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Sold on 06/29/2026
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38721 5th E, Palmdale, CA 93550

  • $710,500

    Last sold 06/29/2026 after 28 Days

  • bed

  • bath

Multi-family not for sale
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About 38721 5th E

Property type Multi-family
Year built 1969
HOA fee $0/month
Lot size 7,977 Sqft
Parking 5 garage spaces
Rental estimate
Property description
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 units presents a unique chance for added value. Lower units offer private patios. Each unit includes access to an enclosed detached garage: one 1-car and three 2-car garages. Water, Gas and electricity are separately metered. An inactive laundry room provides potential for future utility income. Whether looking to generate income, live in one and rent the others, or create multi-generational space, this property offers total flexibility. Centrally located near schools, shopping, and major commuter routes, this is perfect for investors or owner-users. Do not disturb tenants; showings available only after an accepted offer.
Listed by
Listing Agent - Nancy Aynehchi
Listing Agent Contact: 714-496-8852
Listing Office - First Team Real Estate
Source: CRMLS mls logo
MLS#OC26115351 • last updated 1 week ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style Two, Traditional
Type Residential Income
SubType Quadruplex
Status Closed
Lot Size (Acres) 0.1831
Lot Size (SqFt) 7977
Year Built 1969
Interior
Exterior
Foundation Slab
Construction Stucco
Building Area Square Feet, 3340
Parking Garage - Single Door, Side By Side, Garage - Two Door, Street
# Parking Spaces 5
# Garage Spaces 5
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Electric Standard
Inclusions Appliances Owned By The Seller.
Spa None
Pool None
Location
View Neighborhood
County Los Angeles
Community Features Street Lights, Sidewalks
Directions Off Of E Avenue Q And Fifth Street E, Close To Palmdale Blvd.
APN 3008009023
Multifamily Details
Expense: Trash 2700
Operating Expense 15550
Cap Rate 7.6
Expense: Insurance 2200
Total Expenses 15550
Expense: Water/ Sewer 1200
Gross Income 70740
Gross Scheduled Income 70740
Expense: Gardener 950
Lot/ Land Details
Average Studio Area 835
Rental est.: $1,613/month
Gross rent multiplier: 36.7
  • Jun 2026
    mls logo MLS # OC26115351
  • Jun 29, 2026 Sold
    $710,500 (-1.3%)
  • Jun 16, 2026 Pending
  • Jun 8, 2026 Active
  • Jun 1, 2026 Listed
    $719,999
  • 38721 5th E
    $710K
  • 93550
    $435K -3% y/y
  • Palmdale
    $525K -2% y/y
No chart available
Statistics calculated by Movoto

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3/10
4/10
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 7/9/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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