2554 Olive, Palmdale, California 93550, Palmdale, 93550 - 2 bed, 2 bath
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Palmdale, California 93550
This Well-Maintained Second-Floor Condominium is listed at $289,900, representing a stable entry point into the Palmdale market relative to its $270,870 Fair Market Value. Boasting a Condition Rating of 4, the interior features updated laminate flooring and a functional layout that is move-in ready. Residents benefit from a City Lights view, a private deck, and community amenities including pools and spas. Located within the Antelope Valley Union High School District and close to major retail hubs, this property offers strong rental appeal and lifestyle convenience. It is an ideal acquisition for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2554 Olive Subject | $284,900* List Price | 2 | 2 | 853 | $316 | - |
A 2554 Olive Drive 116 Sold | $272,500 | 2 | 2 | 853 | $319 | 0.0 mi |
B 2554 Olive Drive 12 Sold | $259,000 | 2 | 2 | 853 | $304 | 0.1 mi |
C 2554 Olive Drive 22 Sold | $278,000 | 2 | 2 | 853 | $326 | 0.1 mi |
D 2554 Olive 101 Pending | $285,000 List Price | 2 | 2 | 853 | $334 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, this condominium is well-maintained and move-in ready but remains largely in its original style. While the living areas feature updated laminate flooring, the kitchen and bathrooms are dated, characterized by white tile countertops, older cabinetry, and white appliances. It meets the 'fair' criteria as a property over 30 years old that has been maintained through regular upkeep but lacks a comprehensive modern renovation.
Conveniently situated near major shopping centers, restaurants, and daily essentials, making it an ideal spot for those seeking a high-convenience lifestyle.
As a second-floor unit in a quiet community, this home offers increased privacy and abundant natural light, creating a bright and inviting living environment.
With a competitive price point for a 2-bedroom, 2-bathroom layout, this property represents a strong opportunity for first-time buyers or investors looking for high rental demand.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =211425, other record lot size in square feet = 43938.
The monthly association fee of $387 adds a significant recurring expense that buyers must account for in their overall monthly budget.
At 853 square feet for a two-bedroom unit, the interior layout may feel somewhat constrained for those requiring larger common areas or extensive storage.
Beautiful second-floor condominium located in a desirable and well-maintained community in Palmdale. This bright and inviting unit offers a comfortable layout with plenty of natural light and added privacy from its upstairs location. Situated in a nice, quiet area, the property is conveniently close to market stores, shopping centers, restaurants, and everyday essentials, making daily errands quick and easy. An excellent opportunity for first-time buyers, downsizing, or investors looking for a home in a great location 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 | 30,619 | 80% |
| Price | $284.9K | $268.2K | 70% |
| Price per sq ft | $334 | $312 | 60% |
| Built year | 1988 | 1988 | 50% |
| HOA | $387.0 | $382 | 50% |
| Days on market | 61 | 164 | 10% |
Apr 8, 2026
$284,900
$289,900
-2% Price Drop
Initial Listing
Feb 20, 2026
$289,900
Initial Listing