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Closed
- Listed price
- $649,000
- Listed Jul 25, 2012
- Sold price
- $619,000
- Sold Sep 20, 2013
40,464 sqft lot|1968 Built|448 MLS days on market
38128 10th St E, Palmdale, CA 93550
Property Description
*** SOLD BEFORE PROCESSING *** Great investment opportunity to acquire a stabilized multi-family asset close to Palmdale City Hall in a good location. The site consists of three buildings on just under an acre of land. There 10 apartments in two buildings made up of 2BR and 1BR apts. The third building and 11th unit is a 3BR 2BA house (SFR) in approx 1150sf at the very front of the property. The entire property has been rehabbed in certain parts, stabilized, and nearly leased up. The property leases up very easily and sometimes with no advertising. Close to good schools. This investment will generate double digit yields with cash or financing. Where can you step into a ready made cash flow situation. Plus, the lot size is nearly an acre for a potential development opportunity in the future as it is zoned R3. Seller might even entertain a carry back or a partial seller financing opportunity depending on the offer. There is an unpermitted 12th unit that is not considered in the analysis herein.
Listing agent: Todd RubinsteinDRE #01220146ToddR@realtor.com, Listing office: Rubinstein Group
MLS data updated 10/27/2026, 1:10:16 PM PT
Source: CRMLSMLS #: SR13210436
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$619,000
Sep 20, 2013
Available records22012–2013
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 93550 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 93550 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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