2554 Olive, Palmdale, California 93550, Palmdale, 93550 - 2 bed, 2 bath
2554 Olive
Palmdale, California 93550
Property Price
SUMMARY
Analysis of 2554 Olive, Palmdale, California 93550 is currently available with a list price of $289,900. 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
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Conveniently situated near major shopping centers, restaurants, and daily essentials, making it an ideal spot for those seeking a high-convenience lifestyle.
- Enhanced Privacy
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.
- Investment Value
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.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Monthly HOA Dues
The monthly association fee of $387 adds a significant recurring expense that buyers must account for in their overall monthly budget.
- Compact Living Space
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.
About 2554 Olive
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- 211,425 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $387.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| 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 | 65,987 | 88% |
| Price | $289.9K | $270.8K | 75% |
| Price per sq ft | $340 | $315 | 63% |
| Built year | 1988 | 1987 | 63% |
| HOA | $387.0 | $376 | 63% |
| Days on market | 14 | 193 | 13% |
Pricing History
Listed for Sale
Feb 20, 2026
$289,900
Initial Listing