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Sold on 06/16/2025
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38564 5th St E, Palmdale, CA 93550

$780,000

Last sold 06/16/2025 after 185 Days

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    bed

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    bath

Multi-family not for sale
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About 38564 5th St E

Property type Multi-family
Year built 1983
HOA fee $0/month
Lot size 7,462 Sqft
Parking 4 garage spaces
Rental estimate
Property description
Discover this exceptional 5-unit corner lot apartment complex, a true pride of ownership. The property boasts a fully gated premises, energy-efficient windows, and drought-tolerant landscaping. Each 1-bedroom unit has been thoughtfully renovated and includes detached garages. Located in a residential area, this complex offers easy access to grocery stores, retail shopping centers, Palmdale Transit Village, and Palmdale Regional Medical Center. Each unit features open and spacious floorplans with ample storage, updated appliances, and modern fixtures. Don’t miss this opportunity to own a well-maintained, income-producing property in a highly desirable location!
Listed by
Listing Agent - Arturo Sequeira
Listing Agent Contact: 661-312-9877
Listing Office - Skycastle Properties
Source: CRMLS mls logo
MLS#SR24254504 • last updated 1 year ago
Movoto checked CRMLS for data 1 minute ago
Overview
Levels/Style Two, Contemporary
Type Residential Income
SubType Commercial/Residential
Status Pending
Lot Size (Acres) 0.1713
Lot Size (SqFt) 7462
Year Built 1983
Condition Turnkey, Updated/Remodeled
Interior
Laundry Community
Appliances Dishwasher, Free-Standing Range, Gas Oven, Gas Range, Microwave
Interior Features Copper Plumbing Full, Granite Counters, Open Floorplan
Window Features Double Pane Windows
Exterior
Foundation Slab
Construction Stucco
Building Area Square Feet, 3912
Parking Assigned, Garage, Garage - Two Door
# Uncovered Spaces 2
# Parking Spaces 6
# Garage Spaces 4
Lot Description Corner Lot
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Electric Standard
Spa None
Pool None
Location
View Mountain(s)
County Los Angeles
Community Features Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Zoning PDR3*
Directions 14N, East On Palmdale Blvd, North 5th ST East
APN 3008013039
Multifamily Details
Vacancy Allowance Rate 5
Vacancy Allowance 3984
Expense: Trash 2600
Operating Expense 26576
Cap Rate 6.06
Expense: Insurance 5000
Total Expenses 26576
Expense: Maintenance 5284
Expense: Water/ Sewer 935
Gross Income 75696
Gross Operating Income 75696
Expense: Electric 396
Gross Multiplier 11.36
Gross Scheduled Income 79680
Expense: Supplies 250
Lot/ Land Details
Road Frontage City Street
Average Studio Area 400
Rental est.: $1,151/month
Gross rent multiplier: 56.5
  • Jun 2025
    mls logo MLS # SR24254504
  • Jun 16, 2025 Sold
    $780,000
  • May 30, 2025 Pending
    —
  • May 27, 2025 Active
    —
  • May 11, 2025 Listed
    $839,999 (-2.3%)
  • May 5, 2025 Active
    —
  • Dec 13, 2024 Listed
    $860,000 (-7.0%)
  • Jun 2025
    Public Records
  • Jun 16, 2025 Sold
    $780,000 (-7.1%)
  • Jun 2022
    mls logo MLS # SR22119991
  • Jun 4, 2022 Listed
    $925,000 (+92.7%)
  • Jul 2017
    Public Records
  • Jul 26, 2017 Sold
    $480,000
  • Jul 2017
    mls logo MLS # SR16766634
  • Jul 26, 2017 Sold
    $480,000
  • Feb 1, 2017 Sold
    $480,000 (-4.0%)
  • Dec 22, 2016 Pending
    —
  • Nov 30, 2016 Listed
    $500,000
  • Nov 30, 2016 Listed
    $500,000
  • Nov 2016
    mls logo MLS # SR16174343
  • Nov 18, 2016 Listed
    —
  • Nov 8, 2016 Active
    —
  • May 15, 2016 Listed
    $500,000 (+56.3%)
  • Jul 2015
    Public Records
  • Jul 17, 2015 Sold
    $320,000
  • Year Property taxes Tax assessment
  • 2024
    $10,094 +0.4%
    $535,445
  • 2023
    $10,050 +3.7%
    $535,445 +2.0%
  • 2022
    $9,693 +2.0%
    $524,947 +4.04%
  • 2021
    $9,505 +1.7%
    $504,565
  • 2020
    $9,348
    $504,565
  • 38564 5th St E
    $780K
  • —
  • 93550
    $439K -2% y/y
  • Palmdale
    $515K -4% y/y
No chart available
Statistics calculated by Movoto

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3/10
Yucca Elementary School
public Grades K-5
Palmdale Elementary School District
4/10
Highland High School
public Grades 9-12
Antelope Valley Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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