2554 Olive Drive #123 new Save Request In-Person Tour Request Virtual Tour
Palmdale,CA 93550
Key Details
Property Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 529 sqft
Price per Sqft $425
MLS Listing ID SR25021742
Style All Other Attached
Bedrooms 1
Full Baths 1
HOA Fees $360/mo
HOA Y/N Yes
Year Built 1988
Lot Size 4.854 Acres
Acres 4.8537
Property Description
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!
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!
Location
State CA
County Los Angeles
Area Palmdale (93550)
Zoning PDRPD15U*
Interior
Cooling Central Forced Air
Laundry Closet Full Sized
Exterior
Parking Features Assigned
Pool Community/Common
Building
Story 1
Sewer Sewer Paid
Water Public
Level or Stories 1 Story
Others
Monthly Total Fees $360
Miscellaneous Suburban
Acceptable Financing Cash,Conventional,Exchange
Listing Terms Cash,Conventional,Exchange
Special Listing Condition Standard