Listing by: Mark Mestepey, Castlestone Properties, Inc., 818-624-0099
1 Beds
1 Bath
529SqFt
Active
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!
Property Details | ||
|---|---|---|
| Price | $224,900 | |
| Bedrooms | 1 | |
| Full Baths | 1 | |
| Total Baths | 1 | |
| Lot Size Area | 211425 | |
| Lot Size Area Units | Square Feet | |
| Acres | 4.8537 | |
| Property Type | Residential | |
| Sub type | Condominium | |
| MLS Sub type | Condominium | |
| Stories | 1 | |
| Exterior Features | Suburban | |
| Year Built | 1988 | |
| View | None | |
| Heating | Central | |
| Laundry Features | In Closet | |
| Pool features | Community | |
| Parking Description | Assigned | |
| Parking Spaces | 0 | |
| Garage spaces | 0 | |
| Association Fee | 360 | |
| Association Amenities | Pool,Clubhouse,Insurance,Maintenance Grounds,Trash,Sewer,Water,Security,Controlled Access | |
Geographic Data | ||
| Directions | Front gate for community is off Olive Dr. Unit is at the west end of the community. | |
| County | Los Angeles | |
| Latitude | 34.555175 | |
| Longitude | -118.083714 | |
| Market Area | PLM - Palmdale | |
Address Information | ||
| Address | 2554 Olive Drive #123, Palmdale, CA 93550 | |
| Unit | 123 | |
| Postal Code | 93550 | |
| City | Palmdale | |
| State | CA | |
| Country | United States | |
Listing Information | ||
| Listing Office | Castlestone Properties, Inc. | |
| Listing Agent | Mark Mestepey | |
| Listing Agent Phone | 818-624-0099 | |
| Attribution Contact | 818-624-0099 | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | Standard | |
| Ownership | Condominium | |
School Information | ||
| District | Antelope Valley Union | |
MLS Information | ||
| Days on market | 0 | |
| MLS Status | Active | |
| Listing Date | Jan 29, 2025 | |
| Listing Last Modified | Jan 30, 2025 | |
| Tax ID | 3053053402 | |
| MLS Area | PLM - Palmdale | |
| MLS # | SR25021742 | |
This information is believed to be accurate, but without any warranty.