2554 Olive Drive 188, Palmdale, California 93550, Palmdale, 93550 - 2 bed, 2 bath
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Palmdale, California 93550
This Condominium presents a High-Potential Investment Opportunity with a List Price of $274,900—positioned above the $259,854 Fair Market Value by -5%. While the property requires cosmetic updates to its Condition Rating of 4, it offers a functional layout with City Lights views and access to a pool and spa. Its prime location near essential shopping and services provides strong rental demand. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity through strategic interior modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2554 Olive Drive 188 Subject | $274,900* List Price | 2 | 2 | 853 | $305 | - |
A 2554 Olive 101 Sold | $285,000 | 2 | 2 | 853 | $334 | 0.1 mi |
B 2554 Olive Drive 116 Sold | $272,500 | 2 | 2 | 853 | $319 | 0.1 mi |
C 2554 Olive 82 Active | $289,000 List Price | 2 | 2 | 853 | $339 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988 (38 years old), the property is well-maintained but remains largely dated with original-style white cabinetry, laminate countertops, and carpeted vanity areas. While functional and move-in ready, it requires cosmetic updates to the kitchen and bathrooms to meet modern standards.
The property is ideally situated near major shopping centers, grocery stores, and restaurants, offering exceptional convenience for daily errands and lifestyle needs.
As a second-floor unit, this condominium offers superior privacy from street-level traffic and benefits from an abundance of natural light throughout its layout.
Priced competitively under $275,000, this well-maintained 2-bedroom home represents an excellent entry-level opportunity for first-time buyers or investors in the Palmdale area.
The association fee of $387 per month is relatively high compared to the listing price, which may impact the overall affordability and monthly budget for some buyers.
With only 853 square feet to accommodate two bedrooms and two bathrooms, the interior living areas may feel restrictive for those accustomed to more spacious layouts.
Beautiful and well maintained second-floor condominium located in a desirable area in Palmdale. This condominium offers a comfortable layout with plenty of natural light and added privacy from its upstairs location. Located in a nice, quiet area, the property is conveniently close to groceries stores, shopping centers, restaurants, and everyday essentials, making daily errands quick and easy. A great opportunity for first-time buyers, downsizing, or for individuals looking for a home in a great neighborhood with strong convenience and appeal.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 853 | 853 | 50% |
| Lot Size | 211,425 | 36,908 | 75% |
| Price | $274.9K | $273.7K | 50% |
| Price per sq ft | $322 | $321 | 50% |
| Built year | 1988 | 1988 | 50% |
| HOA | $387.0 | $387 | 50% |
| Days on market | 11 | 170 | 13% |
May 26, 2026
$274,900
Initial Listing
Apr 4, 2024
$270,000
Public Record
Nov 3, 2021
$211,000
Public Record
Nov 14, 2011
$48,500
Public Record
Sep 19, 2002
$72,500
Public Record
May 24, 2001
$62,500
Public Record
Jun 1, 1998
$44,000
Public Record