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$440,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 3 hours ago
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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.

Full Property Details for 406 408 E Ave Q7

General

  • Price: $440,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SR26153408
  • Updated: Today (7/14/2026)
  • Added to Site: Today

Rooms

Other Rooms

  • Laundry: Washer Hookup

Additional Information

  • Pool Description: None

Parking

  • Parking Features: Assigned
  • Parking: Assigned

Location

  • Area: PLM - Palmdale
  • County: Los Angeles
  • Development Name: PLM - Palmdale
  • Driving Directions: From Palmdale Blvd., head south on 4th St. E, turn left on E Ave Q-7, and the property will be on the left.

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 2
  • # Electric Meters: 2

Structural Information

  • Entry Location: 1
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 1,360
  • Year Built: 1957

Unit Information

Unit 1

  • Number of Units: 2
  • Total Bathrooms: 2
  • Bedrooms: 4

Lot Features

  • Lot Size (Acres): 0.1378
  • Lot Size (Sq. Ft.): 6,003
  • Lot Size Source: Assessor
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $323.53
  • Price Per Unit: 220000

Listed by Ethos International Real Estate, Martin Hernandez

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Listing agent

— 406 408 E Ave Q7 —

  • Martin Hernandez

    Ethos International Real Estate

661-874-3245

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

Schools serving 406 408 E Ave Q7

School Districts:Palmdale Elementary School District, Antelope Valley Union Joint High School District
NameGradesDistance
Yucca Elementary School
38440 2nd Street East, Palmdale, CA 93550
K-50.3 mi
David G. Millen Intermediate
39221 22nd Street West, Palmdale, CA 93551
6-82.9 mi
Highland High School, Palmdale, CA
39055 25th Street West, Palmdale, CA 93551
9-123.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 406 408 E Ave Q7 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/14/2026
Listed
$440,000
923.26%
MLS
4/28/1998
Sold
$43,000
—
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 406 408 E Ave Q7

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,431
9%
$68,230
3%
2023
$2,229
3%
$65,943
2%
2022
$2,160
3%
$64,658
2%
2021
$2,102
2%
$63,399
1%
2020
$2,068
1%
$62,754
3%
2019
$2,053
1%
$61,171
2%
2018
$2,029
1%
$59,972
2%
2017
$2,008
4%
$58,797
2%
2016
$1,934
1%
$57,645
2%
2015
$1,912
—
$56,780
2%
2014
$1,908
-6%
$55,669
—
2013
$2,030
—
$55,419
—
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.

Estimate the Cost for 406 408 E Ave Q7

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Ethos International Real Estate, Martin Hernandez

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406 408 E Avenue Q7, Palmdale, CA 93550 (MLS# SR26153408) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 406 408 E Avenue Q7 is currently listed for $440,000 and was received on July 14, 2026. Want to learn more about 406 408 E Avenue Q7? 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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