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2554 Olive Drive Unit 74

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 $2,095 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!

Listed By CRMLS_CA / Mark Mestepey / Castlestone Properties, Inc. / 818-624-0099

Last checked: Checking… • Last updated Jan 30, 2025 •

MLS# SR25021750 —

The Building

Year Built:

1986
Year Built Source:

Assessor
New Construction:

No
Total Number Of Units:

1
Unit Number:

74
Structure Type:

House
Stories Total:

1
Entry Level:

2
Common Walls:

2+ Common Walls

Interior

Levels:

One
Entry Location:

2nd floor
Room Type:

Living Room
Living Area Units:

Square Feet
Living Area Source:

Assessor
Fireplace:

No
Fireplace:

None
Laundry:

In Closet
Laundry:

1

Room Dimensions

Living Area:

853.00

Location

Directions:

Front gate for community is off Olive Dr. Unit is at the west end of the community.
Latitude:

34.55517500
Longitude:

-118.08371400

The Property

Property Type:

Residential
Subtype:

Condominium
Zoning:

PDRPD15U*
Lot Size Area:

210489.0000
Lot Size Acres:

4.8322
Lot Size SqFt:

210489.00
Lot Size Source:

Assessor
View:

None
Property Attached:

1
Additional Parcels:

No
Land Lease:

No
Lease Considered:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

9107.15
Tax Tract:

44050
Tax Lot:

2

Beds

Total Bedrooms:

2
Main Level Bedrooms:

2

Baths

Total Baths:

2
Full & Three Quarter Baths:

2
Main Level Baths:

2
Full Baths:

2

The Listing

Special Listing Conditions:

Standard
Parcel Number:

3053052425

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

High School District:

Antelope Valley Union

The Community

Units in the Community:

200
Features:

Suburban
Association Amenities:

Pool, Spa/Hot Tub, Clubhouse, Insurance, Maintenance Grounds, Trash, Water, Security, Controlled Access
Association:

Monte Vista
Association:

Yes
Association Fee:

$360
Association Fee Frequency:

Monthly
Pool:

Community
Senior Community:

No
Spa:

1
Private Pool:

No
Spa Features:

Community
Assessments:

Yes
Assessments:

Unknown

Monthly cost estimate

Asking price

$274,900

Expense	Monthly cost
Mortgage	$1,472
Taxes	N/A
Insurance	$75
HOA fees	$360
Utilities	$155 See report
Total	$2,062/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
1/29/25 Jan 29, 2025	Listed / Active	CRMLS_CA	$274,900

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This condo located in Joshua Hills, Palmdale, CA 93550 is currently for sale for $274,900. 2554 Olive Drive Unit 74 is a 853 square foot condo with 2 beds and 2 baths that has been on Estately for 0 days. 2554 Olive Drive Unit 74 is in the Joshua Hills neighborhood of Palmdale and has a WalkScore® of 56, making it somewhat walkable. This condo is in the attendance area of Desert Willow Intermediate School, Joshua Hills Elementary School, and Palmdale High School.

Listing Courtesy of: CRMLS_CA and Castlestone Properties, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 22:18 on Jan 29.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.