CA > Palmdale
Palmdale, CA 93550,2554 Olive DR #87
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Palmdale, CA 93550,2554 Olive DR #87
Palmdale, CA 93550,2554 Olive DR #87
Palmdale, CA 93550,2554 Olive DR #87
Palmdale, CA 93550,2554 Olive DR #87
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Simon Mills

Simon Mills

+1(818) 763-4462
$ 274,900
Est. payment /mo
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2554 Olive DR #87 Palmdale, CA 93550

2 Beds

2 Baths

853 SqFt

UPDATED:

01/30/2025 05:31 AM

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

California Regional MLS (CRMLS)
Listed by Mark Mestepey • Castlestone Properties, Inc. • 818-624-0099
agent

Simon Mills

Broker | License ID: 01309436

+1(818) 763-4462

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2554 Olive DR #87