2554 Olive Drive
Palmdale, CA, 93550
$274,900
MLS: 26004126
Beds
2
Baths
2
Sq Ft
853
Lot
4.85 ac
Year Built
1988
MLS #
26004126
Days on Market
0
Listed
May 25, 2026
Description
Beautiful and well maintained second-floor condominium located in a desirable area in Palmdale. This condominium offers a comfortable layout with plenty of natural light and added privacy from its upstairs location. Located in a nice, quiet area, the property is conveniently close to groceries stores, shopping centers, restaurants, and everyday essentials, making daily errands quick and easy. A great opportunity for first-time buyers, downsizing, or for individuals looking for a home in a great neighborhood with strong convenience and appeal.
Location
Palmdale, Los Angeles County, CA 93550
Open on Google Maps ↗Listed by: Alfredo Vanegas · ENRG Realty, Inc.
Payment estimate
$2,255
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $27,490 · Loan: $247,410
- Principal & Interest
- $1,565
- Property tax (1.25%)
- $286
- Homeowners insurance
- $300
- Mortgage insurance
- $103
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 May 21, 2026
- 30-year fixed
- 6.51%
- 15-year fixed
- 5.85%
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 $9,622 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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