2554 Olive Drive Unit 87
Palmdale, CA 93550
- 2 beds
- 2 baths
- 853 sqft
- ~5 acre lot
- $322 per sqft
- 1986 build
- – on site
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
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Last updated Jan 30, 2025
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MLS# CRSR25021744 —
The Building
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Year Built:1986
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Unit Number:87
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Building Area Units:Square Feet
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Stories:1
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Levels:One Story
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Entry Level:1
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Building Area Total:853
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Building Area Source:Assessor Agent-Fill
Interior
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Fireplace:false
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Fireplace Features:None
Room Dimensions
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Living Area:853
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Living Area Units:Square Feet
Location
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Directions:Front gate for community is off Olive Dr. Unit is
The Property
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Property Type:Residential
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Property Subtype:Condominium
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Parcel Number:3053052438
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Zoning:PDRP
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Lot Size Area:4.8322
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Lot Size Acres:4.8322
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Lot Size SqFt:210489
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Lot Size Units:Acres
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View:None
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View:false
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:9107.15
Beds
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Bedrooms Total:2
Baths
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Total Baths:2
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Full Baths:2
The Listing
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Listing Terms:Cash
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Laundry Features:Laundry Closet
Schools
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High School District:Antelope Valley Union High
The Community
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Association:true
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Association Amenities:Clubhouse
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Association Fee:360
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Association Fee Frequency:Monthly
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Association Fee Includes:Security/Gate Fee
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# of Units In Community:1
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Spa:true
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Pool Private:false
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Pool Features:Spa
Parking
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Garage:false
Monthly cost estimate
Asking price
$274,900
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,472
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| Taxes | N/A |
| Insurance | $75 |
| HOA fees | $360 |
| Utilities | $155 See report |
| Total | $2,062/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/30/25
Jan 30, 2025
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Listed / Active | BRIDGE | $274,900 |
