1045 Elizabeth Lake Road, Palmdale, CA 93551
Local realty services provided by:ERA North Orange County Real Estate
1045 Elizabeth Lake Road,Palmdale, CA 93551
$499,990
- 3 Beds
- 2 Baths
- 1,183 sq. ft.
- Single family
- Active
Listed by: esperanza marroquin
Office: marro real estate, inc.661-951-7877
MLS#:SR26155533
Source:CRMLS
Price summary
- Price:$499,990
- Price per sq. ft.:$422.65
About this home
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....
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Home facts
- Year built:1950
- Listing ID #:SR26155533
- Added:28 day(s) ago
- Updated:August 14, 2026 at 11:19 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Kitchen Description:Gas Range
- Living area:1,183 sq. ft.
Heating and cooling
- Cooling:Evaporative Cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1950
- Building area:1,183 sq. ft.
- Lot area:0.24 Acres
- Lot Features:Rectangular Lot
- Architectural Style:Traditional
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$499,990
- Price per sq. ft.:$422.65
Features and amenities
- Laundry features:Inside
Parking
- Total parking spaces:1
- Garage:Yes
- Garage spaces:1
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