2554 Olive Drive, #123

Palmdale, CA 93550

$224,900

List Price

1

bed Beds

1

shower Baths

N/A sqft

straighten / sqft

1988

calendar_month Built

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!

Listing Information

List Price $224,900
Status Active
MLS 25000641
Type Residential
Subtype Condominium
Year Built 1988
Lot Size 211,266
Structure Size N/A
Courtesy Of Castlestone Properties, Inc.
Listing Agent Mark Mestepey DRE#01991537

Interior Features

Laundry Information
Location(s) In Unit
Total Bedroom
Bedrooms 1
Total Bathroom
Bathrooms 1
Fireplace Information
Features None
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Mark Mestepey, Castlestone Properties, Inc. 818-624-0099. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 27th, 2025 at 8:50 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.