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!
For sale
Price increase: $15K (7/17)
$289,900
2554 Olive Dr APT 74, Palmdale, CA 93550
2beds
853sqft
Est.:
Condominium
Built in 1986
-- sqft lot
$-- Zestimate®
$340/sqft
$-- HOA
What's special
Large balcony
- 41 days
- on Zillow |
- 301 |
- 4 |
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#: 25000639

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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