1045 Elizabeth Lake RD, Palmdale, CA 93551
1045 Elizabeth Lake RD, Palmdale, CA 93551
1045 Elizabeth Lake RD, Palmdale, CA 93551
1045 Elizabeth Lake RD, Palmdale, CA 93551
1045 Elizabeth Lake RD, Palmdale, CA 93551
1045 Elizabeth Lake RD, Palmdale, CA 93551
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$ 499,990
Est. payment | /mo

2 Beds

1 Bath

783 SqFt


Save
$ 499,990
Est. payment | /mo
Save

2 Beds

1 Bath

783 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 783 sqft

Price per Sqft $638

MLS Listing ID SR26155533

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1950

Lot Size 10,454 Sqft

Property Sub-Type Single Family Residence

Property 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

State CA

County Los Angeles

Area Plm - Palmdale

Rooms

Main Level Bedrooms 2

Interior

Heating Wall Furnace

Cooling Evaporative Cooling

Fireplaces Type None

Fireplace No

Appliance Gas Range

Laundry Inside

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Suburban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Total Parking Spaces 1

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Rectangular Lot

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

New Construction No

Schools

School District Palmdale

Others

Senior Community No

Tax ID 3003009005

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard, Trust

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Esperanza Marroquin Marro Real Estate, Inc. 661-733-6893, DRE #01385504

Nearby Locations

Scott Miller

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 264-3501

mrscottkmiller@gmail.com

123 main, Ridgecrest, CA, 93555, USA

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1045 Elizabeth Lake RD