38755 6Th StPalmdale, CA 93550

  • Land
  • 0.22 AC
For Sale
$575,000 View listing

Property Details for 38755 6Th St

Lot size
0.22 AC
Zone code
PDM1*
Property type
Land
Property subtype
Other industrial land
APN
3008-011-002
APU
3008011002

Description

This 0.37-acre corner lot at 38755 E 6th Street, Palmdale, CA, presents a unique investment opportunity in the heart of the Palmdale Transit area. Currently occupied by Your Way Constructions, a bathroom/kitchen remodeling business with an associated granite yard, the property is zoned for mixed-use development. The existing business operates under an "as is" (M1) designation, offering immediate income potential. However, the property's prime location and zoning allow for significant redevelopment possibilities. Comprehensive city plans, zoning information, and use codes for future projects are available, providing a clear pathway for development leading up to the 2028 Los Angeles Olympics. This presents a chance to create a new commercial and/or residential development, capitalizing on the area's growth and proximity to major transportation routes. The property's versatility and strategic location make it an attractive proposition for investors seeking both immediate returns and long-term appreciation. The asking price is $575,000. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,563,550
    Hospitality
    $3,264,193
    Educational
    $2,715,770
    Medical
    $2,809,170
    Retail
    $4,224,532
38755 6Th St, Palmdale, California

Location Insight

City
Palmdale
County
Los Angeles
State
California
Latitude
34.5868
Longitude
-118.12
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$980
$71,300
-
$71,300
-
-
-
-

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