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Listed by Martin Hernandez, DRE #02072549 • Ethos International Real Estate
$440,000
Est. payment /mo
6,003 Sqft Lot
New
406 408 E Avenue Q7 Palmdale, CA 93550
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26153408
Year Built 1957
Lot Size 6,003 Sqft
Property Sub-Type Duplex
Source California Regional MLS
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
Laundry 30
Exterior
Parking Features Assigned Spaces
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 3008025019
Special Listing Condition Not Applicable
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