Turnkey investment opportunity! This 1+1 condo in the gated Monte Vista HOA is currently rented to a Section 8 tenant at $1,695 per month. The tenant has lived in the unit since 2020 and is current on the rent. The rent has been raised over the years, and this provides a great opportunity for an investor to purchase a rental with the tenant already in place at market value. This condo is on the 2nd floor and has a nice floorplan, along with a large balcony off the living room. It also has in-unit washer/dryer connections. The Monte Vista condo community is gated and well-managed, with amenities such as community pools, clubhouse, and on-site security. The HOA covers water and trash service, as well. This condo is well-suited to an investor looking for a 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!
Property Details
Price:
$224,900
MLS #:
SR25021742
Status:
Active
Beds:
1
Baths:
1
Address:
2554 Olive Drive 123
Type:
Condo
Subtype:
Condominium
Neighborhood:
plmpalmdale
City:
Palmdale
Listed Date:
Jan 27, 2025
State:
CA
Finished Sq Ft:
529
ZIP:
93550
Lot Size:
211,425 sqft / 4.85 acres (approx)
Year Built:
1988
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Schools
School District:
Antelope Valley Union
Interior
Cooling
Central Air
Fireplace Features
None
Heating
Central
Exterior
Association Amenities
Pool, Clubhouse, Insurance, Maintenance Grounds, Trash, Sewer, Water, Security, Controlled Access
Community Features
Suburban
Garage Spaces
0.00
Parking Features
Assigned
Parking Spots
0.00
Pool Features
Community
Sewer
Sewer Paid
Spa Features
Community
Stories Total
1
View
None
Water Source
Public
Financial
Association Fee
360.00
HOA Name
Monte Vista
Map
Community
- Address2554 Olive Drive 123 Palmdale CA
- AreaPLM – Palmdale
- CityPalmdale
- CountyLos Angeles
- Zip Code93550
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2554 Olive Drive 123
Palmdale, CA
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