About This Home
This 4-bedroom, 0-bathroom residential multi family at 406 & 408 E Avenue Q7 in Palmdale, CA is listed for $440,000 ($324 per sqft). Built in 1957, the home offers 1,360 sqft of living space on a 0.14 acres lot.
Key Features
- Built in 1957
- 0.14 acre lot
Property Details
Amenities
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.
Monthly Cost Estimate
$2,353/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
406 & 408 E Avenue Q7
Palmdale, CA 93550
Property Details
Construction
Cooling
Questions & Answers
This 4-bedroom, 0-bathroom residential multi family at 406 & 408 E Avenue Q7 is listed at $440,000 ($324/sqft). The estimated monthly payment is $2,353 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1957, 0.14 acre lot.
This property is listed by Martin J Hernandez and can be reached at 9495727743.