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
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Schools
School District:
Antelope Valley Union
Interior
Cooling
Central Air
Fireplace Features
None
Heating
Central
Exterior
Association Amenities
Pool, Spa/ Hot Tub, Clubhouse, Insurance, Maintenance Grounds, Trash, Water, Security, Controlled Access
Community Features
Suburban
Garage Spaces
0.00
Parking Spots
0.00
Pool Features
Community
Sewer
Public Sewer
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 74 Palmdale CA
- AreaPLM – Palmdale
- CityPalmdale
- CountyLos Angeles
- Zip Code93550
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2554 Olive Drive 74
Palmdale, CA
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