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$ 440,000
Est. payment /mo
Active
406 & 408 E Avenue Q7 Palmdale, CA 93550
4 Beds
1,360 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,360 sqft
Price per Sqft $323
MLS Listing ID 26005437
Bedrooms 4
Year Built 1957
Lot Size 6,098 Sqft
Acres 0.14
Source Greater Antelope Valley Association of REALTORS®
Land Area 1360
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
Zoning PDR3
Direction From Palmdale Blvd., head south on 4th St. E, turn left on E Ave Q-7, and the property will be on the left.
Interior
Cooling Evaporative Cooling
Exterior
Roof Type Shingle
Building
Structure Type Stucco
Others
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