$150,000
●
Land -
For Sale
38545 4th Street
Palmdale, CA 93550
Studio
0 Bath
$737
Est. Monthly
About This Property
Don't miss this exceptional development opportunity in East
Palmdale. This PDR2-zoned lot is equipped with water, electricity,
and gas at the property, making it an excellent candidate for your
next project.
The property previously received approval for plans to build two homes and includes valuable pre-development work such as completed soil testing, a boundary survey, grading plans, and building plans-helping streamline the path toward construction.
Ideally situated near shopping, schools, and major freeway access, this lot offers flexibility for a variety of investment strategies, including new construction for resale, long-term rental income, or multi-generational living.
With much of the preliminary work already completed, this is a rare opportunity to move forward with your vision and begin the permitting process with confidence. Explore the possibilities and make this East Palmdale property your next successful investment.
The property previously received approval for plans to build two homes and includes valuable pre-development work such as completed soil testing, a boundary survey, grading plans, and building plans-helping streamline the path toward construction.
Ideally situated near shopping, schools, and major freeway access, this lot offers flexibility for a variety of investment strategies, including new construction for resale, long-term rental income, or multi-generational living.
With much of the preliminary work already completed, this is a rare opportunity to move forward with your vision and begin the permitting process with confidence. Explore the possibilities and make this East Palmdale property your next successful investment.
Unit Size
-
Days on Market
7 days
Land Size
0.18 acres
Price per sqft
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Property Type
Land
Property Taxes
-
HOA Dues
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Year Built
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Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 7 days ago (CRMLS #SR26232174)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 27, 2026 | Listed by Luxury Collective | $150,000 | |
| Listed by Luxury Collective | |||
| Jul 12, 2025 | Listed | $199,999 | |
| Listed | |||
| | |||
|
Don’t miss this exceptional opportunity to own a centrally located lot in the vibrant city of Palmdale. This R2-zoned parcel is ready to build and offers endless potential for developers, investors, or those looking to create their ideal multi-unit residence.
Situated in a desirable neighborhood, this property boasts a fantastic location just minutes from major shopping centers, restaurants, schools, and public transportation. Whether you're planning to build a duplex, rental units, or your dream home with income potential, this land provides the perfect foundation.
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Property Highlights
Exterior Details
Lot Features: ZeroToOneUnitAcre
Lot Size Area: 8020
Lot Size Units: Square Feet
Lot Size Acres: 0.1841
Lot Size Square Feet: 8020
Tax Lot: 159
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Palmdale
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Marlon Ramos Garcia, Luxury Collective
Last Updated: 7 days ago
Data Source: CRMLS, MLS# SR26232174
Last Updated: 7 days ago
Data Source: CRMLS, MLS# SR26232174
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