CA > Palmdale
Palmdale, CA 93550,2554 Olive Drive #87
Palmdale, CA 93550,2554 Olive Drive #87
Palmdale, CA 93550,2554 Olive Drive #87
Palmdale, CA 93550,2554 Olive Drive #87
Palmdale, CA 93550,2554 Olive Drive #87
Palmdale, CA 93550,2554 Olive Drive #87
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Your Trusted Experts, Brokered By LPT Realty

Your Trusted Experts, Brokered By LPT Realty

+1(877) 366-2213
Listed by Mark Mestepey • Castlestone Properties, Inc.
$ 289,900
Est. payment | /mo

2 Beds

2 Baths

853 SqFt

Save
$ 289,900
Est. payment | /mo
Save

2 Beds

2 Baths

853 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 853 sqft

Price per Sqft $339

MLS Listing ID CRSR25021744

Bedrooms 2

Full Baths 2

HOA Fees $360/mo

HOA Y/N Yes

Year Built 1986

Lot Size 4.832 Acres

Property Sub-Type Condominium

Source Datashare California Regional

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 $130). 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 mis

Location

State CA

County Los Angeles

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Laundry Closet

Exterior

Amenities Available Clubhouse, Pool, Gated, Spa/Hot Tub, Other

View None

Private Pool false

Building

Story 1

Water Public

Schools

School District Antelope Valley Union High

Others

HOA Fee Include Security/Gate Fee,Trash,Water/Sewer,Insurance,Maintenance Grounds

Bay East AOR and Contra Costa AOR
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Your Trusted Experts, Brokered By LPT Realty

REALTORS® | Lic# CA LIC# 02248983

+1(877) 366-2213

2603 Camino Ramon STE 200, Ramon, CA, 94583, USA

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2554 Olive Drive #87