2554 Olive Drive #123, Palmdale, CA 93550 - MLS#SR25021742

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Anthony Napoli

Hunter & Maddox International Inc

realestate@anthonynapoli.com +1(619) 750-3558

$224,900

Est. payment - /mo

1 Bed

1 Bath

529 SqFt

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UPDATED:

01/30/2025 02:11 PM

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

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Listed by Mark Mestepey • Castlestone Properties, Inc.

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Anthony Napoli

+1(619) 750-3558

Agent | License ID: 01311452

Agent License ID: 01311452

2554 Olive Drive #123 Palmdale, CA 93550

Anthony Napoli

Key Details

Location

Interior

Exterior

Building

Others

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