2554 Olive Dr Apt 8, Palmdale, California 93550, Palmdale, 93550 - 1 bed, 1 bath
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2554 Olive Dr Apt 8
Palmdale, California 93550
ACTIVE
CONDITION: FAIR
1Beds
1Baths
529Sq Ft
59,708Lot Size
Property Price
LIST PRICE$189,000
SUMMARY
Analysis of 2554 Olive Dr Apt 8, Palmdale, California 93550 is currently available with a list price of $189,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Palmdale Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1986 (38 years old), the property falls into a dated category. While it features some cosmetic updates such as laminate wood-look flooring and neutral paint, the bathroom vanity and vinyl flooring appear original or dated. The unit is functional and move-in ready but lacks the comprehensive modern renovations required for a higher rating.
PROSSTRENGTHS & OPPORTUNITIES
- Entry-Level Affordability
Priced at $189,000, this property represents a highly accessible entry point into the California real estate market, making it an excellent opportunity for first-time buyers or budget-conscious investors.
- Gated Community Amenities
The home is situated within a secure gated community featuring beautifully maintained grounds and desirable amenities, offering a level of safety and lifestyle convenience often missing at this price point.
- Low-Maintenance Appeal
The compact 529-square-foot layout and condominium structure provide a functional, easy-to-manage living space that minimizes upkeep costs and time for the owner.
CONSRISKS & DEFICIENCIES
- High HOA-to-Price Ratio
The monthly association fee of $395 is relatively high compared to the mortgage payment at this price level, which may impact the overall monthly affordability and investor cap rates.
- Limited Square Footage
At only 529 square feet, the unit offers very limited living and storage space, which may restrict the pool of potential buyers to single occupants or couples.
About 2554 Olive Dr Apt 8
Welcome to 2554 Olive Drive #8 in Palmdale! This charming upstairs 1-bedroom, 1-bath home offers a great opportunity for first-time buyers, downsizers, or investors looking for an income-producing property. Located inside a gated community with beautifully maintained grounds, this home offers comfort, convenience, and low-maintenance living. The HOA includes security, landscaping, trash, and water, helping simplify monthly expenses and upkeep. Residents also enjoy two community pools, two spas, two laundry rooms conveniently located in the pool and spa areas, and common restrooms in both amenity areas. The functional layout makes excellent use of the space, creating a comfortable and inviting place to call home. Whether you're ready to stop renting, looking for an easy-to-manage residence, or searching for your next investment opportunity, this property offers plenty of potential in a convenient Palmdale location.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- 59,708 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $395.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 2.3 |
| Square foot | 529 | 1,439.667 |
| Lot Size | 59,708 | 198,272.333 |
| Price | $189.0K | $309.4K |
| Price per sq ft | $357 | $246 |
| Built year | 1986 | 1985 |
| HOA | $395.0 | $389 |
| Days on market | 8 | 73 |
Pricing History
Listed for Sale
Sep 1, 2026
$189,000
Initial Listing
Sold
May 10, 2017
$91,000
Public Record
Sold
Jun 29, 2016
$72,000
Public Record
Sold
Jun 4, 2007
$127,000
Public Record
Sold
Aug 26, 2004
$85,000
Public Record