38859 Mesquite
About This Property
The kitchen serves as the heart of the home, featuring ample cabinetry, generous counter space, and a functional layout perfect for both casual meals and gatherings. Step outside to a spacious backyard complete with a pool-ideal for hosting, relaxing, or enjoying warm summer days-with plenty of additional space offering flexibility for a potential ADU, home office, or extended outdoor living.
This home has seen extensive upgrades completed in 2023, including a new roof, HVAC system, updated electrical with a 200-amp panel, plumbing fixtures, flooring, drywall, kitchen, bathrooms, and pool equipment-offering peace of mind and modern convenience.
Ideally located near local parks, schools within the Palmdale and Antelope Valley Union High School District, shopping, dining, and major commuter routes, this property combines space, functionality, and accessibility in one of Palmdale's established neighborhoods.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 13, 2026 | Sold | ||
| Sold | |||
| Jun 28, 2026 | In contract | - | |
| In contract | |||
| May 1, 2026 | Listed by Compass | $525,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017