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For sale
  • Price increase: $15K (7/17)
    $289,900

    2554 Olive Dr APT 74, Palmdale, CA 93550

    2beds
    853sqft
    : 
    Condominium
    Built in 1986
    -- sqft lot
    $-- Zestimate®
    $340/sqft
    $-- HOA

    What's special

    Large balcony
    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!
    41 days
    on Zillow
    |
    301
    |
    4
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    Zillow last checked: 7 hours ago

    Listing updated: July 16, 2025 at 05:18pm

    Listed by:

    Mark Mestepey DRE #01991537 818-624-0099,

    Castlestone Properties, Inc.

    Source: GAVAR,MLS#: 25000639MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 2554 Olive Dr APT 74.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Microwave
    Features
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 853
    • Total interior livable area: 853 sqft

    Property

    Features
    • Stories: 1
    • Has private pool: Yes
    • Pool features: Community, Association
    • Spa features: Community, Association
    Lot
    • Size: 4.83 Acres
    Details
    • Parcel number: 3053052425
    • Zoning: Pdrpd15u

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Traditional
    • Property subtype: Condominium
    Materials
    • Frame
    • Foundation: Slab
    • Roof: Tile
    Condition
    • Year built: 1986

    Utilities & green energy

    • Water: Public
    • Utilities for property: Natural Gas Available, Sewer Connected

    Community & HOA

    Community
    • Security: Gated Community
    HOA
    • Has HOA: Yes
    • Services included: Security, Water, Spa, Roof Maintenance, Recreation Building, Laundry Facility, Insurance, Greenbelt/Park, Maintenance Structure, Pool
    Location
    • Region: Palmdale

    Financial & listing details

    • Price per square foot: $340/sqft
    • Tax assessed value: $57,302
    • Annual tax amount: $1,539
    • Date on market: 7/17/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: 1031 Exchange,Cash,Conventional
    • Road surface type: Paved
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