2554 Olive Drive 123
Palmdale, CA 93550 • 1 Bed • 1 Bath • 529 sq.ft.

Property summary

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!

Days on market: 8

Listing updated: July 17, 2025 - 01:26:07

Property details

Property ID
SR25021742
Size
529 sq.ft.
Home Type
Residential
Year Built
1988
Property Size
4.8537 acres
Garage
0
Levels
1
Spa
Community
Patio
No
Basement
No
View
None
Pool
Community, Association

Listed by: Mark Mestepey DRE #01991537 818-993-0099, Castlestone Properties, Inc. - Southland

Source: Southland, MLS#: F6460035 Originating MLS: CRMLS

Interior information

Rooms
Living Room
Bathrooms
1
Kitchen
N/A
Cooling
Central Air
Heating
Central
Flooring
N/A
Laundry
Laundry Closet
$224,900
Property price
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-08-10 13:46:18 PST 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. Properties may or may not be listed by the office/agent presenting the information.

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