2554 Olive Drive
Palmdale, CA, 93550
$284,900
MLS: 26001525
Beds
2
Baths
2
Sq Ft
853
Lot
4.85 ac
Year Built
1988
MLS #
26001525
Days on Market
64
Listed
Feb 20, 2026
Description
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.
Location
Palmdale, Los Angeles County, CA 93550
Open on Google Maps ↗Listed by: Carlos Paiz · ENRG Realty, Inc.
Payment estimate
$2,279
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $28,490 · Loan: $256,410
- Principal & Interest
- $1,575
- Property tax (1.25%)
- $297
- Homeowners insurance
- $300
- Mortgage insurance
- $107
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 Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
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 $9,972 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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