2554 Olive Drive
Palmdale, CA, 93550
$290,000
MLS: 26001789
Beds
2
Baths
2
Sq Ft
853
Lot
4.83 ac
Year Built
1986
MLS #
26001789
Days on Market
55
Listed
Mar 2, 2026
Description
Desirable first floor condo in gated Monte Vista community with dual primary suites. Freshly painted with open living/dining layout, granite kitchen countertops, cabinets, newer carpet, and laminate flooring. In-unit laundry hookups with new stackable washer/dryer, private patio, ample storage, and covered parking. Community offers two pools, two spas, dog walk area, and 24-hour gated security. Convenient to freeways, shopping, dining, and public transportation.
Location
Palmdale, Los Angeles County, CA 93550
Open on Google Maps ↗Listed by: Jorge Aguilar · Elevate Real Estate
Payment estimate
$2,314
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $29,000 · Loan: $261,000
- Principal & Interest
- $1,604
- Property tax (1.25%)
- $302
- Homeowners insurance
- $300
- Mortgage insurance
- $109
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 $10,150 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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