2554 Olive Dr Apt 8
Palmdale, CA, 93550
$189,000
MLS: SR26186952
Beds
1
Baths
1
Sq Ft
529
Lot
1.37 ac
Year Built
1986
MLS #
SR26186952
Days on Market
11
Listed
Sep 1, 2026
Description
Welcome to 2554 Olive Drive #8 in Palmdale! This charming upstairs 1-bedroom, 1-bath home offers a great opportunity for first-time buyers, downsizers, or investors looking for an income-producing property. Located inside a gated community with beautifully maintained grounds, this home offers comfort, convenience, and low-maintenance living. The HOA includes security, landscaping, trash, and water, helping simplify monthly expenses and upkeep. Residents also enjoy two community pools, two spas, two laundry rooms conveniently located in the pool and spa areas, and common restrooms in both amenity areas. The functional layout makes excellent use of the space, creating a comfortable and inviting place to call home. Whether you're ready to stop renting, looking for an easy-to-manage residence, or searching for your next investment opportunity, this property offers plenty of potential in a convenient Palmdale location.
Location
Palmdale, Los Angeles County, CA 93550
Open on Google Maps ↗Listed by: Ileana Dominguez · Keller Williams Realty Antelope Valley
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$2,117
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $18,900 · Loan: $170,100
Average 30-yr fixed rate 7.24% as of Oct 29, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $1,159
- Property tax (1.25%)
- $197
- Homeowners insurance
- $300
- Mortgage insurance
- $71
- HOA dues
- $390
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 29, 2026
- 30-year fixed
- 7.24%
- 15-year fixed
- 6.60%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
Palmdale, CA in context
Palmdale fits buyers who want Plant 42 access, west-side foothill streets in 93551, or east-of-the-14 value. The side of town matters more than the city slogan. Anaverde and Rancho Vista share 93551 and do not share the same HOA or tax bill. Central Palmdale is 93550. East Palmdale includes 93552 and 93591. Mike Watson, Keller Williams in Palmdale, DRE #01712313, licensed since 2005, prices those pockets separately. Open the west or east hub first. If Edwards is also in the household, use the two-gate housing guide next to the Plant 42 page. If you are evaluating homes in Palmdale, Mike Watson lives and works the Palmdale market every day. He pairs this listing with a free market analysis for your specific street, an honest read on the financing options that fit (FHA, VA, USDA, CalHFA, conventional, and assumable when the loan supports it), and a side-by-side compare against the rest of the active inventory in the area.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Palmdale home with as little as 3.5% down using an FHA loan — roughly $6,615 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Palmdale, CA 93550 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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