$3,264
closing credit¹
2554 Olive Dr Unit 74 Palmdale, CA 93550
Property details
About 2554 Olive Dr Unit 74
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!
Highlights
Summary
- MLS Number: SR25021750
- 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: 2/2/2025, 6:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$274,900
2554 Olive Dr Unit 74
$3,264
closing credit¹
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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. Residents of Palmdale, CA typically earn less than $<35k each year. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
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
Frequently asked questions
About 2554 Olive Dr Unit 74
This home is located at 2554 Olive Dr Unit 74 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 $274,900.
In January 2025, from all listings sold in Palmdale, CA there were more than 32 sold above asking price, over 27 sold below and more than 13 were sold right at the asked price. The inventory of homes for sale in Palmdale, CA between December and January 2025 increased by 5.6%. Listings spent 55 days on the market in January 2025, and had a median list price of $520,089 during the same period.