2554 Olive Drive #123
Palmdale, CA 93550
529 sqft | 1 bed | 1 bath | 4.85 acres | #SR25021742
Description
Turnkey investment opportunity! This 1+1 condo in the gated Monte Vista HOA is currently rented to a Section 8 tenant at $1,695 per month. The tenant has lived in the unit since 2020 and is current on the rent. The rent has been raised over the years, and this provides a great opportunity for an investor to purchase a rental with the tenant already in place at market value. This condo is on the 2nd floor and has a nice floorplan, along with 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!
Property Details
- School DistrictAntelope Valley Union
- Sewer InformationSewerTapPaid
- CountyLos Angeles
- Property SubtypeCondominium
- MLS #SR25021742
- MLS #SR25021742
- Property TypePurchase
- Original List Price$224,900
- Acres4.8537
- Utility SourcePublic
- Cost224900
- Structure TypeHouse
- Year Built1988
- Square Feet529
- Hoa Fees360
- Bedrooms1
- Bathrooms1
- Full Baths1
- Stories1
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Mark Mestepey (#SR150560074)
Listing Office: Castlestone Properties, Inc. (#F6460035)
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