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430 Palmdale, Palmdale, CA 93551
Priced at Only: $9,400,000
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Address: 430 Palmdale, Palmdale, CA 93551
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  • MLS#: OC26069946 ( Hotel/Motel )
  • Street Address: 430 Palmdale
  • Viewed: 3
  • Price: $9,400,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 0
  • Days On Market: 8
  • Additional Information
  • County: LOS ANGELES
  • City: Palmdale
  • Zipcode: 93551
  • Provided by: Savient Financial, Inc.
  • Contact: Darrell Darrell
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Accountingtype
  1. Actual
Assetclass
  1. Hotel/Motel
Building Area Total
  1. 31725.00
Building Features
  1. Elevators
Commoninterest
  1. None
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Current Financing
  1. Government Loan
Electric
  1. 220 Volts For Spa
Electric Expense
  1. 80000.00
Fencing
  1. Block
  2. Chain Link
  3. Good Condition
Heating
  1. Wall Furnace
Insurance Expense
  1. 50000.00
Land Use
  1. Other
Laundry Equipment Own Lease
  1. Own
Laundry Features
  1. Inside
  2. Gas Dryer Hookup
  3. Individual Room
  4. Electric Dryer Hookup
  5. Gas & Electric Dryer Hookup
  6. Community
  7. Washer Hookup
  8. Washer Included
  9. Dryer Included
Netoperatingincome
  1. 1000000.00
Parcel Number
  1. 3004002014
Property Type
  1. Hotel/Motel
Residentmanagerexpense
  1. 36000.00
Roof
  1. Tile
  2. Flat
Security Features
  1. Resident Manager
Suppliesexpense
  1. 50000.00
Totalexpenses
  1. 100000.00
Trash Expense
  1. 3600.00
Uncovered Spaces
  1. 120.00
Utilities
  1. Phone Available
  2. Underground Utilities
  3. Electricity Connected
  4. Electricity Available
  5. Sewer Available
  6. Water Connected
  7. Cable Connected
  8. Cable Available
  9. Water Available
  10. Sewer Connected
Water Sewer Expense
  1. 24000.00
Water Source
  1. Public
Year Built
  1. 1986
Year Built Source
  1. Assessor
Zoning
  1. Commercial C2
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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