdale offers a rare investment opportunity, whether as a high-performing income asset or a redevelopment play. The existing unit mix includes (5) studios and (1) one-bedroom/one-bathroom unit, all of which will be fully occupied with strong rental income. Situated within an Opportunity Zone on a 20,000 SF lot, the property also includes an adjacent 10,000 SF parcel, totaling 30,000 SF of land. The site benefits from Palmdale Transit Area Specific Plan and Urban Core zoning, allowing for high-density development of 50-60 dwelling units per acre—making it ideal for multifamily or mixed-use projects. Its strategic location near the Palmdale Transportation Center ensures strong tenant demand, while Palmdale’s affordable entry point compared to other LA markets enhances its appeal as a high-growth investment opportunity.

Listing description from the July 2025 sale, as reported to CRMLS.

Sale history

$925,000

Sold July 2025 · listed $975,000, on market April 2025 · MLS #250023272SD · Source: CRMLS

Listing Agent: Jason Lee · Listing Office: Nara Advisors, Inc. · Contact: 858-336-9688 · Bought with: Greg Roberts · Coldwell Banker Realty

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