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Carlos Gutierrez

carlossellssandiego@gmail.com +1(858) 864-8741

$ 499,990

Est. payment | -/mo

2 Beds

1 Bath

783 SqFt

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$ 499,990

Est. payment | -/mo

Save

2 Beds

1 Bath

783 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 783 sqft

Price per Sqft $638

MLS Listing ID SR26155533

Style Traditional

Bedrooms 2

Full Baths 1

Year Built 1950

Lot Size 10,454 Sqft

Property Sub-Type Detached

Property Description

Income-Producing Single Family Home with Permitted Detached Cottage & Development Potential! Exceptional investment opportunity featuring a well-maintained single-family home with a permitted detached cottage, both currently tenant-occupied and generating immediate cash flow. The main residence offers approximately 783 square feet with 2 bedrooms and 1 bathroom and was updated in 2021. The permitted detached cottage provides approximately 400 square feet, creating an ideal setup for investors seeking immediate cash flow or owner occupants looking to offset their mortgage with rental income. Situated on an R-3 zoned lot, this property offers excellent potential for future expansion, redevelopment, or the addition of residential units (buyer to verify all development possibilities with the City of Palmdale). The generous lot provides flexibility for future projects while the existing improvements deliver income from day one. Conveniently located near shopping, schools, parks, public transportation, and major commuter routes, this property offers the perfect combination of current rental income and long-term investment potential. Whether you're expanding your real estate portfolio, purchasing your first income property, or exploring future development opportunities, this versatile property presents a rare opportunity with immediate returns and significant upside.

Location

State CA

County Los Angeles

Direction From the CA-14 Freeway North, take the Palmdale Boulevard exit, head west on Palmdale Boulevard to Elizabeth Lake Road. Property is the second house on the right hand side passing the dentist office.

Interior

Heating Wall/Gravity

Cooling Swamp Cooler(s)

Fireplace No

Appliance Gas Range

Exterior

Garage Spaces 1.0

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

View Neighborhood

Total Parking Spaces 1

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Senior Community No

Tax ID 3003009005

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Esperanza Marroquin, DRE#01385504 Marro Real Estate, Inc.

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(858) 864-8741

carlossellssandiego@gmail.com

848 PROSPECT ST SAN DIEGO CA 92037

1045 Elizabeth Lake Road Palmdale, CA 93551

Carlos Gutierrez

Key Details

Location

Interior

Exterior

Building

Others

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1045 Elizabeth Lake Road