38755 6Th StPalmdale, CA 93550
- Land
- 0.22 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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