2554 Olive Dr Unit 123 Palmdale, CA 93550
East Palmdale NeighborhoodEstimated payment $1,766/month
Total Views
1,212
1
Bed
1
Bath
529
Sq Ft
$425
Price per Sq Ft
Highlights
- Spa
- Clubhouse
- Security Service
- 4.85 Acre Lot
- Living Room
- Controlled Access
About This Home
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!
Listing Agent
Castlestone Properties, Inc. Brokerage Phone: 818-624-0099 License #01991537 Listed on: 01/29/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,915
Year Built
- Built in 1988
HOA Fees
- $360 Monthly HOA Fees
Interior Spaces
- 529 Sq Ft Home
- 1-Story Property
- Living Room
- Laundry Room
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
Parking
- Parking Available
- Assigned Parking
Utilities
- Central Heating and Cooling System
- Sewer Paid
Additional Features
- Spa
- Two or More Common Walls
- Suburban Location
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 44050
- Assessor Parcel Number 3053053402
Community Details
Overview
- Master Insurance
- 200 Units
- Monte Vista Association, Phone Number (661) 257-1570
- Bartlein HOA
- Maintained Community
Amenities
- Clubhouse
Recreation
- Community Pool
- Community Spa
Security
- Security Service
- Controlled Access
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,915 | $92,359 | $9,256 | $83,103 |
| 2023 | $1,895 | $90,549 | $9,075 | $81,474 |
| 2022 | $1,832 | $88,775 | $8,898 | $79,877 |
| 2021 | $1,788 | $87,035 | $8,724 | $78,311 |
| 2020 | $1,767 | $86,144 | $8,635 | $77,509 |
| 2019 | $1,747 | $84,456 | $8,466 | $75,990 |
| 2018 | $1,724 | $82,800 | $8,300 | $74,500 |
| 2016 | $1,557 | $72,000 | $14,400 | $57,600 |
| 2015 | $1,481 | $65,700 | $13,100 | $52,600 |
| 2014 | $1,342 | $53,500 | $10,700 | $42,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | For Sale | $224,900 | 0.0% | $425 / Sq Ft |
| 02/05/2025 02/05/25 | Off Market | $224,900 | -- | -- |
| 01/29/2025 01/29/25 | For Sale | $224,900 | -- | $425 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Trustee Deed | $63,222 | None Available | |
| Grant Deed | $115,000 | Fatcola | |
| Grant Deed | $60,000 | Fidelity |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $65,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $83,700 | New Conventional | |
| Previous Owner | $92,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $42,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Palmdale, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25021742
APN: 3053-053-402
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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