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2554 Olive Drive 31, Palmdale, California 93550, Palmdale, 93550 - 1 bed, 1 bath

2554 Olive Drive 31, Palmdale, California 93550 home-pic-0
ACTIVE UNDER CONTRACT$217,000
2554 Olive Drive 31, Palmdale, California 93550
1Bed
1Bath
529Sqft
72,286Lot
Year Built
1986
Close
-
List price
$217K
Original List price
$228K
Price/Sqft
$410
HOA
$373
Days on market
-
Sold On
-
MLS number
SR25199503
Home ConditionFair
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $217.0K(25th), sqft - 529(25th), beds - 1(25th), baths - 1(25th).

Desirable LOWER UNIT nestled in the gated community of Monte Vista offers a spacious living room with an adjacent dining area perfect for entertaining or relaxing in comfort. This well-maintained one-bedroom, one-bath condo features an open floor plan and abundant natural light. Ideal for morning, coffee, or evening unwinding. The kitchen boasts ample cabinetry and counter space, while the primary suite includes a generous closet and en suite bath. Enjoy the convenience of in-unit laundry, central AC, heating, and assigned covered parking. The Monte Vista community offers secure, gated access, beautifully landscaped grounds, and a sparkling pool for residents to enjoy. Located near shopping, dining, schools, and easy freeway access, 2554 Olive Drive number #31 is a fantastic opportunity for first-time, buyers, downsizers, or investors seeking a turnkey property in a Prime Palmdale location.

Price History

Date
Event
Price
10/29/25
Price Change
$217,000+8.5%
10/26/25
Price Change
$200,000-7.0%
10/25/25
Price Change
$215,000-4.7%
10/05/25
Price Change
$225,500-1.1%
09/04/25
Listing
$228,000
Condition Rating
Fair
Built in 1986, this condo is 38 years old. While described as 'well-maintained' and featuring updated laminate flooring, the kitchen clearly shows its age with original-style oak cabinets and dated laminate countertops. Some appliances appear to be newer replacements (stainless steel fridge, black range), but the overall kitchen aesthetic requires a full renovation to meet modern standards. The bathroom was not pictured, but it is likely in a similar condition. The property is functional and livable, but its major components are outdated, fitting the 'Fair' category which describes homes built over 20 years ago with functional but outdated features, maintained through regular upkeep and occasional updates rather than a full renovation.
Pros & Cons

Pros

Gated Community & Amenities: The property is nestled in the secure, gated Monte Vista community, offering residents access to beautifully landscaped grounds and a sparkling pool.
Prime & Convenient Location: Located in a prime Palmdale area, the condo offers easy access to shopping, dining, schools, and major freeways.
Modern Comforts & Features: Equipped with central AC/heating, in-unit laundry, an open floor plan, and ample kitchen cabinetry, providing a comfortable living experience.
Turnkey & Well-Maintained: Described as well-maintained and a fantastic opportunity for a turnkey property, suggesting readiness for immediate occupancy.
Scenic Mountain Views: The property boasts desirable mountain views, enhancing its aesthetic appeal.

Cons

Compact Living Space: With only 529 sqft, the unit offers limited living space, which may restrict appeal to a broader range of buyers.
High Monthly Association Fee: A monthly association fee of $373.0 is a significant recurring cost for a 1-bedroom unit, impacting affordability.
Single Bedroom/Bathroom Configuration: The 1-bedroom, 1-bath layout limits occupancy and flexibility, primarily appealing to individuals or couples.

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