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 miss out!
Property Details
Price:
$289,900
MLS #:
SR25021744
Status:
Active
Beds:
2
Baths:
2
Address:
2554 Olive Drive 87
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
Cooling
Central Air
Fireplace Features
None
Heating
Central
Exterior
Association Amenities
Pool, Spa/ Hot Tub, Clubhouse, Insurance, Maintenance Grounds, Trash, Sewer, 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 87 Palmdale CA
- AreaPLM – Palmdale
- CityPalmdale
- CountyLos Angeles
- Zip Code93550
Similar Listings Nearby
- 2554 Olive Drive 98
Palmdale, CA$300,000
0.00 miles away
- 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$295,000
0.00 miles away
- 2554 Olive Drive 74
Palmdale, CA$289,900
0.00 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 87
Palmdale, CA
LIGHTBOX-IMAGES