Listing by: Mark Mestepey, Castlestone Properties, Inc., 818-624-0099
2 Beds
2 Baths
853SqFt
Active
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 $109). 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!
Property Details | ||
---|---|---|
Price | $274,900 | |
Bedrooms | 2 | |
Full Baths | 2 | |
Total Baths | 2 | |
Lot Size Area | 210489 | |
Lot Size Area Units | Square Feet | |
Acres | 4.8322 | |
Property Type | Residential | |
Sub type | Condominium | |
MLS Sub type | Condominium | |
Stories | 1 | |
Exterior Features | Suburban | |
Year Built | 1986 | |
View | None | |
Heating | Central | |
Laundry Features | In Closet | |
Pool features | Community | |
Parking Spaces | 0 | |
Garage spaces | 0 | |
Association Fee | 360 | |
Association Amenities | Pool,Spa/Hot Tub,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 #87, Palmdale, CA 93550 | |
Unit | 87 | |
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 | 3053052438 | |
MLS Area | PLM - Palmdale | |
MLS # | SR25021744 |
This information is believed to be accurate, but without any warranty.