3407 Rainbow Lane
San Bernardino, CA, 92346
$230,000
MLS: PW26205742
Beds
2
Baths
1
Sq Ft
882
Lot
0.02 ac
Year Built
1969
MLS #
PW26205742
Days on Market
4
Listed
Sep 21, 2026
Description
***INVESTOR'S DREAM*** Welcome to 3407 Rainbow Lane! This charming condo is now available for sale with good Tenants in. Let your investment work immediately! Tenants are paying $1,950 and their lease ends in April next year. Property is very private, and in great condition. 2 stories well distributed. 2 bedrooms and 1 full bathroom, ample and cozy living space on the first floor that features a nice Kitchen with granite countertops, and enough cabinetry to prepare meals for the family comfortably , energy-efficient dual pane windows to keep the utility bill in check, and a storage closet on the hallway. The nice primary bedroom offers a walk-in closet with extra storage, a vanity mirror, and a makeup counter. Perfect retreat after a long day. This home has easy access to freeway 210, schools, and shopping centers. An additional perk includes a 1 car garage with extra storage space, and access to shared laundry facilities. You do not want to miss this investment opportunity.
Location
San Bernardino, San Bernardino County, CA 92346
Open on Google Maps ↗Listed by: Veronica Montes · Camino Real Realty
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$2,509
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $23,000 · Loan: $207,000
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $1,433
- Property tax (1.25%)
- $240
- Homeowners insurance
- $300
- Mortgage insurance
- $86
- HOA dues
- $450
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 Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
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 San Bernardino home with as little as 3.5% down using an FHA loan — roughly $8,050 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 Highland, CA 92346 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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