For sale

$7,200,000

1218 E Avenue Q, Palmdale, CA 93550

48beds

24baths

23,230sqft

$51,583/mo

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Multi Family

Built in 1986

-- sqft lot

$-- Zestimate^®

$310/sqft

$-- HOA

What's special

Carport parking

Rare High-Upside Value-Add Opportunity! 24-Unit Apartment Complex with 6 VACANT Units Ready for Immediate Lease-Up. All Units have been Upgraded. Perfect for an Investor Looking to Capture Instant Equity and Rapidly Increase Cash Flow. Strong 2 Bed and 1 Bath Unit with High Rental Demand. Significant Upside Through Leasing Vacant Units at Market Rents and Repositioning Remaining Units. Existing Ownership Pays Water and Trash Clear Path to Improving NOI Through Expense Pass-Throughs. Additional Income Potential from On-Site Laundry. Property Offers Carport Parking and Private Balconies on Upstairs Units, Enhancing Tenant Appeal and Rent Premiums. Ideal for Experienced Investor Seeking a Heavy Value-Add or Stabilization Play with Major Income Growth Potential. Sold As-Is. Buyer to Verify all Information. Do Not Disturb Tenants.

99 days

186

9

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 48
Bathrooms: 24

Heating

Has Heating (Unspecified Type)

Cooling

Has cooling: Yes

Interior area

Total structure area: 23,230
Total interior livable area: 23,230 sqft

Property

Lot

Size: 1.21 Acres

Details

Parcel number: 3015011033
Zoning: PDR3*

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Stucco, Wood Siding
Roof: Tile

Condition

Year built: 1986

Community & HOA

Location

Region: Palmdale

Financial & listing details

Price per square foot: $310/sqft
Date on market: 4/29/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

$1,492/mo

Price history

Date	Event	Price
4/29/2026	Listed for sale	$7,200,000$310/sqft
Source: GAVAR #26003423 Report a problem
5/10/2025	Listing removed	$1,750
Source: Zillow Rentals Report a problem
5/5/2025	Listed for rent	$1,750+20.7%
Source: Zillow Rentals Report a problem
2/18/2023	Listing removed	--
Source: Zillow Rentals Report a problem
1/13/2023	Listed for rent	$1,450+7.4%
Source: Zillow Rentals Report a problem
5/26/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
5/20/2021	Listed for rent	$1,350+12.5%
Source: Zillow Rental Manager Report a problem
2/20/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
2/16/2021	Listed for rent	$1,200
Source: Zillow Rental Manager Report a problem
11/1/2020	Listing removed	$1,200
Source: Valley Wide Property Management Report a problem
10/26/2020	Listed for rent	$1,200
Source: Valley Wide Property Management Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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