$627,000
●
House -
Off Market
40522 Milan Drive
Palmdale, CA 93551
4 Beds
3 Baths
2,325 Ft²
$3,069
Est. Monthly
About This Property
Welcome to this beautifully updated, move-in ready home with great
curb appeal and a spacious, functional layout. The bright living
room features vaulted ceilings that flow into the formal dining
area. The updated modern kitchen opens to the cozy family room with
a fireplace perfect for everyday living and entertaining.
The home offers 1 bedroom and 1 full bathroom downstairs, providing flexibility for guests or a home office setup. Upstairs, the spacious primary suite features vaulted ceilings, a soaking tub, separate shower, dual-sink vanity, and walk-in closet, along with 2 additional bedrooms with a Jack and Jill bathroom connected.
Recent upgrades include HVAC installed in 2022, water heater replaced in 2020, electrical panel updated in 2025, and a 220V outlet in the 3-car garage for EV charging.
Enjoy the covered patio and large backyard with lush green grass, ideal for entertaining, family gatherings, kids, or pets to enjoy the peaceful park-like setting.
Don't miss out on this beautiful move-in ready gem located in a perfect location close to schools, parks, and golf course on a quiet cul-de-sac.
The home offers 1 bedroom and 1 full bathroom downstairs, providing flexibility for guests or a home office setup. Upstairs, the spacious primary suite features vaulted ceilings, a soaking tub, separate shower, dual-sink vanity, and walk-in closet, along with 2 additional bedrooms with a Jack and Jill bathroom connected.
Recent upgrades include HVAC installed in 2022, water heater replaced in 2020, electrical panel updated in 2025, and a 220V outlet in the 3-car garage for EV charging.
Enjoy the covered patio and large backyard with lush green grass, ideal for entertaining, family gatherings, kids, or pets to enjoy the peaceful park-like setting.
Don't miss out on this beautiful move-in ready gem located in a perfect location close to schools, parks, and golf course on a quiet cul-de-sac.
Unit Size
2,325 Ft²
Days on Market
58 days
Land Size
0.16 acres
Price per sqft
$269
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1990
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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: 4 months ago (CRMLS #BB26108482)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 29, 2026 | Sold | ||
| Sold | |||
| Jun 30, 2026 | In contract | - | |
| In contract | |||
| Jun 1, 2026 | Listed by Redfin Corporation | $625,000 | |
| Listed by Redfin Corporation | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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HOA + Taxes
About Palmdale
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Listed by: Mildred Doniz, Redfin Corporation
Last Updated: 4 months ago
Data Source: CRMLS, MLS# BB26108482
Last Updated: 4 months ago
Data Source: CRMLS, MLS# BB26108482
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