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.
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