Palmdale, CA
$440,000
406 408 E Avenue Q7, Palmdale, CA
1957
Built
1
Days listed
About this home
Rare opportunity to own a fully occupied income-producing duplex generating **$2,850/month ($34,200 annually)** in gross rental income. Offered at **$440,000**, this property features an attractive **GRM of 12.87** and an approximate **5.9% cap rate**. Each spacious 2-bedroom, 1-bath unit is tenant occupied, with tenants paying all utilities except water and trash. **The neighboring duplex at 410-412 E Ave Q-7 is also available for purchase**, creating an excellent opportunity to acquire two side-by-side investment properties. Conveniently located near shopping, schools, and commuter routes with strong rental demand. **Please do not disturb tenants. Drive-by only. Interior inspections available with an accepted offer.
Facts & features
Interior
- Laundry
- Washer Hookup
- Levels
- One
Exterior & lot
- Lot size
- 0.138 acres (6,003 sq ft)
- Pool
- None
- Year built
- 1957
- Parking
- Assigned
Community
- Area
- PLM - Palmdale
- County
- Los Angeles
- Community features
- Street Lights
Listing details
- Status
- Active
- Property type
- Duplex
- Days on market
- 1
- Listed
- 2026-07-14
- Terms
- Cash, Conventional, Exchange 1031
- Parcel #
- 3008025019
- MLS #
- SR26153408
Listed by
Martin Hernandez · Ethos International Real Estate
