2554 Olive DR 74 new Save Request In-Person Tour Request Virtual Tour
Palmdale,CA 93550
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 853 sqft
Price per Sqft $322
MLS Listing ID CRSR25021750
Bedrooms 2
Full Baths 2
HOA Fees $360/mo
Originating Board California Regional MLS
Year Built 1986
Lot Size 4.832 Acres
Property Description
Turnkey investment opportunity! This 2+2 condo in the gated Monte Vista HOA is currently rented to a Section 8 tenant at $2,095 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!
Location
State CA
County Los Angeles
Area Plm - Palmdale
Zoning PDRPD15U*
Interior
Heating Central Forced Air
Cooling Central AC
Fireplaces Type None
Laundry In Closet
Exterior
Pool Community Facility
View None
Building
Story One Story
Water District - Public
Others
Tax ID 3053052425
Special Listing Condition Not Applicable