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$735,000

Beds
Unknown
sq ft
3,122

558 E Avenue Q12, Palmdale, CA 93550

558 E Avenue Q12

Palmdale, CA 93550

  • 303 days on market
    • Price drop $15,000↓
With a zoning of R3, the lot allows for the construction of up to 15 units, offering significant development potential. The property features three separate water, electric, and gas meters, providing individual utility setups for each unit. Each unit is thoughtfully designed, with the convenience of a private garage and a personal backyard. Parking is available on the street or in front of the units, ensuring accessibility for residents. The great curb appeal adds to the overall attractiveness of the property. Noteworthy improvements include a newer roof for two of the back units and the addition of new copper pipes in one of the back vacant units. The occupied back unit boasts a modern kitchen with a newer backsplash and includes a bar counter. The front unit, being larger in size, offers spacious living quarters. Furthermore, the conversion of the garage into an unpermitted third bedroom with a kitchen and bath in one of the units adds versatility to the property. The complex is well-maintained, reflecting the care and attention invested in its upkeep. Situated in a highly desirable area for commuters, the property's proximity to the freeway, train, and highway, as well as nearby shopping options, enhances its appeal. Overall, this triplex presents a promising investment opportunity with substantial upside potential. This triplex listing presents a lucrative opportunity for potential investors or buyers.

Details

Property type

Mixed Use

Est. home value

$745,832

Lot size

0.5045 acres

Price per sq ft

$236

Year built

1949

Price History

05/21/2024
CRMLS

CRMLS #CV23229589

Price change
$735,000
-2%
01/16/2024
CRMLS

CRMLS #CV23229589

Listed
$750,000
+4.9%
10/13/2022
CRMLS

CRMLS #SR22134127

Sold
$715,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Hometown Equity Mortgage

Loan start date

August 2022

Original loan amount

$500,500

Est. remaining balance

Not provided

Interest rate

5.81%

Loan type

Commercial

Seller

Derrick Marlin Myers

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/14/2024 at 7:50 AM

Listing updated: 10/19/2024 at 4:50 AM

Listed by: Abraham Prattella, AGENCY 8 REAL ESTATE GROUP Phone #: (909) 445-0123

MLS: CRMLS #CV23229589

CRMLS logo

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