40145 98th Street
Leona Valley, CA, 93551
$560,000
MLS: 26002758
Beds
3
Baths
2
Sq Ft
1,599
Lot
2.28 ac
Year Built
1928
MLS #
26002758
Days on Market
58
Listed
Apr 14, 2026
Description
Great affordable opportunity in Quiet Leona Valley setting. From the moment you drive up past the Lilacs and step into the home you will notice this well preserved 3 bedroom 2 bath home offers Country Charm with wood beam and pine ceilings, real wood cabinets, Large windows showing valley and mountain views letting in ample natural light. Lower portion of the home offers a large great room space, extra storage room with a bathroom shower combo and laundry room. This is a well laid out 2.24 acre parcel with mature almond and apricot trees and a 25x25 shop that has a loft. There are two water sources here in a private well and municipal Cal Water, Several out buildings offering storage and work space. This is a beautiful home that has been well maintained the same family for over 60 years. Come see what affordability brings in Sleepy Leona Valley.
Location
Leona Valley, Los Angeles County, CA 93551
Open on Google Maps ↗Listed by: Jeff White · Keller Williams Realty A.V.
Payment estimate
$4,286
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $56,000 · Loan: $504,000
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $3,192
- Property tax (1.25%)
- $583
- Homeowners insurance
- $300
- Mortgage insurance
- $210
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 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
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 Leona Valley, 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 Leona Valley home with as little as 3.5% down using an FHA loan — roughly $19,600 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 93551 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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