CA > Palmdale
Palmdale, CA 93550,2554 Olive Drive #74
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Altie Schmitt

Altie Schmitt

+1(925) 528-8000
Listed by Mark Mestepey • Castlestone Properties, Inc.
$289,900
Est. payment /mo
2 Beds
2 Baths
853 SqFt
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UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 853 sqft

Price per Sqft $339

MLS Listing ID CRSR25021750

Bedrooms 2

Full Baths 2

HOA Fees $360/mo

HOA Y/N Yes

Year Built 1986

Lot Size 4.832 Acres

Property Sub-Type Condominium

Source Datashare California Regional

Property Description

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!

Location

State CA

County Los Angeles

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Laundry Closet

Exterior

Amenities Available Clubhouse, Pool, Gated, Spa/Hot Tub, Other

View None

Private Pool false

Building

Story 1

Water Public

Schools

School District Antelope Valley Union High

Others

HOA Fee Include Security/Gate Fee,Trash,Water/Sewer,Insurance,Maintenance Grounds

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agent

Altie Schmitt

+1(925) 528-8000

Partner at Village Associates | License ID: 00924672

Partner at Village Associates License ID: 00924672

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