2554 Olive DR #123 new Save Request In-Person Tour Request Virtual Tour
Palmdale,CA 93550
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 529 sqft
Price per Sqft $425
MLS Listing ID SR25021742
Bedrooms 1
Full Baths 1
Condo Fees $360
HOA Fees $360/mo
HOA Y/N Yes
Year Built 1988
Lot Size 4.854 Acres
Property 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!
Location
State CA
County Los Angeles
Area Plm - Palmdale
Zoning PDRPD15U*
Rooms
Main Level Bedrooms 1
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Laundry Closet
Exterior
Parking Features Assigned
Pool Community,Association
Community Features Suburban,Pool
Amenities Available Clubhouse,Controlled Access,Maintenance Grounds,Insurance,Pool,Security,Trash,Water
View Y/N No
View None
Private Pool No
Building
Dwelling Type House
Story 1
Entry Level One
Sewer Sewer Tap Paid
Water Public
Level or Stories One
New Construction No
Schools
School District Antelope Valley Union
Others
HOA Name Monte Vista
HOA Fee Include Sewer
Senior Community No
Tax ID 3053053402
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard