2554 Olive DR 87 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 CRSR25021744
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 $2,058 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 $109). 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 mis
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 3053052438
Special Listing Condition Not Applicable