2554 Olive Drive 96, Palmdale, California 93550, Palmdale, 93550 - 1 bed, 1 bath
2554 Olive Drive 96
Palmdale, California 93550
Property Price
SUMMARY
Analysis of 2554 Olive Drive 96, Palmdale, California 93550 is currently available with a list price of $224,999. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1986, this condo has been 'newly renovated' with extensive updates. The listing details and images confirm new flooring throughout, new granite countertops, new stainless steel appliances (stove, dishwasher, microwave), new recessed lighting, new light fixtures, a new bathroom vanity and faucets, and fresh paint. The central AC/heating system is updated with a new smart thermostat. The interior appears virtually new, modern, and move-in ready, aligning perfectly with the 'Excellent' criteria for a recently and extensively renovated property.
PROSSTRENGTHS & OPPORTUNITIES
- Newly Renovated Interior
The condo boasts extensive recent renovations including new flooring, granite countertops, recess lighting, window treatments, stainless steel appliances, new light fixtures, bathroom vanity, faucets, and fresh paint, offering a move-in ready modern aesthetic.
- Gated Community with Amenities
Located within the Monte Vista gated community, residents benefit from 24-hour security, an inviting swimming pool, spa, and additional laundry facilities, enhancing lifestyle and security.
- Modern Comforts
Equipped with central AC and heating, complemented by a new smart thermostat, ensuring year-round climate control and energy efficiency.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =210489, other record lot size in square feet = 210422.
- Compact Living Space
With only 529 square feet, the 1-bedroom, 1-bathroom layout offers limited living space, which may not suit buyers seeking larger accommodations or future expansion.
- Relatively High Association Fee
The $375.0 monthly association fee is substantial for a unit of this size and price point, adding a significant recurring cost to homeownership.
About 2554 Olive Drive 96
Welcome to this newly renovated 1 bed, 1 bath condo in the well known gated community of Monte Vista in Palmdale. This is the perfect starter home for a single person or a young couple or anyone looking to downsize. It offers comfort and a lot of amenities for your buck with new flooring throughout. New granite counter tops, new recess lighting, new window treatments, stainless steel stove, dishwasher and microwave, new light fixtures, new bathroom vanity, new faucets, freshly painted. It also has central AC and Heating with a new smart thermostat and it has its own laundry area with a washer and dryer already in place as well as a private balcony. This community offers 24 hour security, an inviting swimming pool for the hot summer days , spa and additional laundry areas. Its very close to shopping, local transportation and just a few min from the 14 Fwy. Everything you need within a few min. Come take a look and fall in love, do not miss the opportunity to own this little gem in the heart of Palmdale.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- 210,489 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $375.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 25% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 529 | 853 | 25% |
| Lot Size | 210,489 | 65,987 | 88% |
| Price | $225.0K | $261.5K | 25% |
| Price per sq ft | $425 | $315 | 88% |
| Built year | 1986 | 1986 | 50% |
| HOA | $375.0 | $374 | 50% |
| Days on market | 37 | 193 | 13% |
Pricing History
Listed for Sale
Jan 28, 2026
$224,999
Initial Listing
Sold
Nov 5, 2021
$160,000
Public Record
Sold
Jul 21, 2017
$85,000
Public Record
Sold
Aug 10, 2001
$39,000
Public Record
Sold
Jul 28, 1995
$21,000
Public Record