2554 Olive Drive
Palmdale, CA, 93550
$289,000
MLS: 26002855
Beds
2
Baths
2
Sq Ft
853
Lot
4.83 ac
Year Built
1986
MLS #
26002855
Days on Market
49
Listed
Apr 9, 2026
Description
Come see this beautifully maintained 2-bedroom, 2-bathroom 853 sq ft condominium in the gated Monte Vista community! This upper-level unit features a spacious balcony and 2 primary bedrooms each with it's own ensuite bathroom. Enjoy the convenience of in-unit laundry with stackable washer/dryer included. New HVAC installed. With Blink doorbell and keyless smart lock entry on both the security screen door and front door. One assigned covered parking space. Community features a park-like setting with 2 pools, 2 spas, dog walk area, and 24-hour gated security. Easy access to the 14 Fwy, shopping, and dining. This home is a must-see!
Location
Palmdale, Los Angeles County, CA 93550
Open on Google Maps ↗Also listed on CRMLS · MLS# SR26076122
Listed by: David Manguramas · Coldwell Banker-A Hartwig Co.
Payment estimate
$2,350
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $28,900 · Loan: $260,100
- Principal & Interest
- $1,641
- Property tax (1.25%)
- $301
- Homeowners insurance
- $300
- Mortgage insurance
- $108
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 Jun 4, 2026
- 30-year fixed
- 6.48%
- 15-year fixed
- 5.79%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
Palmdale, CA in context
Palmdale runs the gamut from the foothill estates of West Palmdale (93551) — Rancho Vista, Anaverde, and the desirable hill-side communities — to the value-priced newer construction of East Palmdale (93552). Central Palmdale (93550) covers the original part of the city and the Civic Center, and 93591 picks up the Llano border. Active listings across all four ZIPs are below. 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 $10,115 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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