About This Home
This 2-bedroom, 1-bathroom single family at 1045 Elizabeth Lake Road in Palmdale, CA is listed for $499,990 ($639 per sqft). Built in 1950, the home offers 783 sqft of living space on a 0.24 acres lot.
Key Features
- Built in 1950
- 0.24 acre lot
Property Details
Amenities
Income-Producing Single Family Home with Permitted Detached Cottage & Development Potential! Exceptional investment opportunity featuring a well-maintained single-family home with a permitted detached cottage, both currently tenant-occupied and generating immediate cash flow.
The main residence offers approximately 783 square feet with 2 bedrooms and 1 bathroom and was updated in 2021. The permitted detached cottage provides approximately 400 square feet, creating an ideal setup for investors seeking immediate cash flow or owner occupants looking to offset their mortgage with rental income.
Situated on an R-3 zoned lot, this property offers excellent potential for future expansion, redevelopment, or the addition of residential units (buyer to verify all development possibilities with the City of Palmdale). The generous lot provides flexibility for future projects while the existing improvements deliver income from day one.
Conveniently located near shopping, schools, parks, public transportation, and major commuter routes, this property offers the perfect combination of current rental income and long-term investment potential. Whether you're expanding your real estate portfolio, purchasing your first income property, or exploring future development opportunities, this versatile property presents a rare opportunity with immediate returns and significant upside.
Monthly Cost Estimate
$2,674/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1045 Elizabeth Lake Road
Palmdale, CA 93551
Property Details
Flooring
Construction
Cooling
Appliances
Questions & Answers
This 2-bedroom, 1-bathroom single family at 1045 Elizabeth Lake Road is listed at $499,990 ($639/sqft). The estimated monthly payment is $2,674 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1950, 0.24 acre lot.
This property is listed by Esperanza M Marroquin and can be reached at 6617336893.
