1805 Rainbow Terrace Lane
Montebello, CA, 90640
(No pictures available yet)
$599,000
MLS: P1-26990
Beds
3
Baths
2
Sq Ft
1,500
Lot
5.87 ac
Year Built
1977
MLS #
P1-26990
Days on Market
1
Listed
May 5, 2026
Description
Incredible opportunity for a move-in ready townhome in prime Mountain View Terrace! With three bedrooms, two bathrooms, and one of the largest floor plans in the community, this home is a dream come true. Elevated from street level, a formal entry with dual closets ushers you into a light-filled, open living space complete with a brick fireplace, balcony, dining area, and panoramic views. The generous kitchen is outfitted with abundant counter space and storage. The main level also features a large bedroom with a walk-in closet, ideal as a den or home office, with direct access to a spacious patio. An impressive bath is also on the main level with a granite-topped vanity and an oversized shower with frosted glass doors. Upstairs are two additional bedrooms and a newly updated bath. Laundry is conveniently located in the attached two-car garage, offering excellent storage. Additional highlights include: central air/heat, upgraded electrical panel, and newer flooring on the stairways and upstairs bedrooms. Enjoy wonderful community amenities including a sparkling pool, abundant guest parking, and lush grassy areas. Conveniently located with easy freeway access and a variety of nearby shopping and dining options, you'll love calling this special place home!
Location
Montebello, Los Angeles County, CA 90640
Open on Google Maps ↗Listed by: Hazel Perera · Berkshire Hathaway Home Servic
Payment estimate
$4,510
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $59,900 · Loan: $539,100
- Principal & Interest
- $3,362
- Property tax (1.25%)
- $624
- Homeowners insurance
- $300
- Mortgage insurance
- $225
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 7, 2026
- 30-year fixed
- 6.37%
- 15-year fixed
- 5.72%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Montebello home with as little as 3.5% down using an FHA loan — roughly $20,965 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 Montebello, CA 90640 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
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