#25004505, Raquel Magro, Listing office: Pinnacle Estate Prop. Inc.
#SR25021744·
Listing office: Castlestone Properties, Inc.·
Listing agent: Mark Mestepey·
Listing office phone: 818-624-0099
$289,900 List price
2554 Olive Dr Unit 87 Palmdale, CA 93550
2 beds
2 full
853 sqft
4.8 acres
$340 / sqft
Condo
Property details
About 2554 Olive Dr Unit 87
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 $130). 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!
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Size853 sqft
Lot size4.8322 Acres
Year built1986
MLS #SR25021744
Summary
- Full Bathrooms: 2
- Fireplace: None
- Total Bedroom Count: 2
- Private Pool: No
- Heating: Central
- Cooling: Central Air
- List Price: $289,900
- Price/SqFt: $339
- HOA Amount: $360 Monthly
- Directions: Front gate for community is off Olive Dr. Unit is at the west end of the community.
- Year Built: 1986
- Stories: 1
- Living Area: 853 SqFt
- Lot Size: 4.8322 Acres
- MLS Number: SR25021744
- MLS Name: CRMLS
- Office Name: Castlestone Properties, Inc.
- Office Phone: (818) 624-0099
- Listing Agent: Mark Mestepey
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/23/2025, 6:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
3
Joshua Hills Elementary School
Public District KG-5
0.5 mi
•3030 Fairfield Ave
4
Desert Rose Elementary School
Public District KG-5
0.9 mi
•37730 27th St E
6
Barrel Springs Elementary School
Public District KG-5
1.3 mi
•3636 Ponderosa Way
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $38,611. Most Palmdale, CA residents have annual incomes less than $<35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
47%
<35k
42%
35k-100k
12%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
39%
Single, No Kids
23%
Single, with Kids
16%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
9%
12-17 yrs old
25%
18-34 yrs old
39%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Basketball
Pro Boxing
Where do the neighbors shop?
Burlington
Ross Dress For Less
Big Lots
Where do the neighbors go to eat?
Church's Chicken
Jasons Deli
Popeyes
What do the neighbors drive?
Chevrolet
Acura
Dodge
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits- Urban Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2554 Olive Dr Unit 87
The listing price of 2554 Olive Dr Unit 87 property is $289,900.
The property 2554 Olive Dr Unit 87 is a condo located in Palmdale, California, 93550.
Active Listing: 2554 Olive Dr Unit 87 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2554 Olive Dr Unit 87 are: Joshua Hills Elementary School (GreatSchools Rating 3/10), Desert Rose Elementary School (GreatSchools Rating 4/10), Barrel Springs Elementary School (GreatSchools Rating 6/10), Desert Willow Magnet Academy (GreatSchools Rating 5/10), Cactus Magnet Academy (GreatSchools Rating 3/10), Sage Space Aeronautics Gateway to Exploration Magnet Academy (GreatSchools Rating 2/10), Palmdale High School (GreatSchools Rating 3/10), Palmdale Aerospace Academy (GreatSchools Rating 6/10), Antelope Valley Learning Academy (GreatSchools Rating 3/10).
The property at 2554 Olive Dr Unit 87 has 2 bedrooms and 2 bathrooms.
The property 2554 Olive Dr Unit 87 is 853 SqFt (source: MLS/tax record).
The year of construction for 2554 Olive Dr Unit 87 is 1986.
This home is located at 2554 Olive Dr Unit 87 in Palmdale, CA and zip code 93550. This 853 square foot home, which was built in 1986, sits on a 4.83 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 27, 2025 and is currently priced at $289,900.
While more than 50 listings in Palmdale, CA in June 2025 were sold above asking price, there were more than 31 listings sold at asking price, and more than 44 were sold below. In June 2025 in Palmdale, CA there were 1.1% more homes for sale than in May. The median list price of listings available in June 2025 was $530,000, while the average time on the real estate market was 60 days.
From Rocket Homes Real Estate and based on county public records data.