406 408 E Avenue Q7, Palmdale, CA 93550
406 408 E Avenue Q7, Palmdale, CA 93550
406 408 E Avenue Q7, Palmdale, CA 93550
49
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$440,000
Est. payment /mo
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6,002 Sqft Lot
Active

406 408 E Avenue Q7 Palmdale, CA 93550

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Darren Wade

Darren Wade

+1(559) 312-7467

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26153408

HOA Y/N No

Year Built 1957

Lot Size 6,002 Sqft

Property Sub-Type Duplex

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

Area Plm - Palmdale

Interior

Fireplace No

Laundry Washer Hookup

Exterior

Parking Features Assigned

Pool None

Community Features Street Lights

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 3008025019

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://youtube.com/shorts/0wiydmkxt5w?is=-VmekuUHpSMcMK7k

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Martin Hernandez Ethos International Real Estate 661-874-3245, DRE #02072549

NEARBY SCHOOL & BUSINESS

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Darren Wade

Darren Wade

Broker Associate | License ID: 01910957

+1(559) 312-7467

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406 408 E Avenue Q7