Listed by: Michael Watson, Keller Williams Realty Antelope Valley
$460,000
●
House -
Off Market
38825 Ocotillo Drive
Palmdale, CA 93551
3 Beds
2 Baths
1,622 Ft²
$2,210
Est. Monthly
About This Property
Adorable single story home in West Palmdale. This home features
beautiful curb appeal and a spacious fenced & landscaped front
yard. Inside you will find an open floor plan perfect for
entertaining. The living room offers plenty of space with
connection to the kitchen. The kitchen features beautiful white
cabinets, black appliances and access to the side yard. There are 3
bedrooms and 2 bathrooms. Outside you will find a spacious yard and
a detached garage. This property also offers alley access in the
back of the property. There is 2 newer high efficiency heat pump
mini splits installed along with a newer high efficiency
evaporative cooler, complete new electrical system and wiring
throughout the house. All new LED lighting throughout the house,
beautiful elevated view of the Antelope Valley from the back yard.
This home is a MUST see!
Unit Size
1,622 Ft²
Days on Market
71 days
Land Size
0.20 acres
Price per sqft
$277
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1955
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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: 2 years ago (CRMLS #SR24251328)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 27, 2025 | Sold | ||
| Sold | |||
| Dec 18, 2024 | Listed by Keller Williams Realty Antelope Valley | $450,000 | |
| Listed by Keller Williams Realty Antelope Valley | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About Palmdale
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Listed by: Michael Watson, Keller Williams Realty Antelope Valley
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SR24251328
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SR24251328
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