41120 W 15th Street
Palmdale, CA, 93551
$399,000
MLS: 26004343
Beds
2
Baths
1
Sq Ft
768
Lot
1.25 ac
Year Built
1950
MLS #
26004343
Days on Market
1
Listed
Jun 3, 2026
Description
FIXER • FLIPPER • DEVELOPER OPPORTUNITY Attention investors, builders, and cash buyers! This 2-bedroom, 1-bath home sits on approximately 1.25 acres in desirable El Dorado Ranches and offers exceptional upside potential. With paved street access--a rarity for acreage properties in the area--this property presents a unique opportunity to unlock value through renovation, expansion, redevelopment, or new construction. The existing home requires repairs and updates and is not expected to qualify for conventional, FHA, VA, or other traditional financing. Cash offers only. Whether you're looking to restore and improve the current residence, expand the existing footprint, create a multi-generational living setup, possibly add a larger home and convert this home to an ADU (subject to approval), or build your dream home while retaining the existing structure, this property offers flexibility that is increasingly difficult to find. Conveniently located near shopping, dining, the Antelope Valley Mall, schools, and freeway access, yet offering the space and privacy of acreage living. Large, in-town parcels with paved road frontage are becoming increasingly scarce, making this a compelling opportunity for investors and owner-users alike. Property sold strictly as-is. Do not disturb occupants. Drive-by viewing only. Buyer to independently verify zoning, development potential, lot usage, utilities, permits, and all aspects of the property to their satisfaction. Bring your vision and creativity--properties offering this combination of acreage, paved access, location, and future potential rarely come available.
Location
Palmdale, Los Angeles County, CA 93551
Open on Google Maps ↗Listed by: Ryan McCarty · LPT Realty
Payment estimate
$3,142
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $39,900 · Loan: $359,100
- Principal & Interest
- $2,277
- Property tax (1.25%)
- $416
- Homeowners insurance
- $300
- Mortgage insurance
- $150
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of May 28, 2026
- 30-year fixed
- 6.53%
- 15-year fixed
- 5.87%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
Palmdale, CA in context
Palmdale runs the gamut from the foothill estates of West Palmdale (93551) — Rancho Vista, Anaverde, and the desirable hill-side communities — to the value-priced newer construction of East Palmdale (93552). Central Palmdale (93550) covers the original part of the city and the Civic Center, and 93591 picks up the Llano border. Active listings across all four ZIPs are below. If you are evaluating homes in Palmdale, Mike Watson lives and works the Palmdale market every day. He pairs this listing with a free market analysis for your specific street, an honest read on the financing options that fit (FHA, VA, USDA, CalHFA, conventional, and assumable when the loan supports it), and a side-by-side compare against the rest of the active inventory in the area.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Palmdale home with as little as 3.5% down using an FHA loan — roughly $13,965 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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