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2554 Olive Dr APT 55, Palmdale, CA, 93550

1beds
1baths
529sqft
$215,000
$406price/sqft
$1,936/moest. monthly cost
$77,440/yrincome needed

About This Home

This bright and well-maintained lower unit 1-bedroom, 1-bathroom home is located in the gated Monte Vista Community and offers comfortable, convenient living in a desirable setting. The unit features a spacious and inviting living area, an in-unit washer and dryer, a private deck, and one assigned parking space. Residents enjoy access to excellent community amenities, including two swimming pools, two spas, beautifully maintained grounds, and a dedicated dog-walk area. Conveniently located close to shopping, dining, and everyday essentials, this home combines comfort, convenience, and resort-style amenities in a secure gated community.

Getting Around

55
WalkingSomewhat Walkable
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

4/10
2/10
3/10
Palmdale High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 1986

Materials

  • Foundation: Slab
  • Roof: Tile
  • Construction materials: Stucco

Type & Style

  • Home type: Condo
  • Architectural style: Traditional
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Gas Range,Microwave

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Fireplace features: None

Interior Area

  • Total structure area: 529
  • Total interior livable area: 529 sqft

Property

Details

  • Parcel number: 3053052406
  • Zoning: Pdrpd15u

Features

  • Private pool: Yes
  • Pool features: Community,Association
  • Spa features: Community,Association

Lot

  • Lot size: 4.83 Acres

Parking

  • Parking features: Carport
  • Carport: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Heat Wave
    Heat WaveModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Heat Wave
Wildfire

FEMA Declared Disasters in Los Angeles County and California

Earthquake
Fire
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,087$13,044
Home Insurance *$65$780
Property Taxes $386$4,632
Electricity $398$4,786
Total$1,936$23,232
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$66,377/yr
40% on housing$58,080/yr
45% on housing$51,626/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$406This listing

vs Other Active Listings

Avg $/sqft

ZIP 93550$232
Los Angeles County$602

vs Homes Sold Last Month

Median $/sqft

ZIP 93550$300
Los Angeles County$610

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-23Listed for sale$215,000
2020-06-12Listing removed$1,200
2020-06-03Listed for rent$1,200
2012-11-12Listing removed$695
2012-10-14Listed for rent$695

For Sale by Agent

AgentKendra Kuhnhofer-Sanchez
BrokerageKuhnhofer Properties Inc.

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