2554 Olive DR #87 new Save Request In-Person Tour Request Virtual Tour
Palmdale,CA 93550
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 853 sqft
Price per Sqft $322
MLS Listing ID SR25021744
Bedrooms 2
Full Baths 2
Condo Fees $360
HOA Fees $360/mo
HOA Y/N Yes
Year Built 1986
Lot Size 4.832 Acres
Property Description
Turnkey investment opportunity! This 2+2 condo in the gated Monte Vista HOA is currently rented to a Section 8 tenant at $2,058 per month. The tenant moved into the unit in October 2024 and is current on the rent. The unit was thoroughly updated in 2021 with new kitchen cabinets, quartz counters, LVP flooring, stainless appliances (including refrigerator and washer/dryer machines), and more. The unit was also re-painted in 2024, new carpeting was installed, and other repairs were made. This provides a great opportunity for an investor to purchase a rental with the tenant already in place at market value, and with a large percentage of the rent being covered by the Housing Authority (tenant's portion is currently $109). This condo is on the ground floor and has a nice floorplan. Both bedrooms have an en-suite bathroom, the living room is spacious, and there's a large patio area off the living room. The Monte Vista condo community is gated and well-managed, with amenities such as community pools, clubhouse, and on-site security. The HOA provides water and trash service, as well. This condo is well-suited to an investor looking for a nicely updated rental that provides immediate cash-flow at a low price, without having to hassle with move-in repairs or the leasing process. Don't miss out!
Location
State CA
County Los Angeles
Area Plm - Palmdale
Zoning PDRPD15U*
Rooms
Main Level Bedrooms 2
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Laundry Closet
Exterior
Pool Community,Association
Community Features Suburban,Pool
Amenities Available Clubhouse,Controlled Access,Maintenance Grounds,Insurance,Pool,Spa/Hot Tub,Security,Trash,Water
View Y/N No
View None
Private Pool No
Building
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Antelope Valley Union
Others
HOA Name Monte Vista
HOA Fee Include Sewer
Senior Community No
Tax ID 3053052438
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard