Listing Agent: Esperanza Marroquin      Broker/Office: Marro Real Estate, Inc.
1045 Elizabeth Lake Road Palmdale CA 93551
$ 499,990
  2   |    1   |    783 Sq Feet

Listing ID

#SR26155533

Status

Active

Property Type

Single Family Residence

Property Style

Traditional

County

Los Angeles

Year Built

1950

Days on website

4

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
Financial Information
List Price:  $ 499990
Property Features
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
Listed By:   Esperanza Marroquin   Marro Real Estate, Inc. 
CA Lic#