430 W Palmdale, Palmdale, CA 93551
- $8,900,000
- List Price
- $8,900,000
- Price Change
- ▼ $500,000 1780439555
- Status
- ACTIVE
- MLS#
- OC26069946
- Year Built
- 1986
- Lot Size
- 106,120
- Acres
- 2.44
- Lot Location
- 36-40 Units/Acre, Lot Over 40000 Sqft, Level, Over 40 Units/Acre, Near Public Transit, Paved, Walkstreet
- Days on Market
- 119
- Property Type
- Commercial
- Property Sub Type
- Hotel/Motel
Property Description
The Palms Inn & Suites presents a compelling opportunity for Los Angeles County or mission-driven organizations seeking to expand interim or supportive housing solutions. Strategically positioned along a major commercial corridor with convenient access to public transportation, essential services, and regional employment centers, the property is well-suited for adaptive reuse under programs such as Project Homekey. The existing layout, including 117 guest units, on-site management space, and parking for 120 vehicles, allows for efficient conversion to transitional or permanent supportive housing with minimal reconfiguration. Newly installed solar fully paid for. Located within the growing Antelope Valley region, the site offers a lower-density alternative to urban core placements while still maintaining accessibility to county resources. With continued public investment in homelessness solutions, the Palms Inn & Suites stands as a strong candidate for acquisition, repositioning, and long-term community impact.
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Additional Information
- Taxes
- $85,000
- Land Lease
- Yes
- Land Lease Amount
- $11197.35
- Appliances
- Dryer, Washer
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Roof
- Flat, Tile
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 117
- Gross Scheduled Income
- $1,700,000
- Operating Expense
- 700000
Listing courtesy of Listing Agent: Darrell Burns (dburns9731@savient.me) from Listing Office: Savient Financial, Inc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.