Address
1218 E Avenue Q, Palmdale, CA
Price
$ 7,200,000
Property Attributes
- MLS#26003423
- TypeMulti-Family
- Listing Status Active
- CountyLOS ANGELES
- CityPalmdale
- Area09 - Palm Div to 80th E
- Zip93550
- StyleMulti-Family
- Year Built1986
- Price$ 7,200,000
- Bedrooms48
- Full Bathrooms24
- Half Bathrooms0
- Sqr Footage23230
- Lot Size1.21 Acres
Data Source:
Greater Antelope Valley Association of REALTORS® (GAVAOR)
Property Description
Rare High-Upside Value-Add Opportunity! 24-Unit Apartment Complex with 6 VACANT Units Ready for Immediate Lease-Up. All Units have been Upgraded. Perfect for an Investor Looking to Capture Instant Equity and Rapidly Increase Cash Flow. Strong 2 Bed and 1 Bath Unit with High Rental Demand. Significant Upside Through Leasing Vacant Units at Market Rents and Repositioning Remaining Units. Existing Ownership Pays Water and Trash Clear Path to Improving NOI Through Expense Pass-Throughs. Additional Income Potential from On-Site Laundry. Property Offers Carport Parking and Private Balconies on Upstairs Units, Enhancing Tenant Appeal and Rent Premiums. Ideal for Experienced Investor Seeking a Heavy Value-Add or Stabilization Play with Major Income Growth Potential. Sold As-Is. Buyer to Verify all Information. Do Not Disturb Tenants.
| Price History | |
|---|---|
| 4/29/2026 | Listed $7,200,000 |
General Features
| Heating | Central |
|---|---|
| Cooling | Central Air |
| Roof | Tile |
| Zoning | PDR3* |
| Construction Materials | Stucco,Wood Siding |
| Year Built | 1986 |
| Parcel Number | 3015-011-033 |
| County | Los Angeles |
| Property Type | Multi-Family |
| Status | Active |
| Directions | 12th St East and Ave Q |
| City | Palmdale |
| Number Of Units Total | 24 |
| MLS Area | 09 - Palm Div to 80th E |
| Lot Size Units | Acres |
| Lot Size Square Feet | 52838.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| MLS Area Minor | 09 - Palm Div to 80th E |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active |
| MobileHomeRemainsYN | No |
| Senior Community | None |
| New Construction | None |
| Utilities@Core.Permissions | None |
| Water Body Access Y/N | None |
| Accessibility Features Y/N | None |
Interior Features
| Basement (Y/N) | No |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Total Bedrooms | 48 |
| Total Baths | 24 |
Exterior Features
| Lot Size Area | 1.21 |
|---|---|
| Spa | No |
| Building Area Total | 23230.0 |
| Lot Size Acres | 1.21 |
| Crops Included Y/N | No |
| Irrigation Water Rights Y/N | No |
| ExteriorFeatures@Core.Permissions | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 93550
Price
Year Built
Visits
Based on information from California Regional Multiple Listing Service, Inc. as of September 20, 2026 11:58 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Greater Antelope Valley Association of Realtors®: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Tehachapi Area Association of REALTORS;reg& All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
