Listing Agent: Esperanza Marroquin Broker/Office: Marro Real Estate, Inc.
1045 Elizabeth Lake Road Palmdale CA 93551
Listing ID
#SR26155533
Status
Active
Property Type
Single Family Residence
Property Style
Traditional
County
Los Angeles
Year Built
1950
Days on website
4
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.
Community Features:
Suburban
High School District:
Palmdale
Laundry Features:
Inside
Levels:
One
Senior Community YN:
false
Structure Type:
House
View:
Neighborhood
Water Source:
Public
High School District:
Palmdale
Senior Community YN:
false
MLS Area Major:
PLM - Palmdale
City:
Palmdale
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Listed By:
Esperanza Marroquin
Marro Real Estate, Inc.
CA Lic#
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