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Millman Team Real Estate

$440,000
0.14 Acre Lot

406 408 E Avenue Q7, Palmdale, California 93550

  • Residential Income Property Type
  • Assigned Cars Garage
  • 1957 Year Built
Property Description

Rare opportunity to own a fully occupied income-producing duplex generating **$2, 850/month ($34, 200 annually)** in gross rental income. Offered at **$440, 000**, this property features an attractive **GRM of 12.87** and an approximate **5.9% cap rate**. Each spacious 2-bedroom, 1-bath unit is tenant occupied, with tenants paying all utilities except water and trash. **The neighboring duplex at 410-412 E Ave Q-7 is also available for purchase**, creating an excellent opportunity to acquire two side-by-side investment properties. Conveniently located near shopping, schools, and commuter routes with strong rental demand. **Please do not disturb tenants. Drive-by only. Interior inspections available with an accepted offer.

Basic Details
Residential Income
For Sale
SR26153408
$440,000
1957
0.14 Acre
Active
Duplex
Features
: None
: Assigned
: Washer Hookup
: Public Sewer
$0
Address Map
CA
Los Angeles
Palmdale
93550
Avenue Q7
406 408
W119° 52' 38.4''
N34° 34' 50.7''
From Palmdale Blvd., head south on 4th St. E, turn left on E Ave Q-7, and the property will be on the left.
PLM - Palmdale
E
Additional Information
$0
$0
$0
$0
$0
1360
: Street Lights
1
: One
: 0-1 Unit/Acre
2
2026-07-14
1
1
https://youtube.com/shorts/0wiydmkxt5w?is=-VmekuUHpSMcMK7k
https://youtube.com/shorts/0wiydmkxt5w?is=-VmekuUHpSMcMK7k
: Public
Broker/Agent Information
Ethos International Real Estate
Martin Hernandez
Listing Information
SR150561130
SR0304100
Cash, Conventional, 1031 Exchange
Active
2026-07-15T13:18:50Z
CRMLS
: Standard
2026-07-14T10:52:23Z
Agent info
Ray Millman
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