Turnkey investment opportunity! This 2+2 condo in the gated Monte Vista HOA is currently rented to a Section 8 tenant at $2,095 per month. The tenant moved into the unit in August 2024 and is current on the rent. The unit was thoroughly updated prior to the tenant’s move-in with new paint, new carpeting, new kitchen counters and many other new fixtures/features. 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 $49). This condo is on the 2nd floor and has a nice floorplan. Both bedrooms have an en-suite bathroom, the living room is spacious, and there’s 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:
$289,900
MLS #:
SR25021750
Status:
Active
Beds:
2
Baths:
2
Address:
2554 Olive Drive 74
Type:
Condo
Subtype:
Condominium
Neighborhood:
plmpalmdale
City:
Palmdale
Listed Date:
Jan 27, 2025
State:
CA
Finished Sq Ft:
853
ZIP:
93550
Lot Size:
210,489 sqft / 4.83 acres (approx)
Year Built:
1986
See this Listing
Mortgage Calculator
Schools
School District:
Antelope Valley Union
Interior
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Heating
Central
Laundry Features
In Closet
Exterior
Association Amenities
Pool, Spa/ Hot Tub, Clubhouse, Insurance, Maintenance Grounds, Trash, Water, Security, Controlled Access
Community Features
Suburban
Parking Spots
0.00
Financial
HOA Name
Monte Vista
Map
Community
- Address2554 Olive Drive 74 Palmdale CA
- AreaPLM – Palmdale
- CityPalmdale
- CountyLos Angeles
- Zip Code93550
Similar Listings Nearby
- 2260 E Avenue Q4 48
Palmdale, CA$299,999
1.96 miles away
- 38710 E 10th Street 12
Palmdale, CA$299,000
2.65 miles away
- 2554 Olive Drive 38
Palmdale, CA$297,500
0.00 miles away
- 2554 Olive Drive 87
Palmdale, CA$289,900
0.00 miles away
- 2554 Olive Drive 22
Palmdale, CA$279,900
0.08 miles away
- 2554 Olive Drive 12
Palmdale, CA$268,000
0.00 miles away
- 2320 E Avenue Q4 58
Palmdale, CA$259,000
1.91 miles away
- 2554 Olive Drive 2
Palmdale, CA$225,000
0.00 miles away
- 2554 Olive Drive 123
Palmdale, CA$224,900
0.00 miles away

2554 Olive Drive 74
Palmdale, CA
LIGHTBOX-IMAGES