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 $2,095 per month. The tenant moved into the unit in August 2024 and is current on the rent. The unit was thoroughly updated prior to the tenant's move-in with new paint, new carpeting, new kitchen counters and many other new fixtures/features. 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 $49). This condo is on the 2nd floor and has a nice floorplan. Both bedrooms have an en-suite bathroom, the living room is spacious, and there's 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 | $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,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 #74, Palmdale, CA 93550 | |
Unit | 74 | |
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 | 3053052425 | |
MLS Area | PLM - Palmdale | |
MLS # | SR25021750 |
This information is believed to be accurate, but without any warranty.