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Listed by Esperanza Marroquin, DRE #01385504 • Marro Real Estate, Inc.
$ 499,990
Est. payment /mo
New
1045 Elizabeth Lake RD Palmdale, CA 93551
2 Beds
1 Bath
783 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 783 sqft
Price per Sqft $638
MLS Listing ID CRSR26155533
Style Traditional
Bedrooms 2
Full Baths 1
Year Built 1950
Lot Size 10,454 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
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
Location
State CA
County Los Angeles
Area Plm - Palmdale
Rooms
Kitchen Oven Range - Gas
Interior
Heating Wall Furnace
Cooling Evaporative Cooler
Fireplaces Type None
Laundry Other
Exterior
Garage Spaces 1.0
Pool 31, None
View Local/Neighborhood
Building
Story One Story
Water District - Public
Architectural Style Traditional
Others
Tax ID 3003009005
Special Listing Condition Not Applicable
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