$719,999
38721 5th E 1-4, Palmdale CA 93550
Multi-Family (Fourplex)
Property type
3 days
On market
$216
Price per sqft
5 cars
Garage
1969
Year built
7,977 sqft
Lot size
Home highlights
Open Houses
Overview
This gated fourplex in East Palmdale offers a prime opportunity for investors seeking consistent rental income. Situated on a generous lot, the building consists of four units each with two bedrooms and one bathroom. Both upper units are renovated with modern quartz countertops, shaker cabinetry, vinyl flooring in family rooms and kitchens, and newer HVAC. Remodeling the other...
Listing provided by: Nancy Aynehchi DRE #01450929 714-496-8852, First Team Real Estate
Listing updated: Jun 4, 2026 at 01:32pm.
Last checked: Jun 4, 2026 at 02:00pm
Source: CRMLS #OC26115351
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $1,210 | $1,200 | $1,500 | Unfurnished |
| 1 | 2 | 1 | — | $1,100 | $1,100 | $1,500 | Unfurnished |
| 1 | 2 | 1 | — | $1,935 | $1,935 | $2,000 | Unfurnished |
| 1 | 2 | 1 | — | $1,650 | $1,650 | $1,650 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 1
Carpet: 4
Rent Control: Yes
Units Leased: 3
Total Actual Rent: $70,740
Tenant Pays: Electricity, Gas, Water
Financial Snapshot
Gross Rent Multiplier
10.2x
List Price / Annual Gross Rent
Cap Rate
7.6%
NOI / List Price
Gross Scheduled Income: $70,740
Operating Expense: $15,550
Net Operating Income: $55,190
Annual Operating Expenses
Gardener: $950
Insurance: $2,200
New Taxes: $8,500
Trash: $2,700
Water / Sewer: $1,200
Interior
Flooring: Carpet, Laminate, Vinyl
Cooling: Central Air, Wall Window Units
Heating: Central, Wall Furnace
Laundry: Common Area, Washer Hookup, Gas Dryer Hookup
Entry Location: 1
Exterior
Architectural Style: Traditional
Property Attached: No
Stories Total: 2
Levels: Two
Foundation: Slab
Construction Materials: Stucco
Common Walls: No Common Walls
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Zero To One Unit Acre
Pool: None
Spa: None
Fencing: Wrought Iron
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: Neighborhood
Garage and Parking
Parking: Door Multi, Door Single, Garage, On Street, Side By Side
Garage Spaces: 5
Parking Total: 5
Lot Information
Land Lease: No
Common Interest: Condominium
Parcel #: 3008009023
Additional Parcels: No
Tax Lot: 74
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 38721 5th E 1-4, Palmdale, CA 93550. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$575,999
Total Interest
$734,655
Total Payment
$1,310,654
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$4,541
per month
Property History for 38721 5th E 1-4
Palmdale Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 93550.
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