2554 Olive Drive #74
Palmdale, CA 93550
853 sqft | 2 beds | 2 baths | 4.83 acres | #SR25021750
Description
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!
Property Details
- School DistrictAntelope Valley Union
- Sewer InformationPublicSewer
- CountyLos Angeles
- Property SubtypeCondominium
- MLS #SR25021750
- MLS #SR25021750
- Property TypePurchase
- Original List Price$274,900
- Acres4.8322
- Utility SourcePublic
- Cost274900
- Structure TypeHouse
- Year Built1986
- Square Feet853
- Hoa Fees360
- Bedrooms2
- Bathrooms2
- Full Baths2
- Stories1
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Mark Mestepey (#SR150560074)
Listing Office: Castlestone Properties, Inc. (#F6460035)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
