2554 Olive Drive #74, Palmdale, CA 93550

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
#1
2554 Olive Drive #74,Palmdale, CA 93550
$289,900
  • 2 Beds
  • 2 Baths
  • 853 sq. ft.
  • Single family
  • Active
Listed by:mark mestepey
Office:castlestone properties, inc.
MLS#:SR25021750
Source:SANDICOR

Price summary

  • Price:$289,900
  • Price per sq. ft.:$339.86
  • Monthly HOA dues:$360

About this home

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

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Home facts

  • Year built:1986
  • Listing Id #:SR25021750
  • Added:204 day(s) ago
  • Updated:August 22, 2025 at 02:56 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:853 sq. ft.

Heating and cooling

  • Cooling:Central Forced Air
  • Heating:Forced Air Unit

Structure and exterior

  • Year built:1986
  • Building area:853 sq. ft.

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$289,900
  • Price per sq. ft.:$339.86
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