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518-524 E Avenue Q-12
Palmdale, CA 93550

$5,100,000 USD

Apartments For Sale • 21,762 SF

Property Details

Property Type Apartments
Total Building Size 21,762 SF
Lot Size 1 AC
Building Class C
Year Built 1980
Cap Rate 7.09 %
Zoning R3, Palmdale

10 Transit Score

40 Walk Score

                
                    Highlights
                
                                30 Unit Property in Palmdale, CA on 1.46 Acres
                            
                                Great unit mix of all 2 bed / 1 bath units 
                            
                                13 units are currently vacant- Vacant units were underwritten to $1,700 without RUBS charges
                            
                                On-site laundry room, leasing office, and great outdoor space. 
                            
                                Includes .46 acre lot that an additional 21 units can be built
                            
                                Upon stabilization and lease up of the vacant units, a buyer should expect a cap rate of 7.09%

Financial Summary (Proforma)

Net Operating Income: $361,345 USD (2026)

Cap Rate:	7.09 %
Total Expenses:	$269,518 USD

Amenities

Laundry Facilities
Storage Space
Heating
Recycling
Kitchen
High Speed Internet Access

Public Transportation

Commuter Rail	Drive	Walk	Distance
Palmdale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink))	3 min	-	1.3 mi
Vincent Grade/Acton (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink))	11 min	-	6.5 mi
Airport	Drive	Walk	Distance
Bob Hope	59 min	-	48.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes

Casey Picard 626-376-9224 KW Commercial

518-524 E Avenue Q-12 Palmdale, CA 93550