$289,900
Est. payment /mo
2 Beds
2 Baths
853 SqFt
Active
2554 Olive Drive #74 Palmdale, CA 93550
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Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 853 sqft
Price per Sqft $339
MLS Listing ID CRSR25021750
Bedrooms 2
Full Baths 2
HOA Fees $360/mo
HOA Y/N Yes
Year Built 1986
Lot Size 4.832 Acres
Acres 4.8322
Property Sub-Type Condominium
Property Description
Turnkey investment opportunity! This 2+2 condo in the gated Monte Vista HOA is currently rented to a Section 8 tenant at $2,095 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!
Location
State CA
County Los Angeles
Zoning PDRP
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Laundry Closet
Exterior
View Y/N false
View None
Private Pool false
Building
Story 1
Level or Stories One Story
New Construction No
Schools
School District Antelope Valley Union High
Others
Tax ID 3053052425
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Listed by Mark Mestepey • Castlestone Properties, Inc.
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289