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$719,999 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 14 hours ago
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This gated fourplex in East Palmdale offers a prime opportunity for investors seeking consistent rental income. Situated on a generous lot, the building consists of four units each with two bedrooms and one bathroom. Both upper units are renovated with modern quartz countertops, shaker cabinetry, vinyl flooring in family rooms and kitchens, and newer HVAC. Remodeling the other units presents a unique chance for added value. Lower units offer private patios. Each unit includes access to an enclosed detached garage: one 1-car and three 2-car garages. Water, Gas and electricity are separately metered. An inactive laundry room provides potential for future utility income. Whether looking to generate income, live in one and rent the others, or create multi-generational space, this property offers total flexibility. Centrally located near schools, shopping, and major commuter routes, this is perfect for investors or owner-users. Do not disturb tenants; showings available only after an accepted offer.

Full Property Details for 38721 5th

General

  • Price: $719,999
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: OC26115351
  • Updated: 6/2/2026
  • Days on Market: 1 days
  • Added to Site: 1 day(s) ago

Interior

  • Flooring: Vinyl, Carpet, Laminate

Rooms

Other Rooms

  • Laundry: Gas Dryer Hookup, Washer Hookup, Common Area

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 5
  • Parking Features: Garage (Single Door), Side-by-Side, Garage (Two Doors), Street
  • Parking: Garage (Single Door), Side-by-Side, Garage (Two Doors), Street

Location

  • Area: PLM - Palmdale
  • County: Los Angeles
  • Development Name: PLM - Palmdale
  • Driving Directions: off of E Avenue Q and Fifth Street E, close to Palmdale Blvd.

Heating & Cooling

  • Cooling Type: Central Air, Wall/Window Unit(s)
  • Heating Type: Wall Furnace, Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 4
  • # Gas Meters: 4
  • # Electric Meters: 4

Structural Information

  • Architectural Style: Traditional
  • Foundation: Slab
  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 3,340
  • Year Built: 1969

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Property View: Neighborhood
  • Lot Size (Acres): 0.1831
  • Lot Size (Sq. Ft.): 7,977
  • Lot Size Source: Assessor
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $215.57
  • Price Per Unit: 180000

Disclosures and Reports

  • Exclusions: Appliances owned by the tenants
  • Inclusions: Appliances owned by the seller.

Listed by First Team Real Estate, Nancy Aynehchi

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Listing agent

— 38721 5th —

  • Nancy Aynehchi

    First Team Real Estate

714-496-8852

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 38721 5th Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/02/2026
Listed
$719,999
76.04%
MLS
2/24/2020
Sold
$409,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 38721 5th

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,948
8%
$524,943
4%
2023
$8,322
4%
$505,061
2%
2022
$8,004
2%
$495,169
2%
2021
$7,827
73%
$485,471
135%
2020
$4,528
1%
$206,789
2%
2019
$4,481
1%
$202,245
2%
2018
$4,418
1%
$198,281
2%
2017
$4,358
5%
$194,394
2%
2016
$4,141
1%
$190,584
2%
2015
$4,093
1%
$187,722
2%
2014
$4,058
-5%
$184,045
—
2013
$4,272
—
$183,214
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by First Team Real Estate, Nancy Aynehchi

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38721 5th, Palmdale, CA 93550 (MLS# OC26115351) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 38721 5th is currently listed for $719,999 and was received on June 02, 2026. Want to learn more about 38721 5th? Do you have questions about finding other Multi-Family real estate for sale in Palmdale? You can browse all Palmdale real estate or contact a Coldwell Banker agent to request more information.

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