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1045 Elizabeth Lake Road

Palmdale, CA 93551
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Bed 3

Bed

Bath 2

Bath

SqFt1,183

Sqft

SqFt10,454.40

Sqft(Lot)

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 possibili ties 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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Detail Ic Property Details

Property Type : Residential

Price : $499,990

AD Id : 88636455

MLS Id : SR26155533

Beds : 3

Lot Size : 10,454.40 Sqft

Living Area Size : 1,183

Year Built : 1950

Garage : 1

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 2 Full Baths: 2
  • Interior Features

    Appliances: GasRange
    Laundry Features: Inside
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: EvaporativeCooling

  • Building Information

    Year Built: 1950
    Stories: 1
    Pool Features: None
    Private Pool: No
    View: Neighborhood

  • Lot Information

    Main Square Feet: 10454.4 Lot Size Acres: 0.24 Lot Size Source: Assessor Lot Size Square Feet: 10,454 Lot Description: ZeroToOneUnitAcre,RectangularLot

  • Listing Price Information

    Listing Price: $499990
    Cash, Conventional

  • Tax Information

    Parcel Number: 3003009005 Tax Lot: 6

  • Parking Information

    Parking Total: 1

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 1

  • Utility Information

    ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
  • Location Information

    Direction: From the CA-14 Freeway North, take the Palmdale Boulevard exit, head west on Palmdale Boulevard to Elizabeth Lake Road. Property is the second house on the right hand side passing the dentist office. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1234 Willington Drive, Palmdale, CA, 93551 $649,988 6 4 3,165 3,165 SqFt
39943 Penina, Palmdale, CA, 93551 $650,000 4 2 1,942 1,942 SqFt
333 Fantasy, Palmdale, CA, 93551 $549,000 4 2 1,942 1,942 SqFt
310 Susan Court, Palmdale, CA, 93551 $560,000 3 3 2,522 2,522 SqFt
433 Fairway Drive, Palmdale, CA, 93551 $675,000 5 1 2,754 2,754 SqFt
39752 Makin, Palmdale, CA, 93551 $669,000 4 3 2,925 2,925 SqFt
38350 San Mateo Avenue, Palmdale, CA, 93551 $499,900 4 3 1,965 1,965 SqFt
41050 13th Street W, Palmdale, CA, 93551 $739,000 4 4 2,868 2,868 SqFt
337 Morningside Terrace, Palmdale, CA, 93551 $649,900 5 3 2,604 2,604 SqFt
435 Questa Court, Palmdale, CA, 93551 $498,999 5 3 2,309 2,309 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/03/2026 @ 00:58

MLS: SR26155533 LISTED BY: Esperanza Marroquin, Marro Real Estate, Inc. 661-951-7877 SOURCE: CRMLS

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