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524 E Avenue Q-12, Palmdale, CA 93550

$5,100,000 Approx. USD 0 beds, 0 baths

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Casey Picard | casey.picard@aggregateip.com
Lic#: 01921866
Broker: Courtesy of Keller Williams Realty
Phone: (626) 376-9224

Agent Remarks

524 E Avenue Q12 presents a compelling opportunity to acquire a well-maintained 30-unit apartment community in Palmdale, CA, situated on a substantial 1.46-acre parcel. The property features a highly desirable, consistent unit mix of all 2-bedroom / 1-bathroom units that commands strong tenant demand. Residents benefit from 30 on-site parking spaces, secure gated parking, ADA-compliant units, an on-site laundry room, a dedicated leasing office, and generous outdoor space.Current ownership has invested over $1,850,000 in capital improvements since 2018, positioning the asset as a turnkey, income-producing investment. Beyond its income upon the stabilization of the asset, the property offers meaningful upside: there is an opportunity to add up to 8 ADUs utilizing SB 1211, while the open stabilization and lease-up of the vacant units allows a buyer to achieve a projected cap rate of 7.09%.The sale includes a .46 acre site that is zoned for an additional 21 units. Together, these attributes make 524 E Avenue Q12 a great opportunity to stabilize a well-located asset with a clear path to enhanced returns through both rental growth and future development potential through ADU construction and redevelopment of the vacant lot.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# P1-27871

Price: $5,100,000

HOA Fee is $0.00

Beds: 0

Baths: 0

None fireplaces

Built in 1980

1.46 acres

Lot size: 1.4619

Subdivision: Not Applicable

County: Los Angeles

Parking description: Assigned

Lot description: Sprinklers None

Heating/cooling: Wall/Window Unit(s)

Heating description: Wall Furnace

MLS area: PLM - Palmdale

Last Updated: 7/6/2026

Days On Market (DOM): 9

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This listing belongs to the PLM - Palmdale MLS area

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Lat/Long: 34.574646, -118.119896.
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