2554 Olive Drive, #87, Palmdale, CA 93550
-
Listed Price :
$274,900
-
Beds :
2
-
Baths :
2
-
Property Size :
N/A sqft
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Year Built :
1986
Property Description
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 miss out!
Interior Features
| Laundry Information |
| Location(s) |
In Unit |
| Bedroom Information |
| Bedrooms |
2 |
| Bathroom Information |
| Bathrooms |
2 |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
2554 Olive Drive, #87 |
| City |
Palmdale |
| State |
CA |
| Zip |
93550 |
| County |
Los Angeles |
| Listing Agent |
Mark Mestepey DRE #01991537 |
| Courtesy Of |
Castlestone Properties, Inc. |
| List Price |
$274,900 |
| Status |
Active |
| Type |
Residential |
| Subtype |
Condominium |
| Structure Size |
N/A |
| Lot Size |
210,395 |
| Year Built |
1986 |
Listing information courtesy of: Mark Mestepey, Castlestone Properties, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 29th, 2025 at 7:47 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
