(No pictures available yet)
$630,000
MLS: PW26088745
Beds
3
Baths
2
Sq Ft
1,363
Lot
—
Year Built
1981
MLS #
PW26088745
Days on Market
7
Listed
May 4, 2026
Description
Well maintained by the same owner for nearly 30 years, this spacious three-bedroom, two-bath condominium in the gated community of Drake Terrace offers potential for updates and customization. Surrounded by lush trees, hillside greenery, and nearby parks, the residence blends timeless living with a serene natural setting. Situated on the third floor, the home features a bright and open layout with a welcoming atmosphere. The expansive living room includes a fireplace and direct access to a large balcony shared with the primary suite. A kitchen with its own dining space and in-unit washer/dryer hookups provide daily convenience, while HOA-approved laminate flooring creates a clean and low-maintenance living environment. With three generously sized bedrooms, there is ample space for both ample living space and personal retreat. While the home also offers the next buyer the chance to update and remodel, unlocking additional value and future potential. The Seller states HVAC has been replaced. Amenities include a uniquely designed pool, relaxing spa, and sports court, set among beautifully landscaped grounds that follow the natural hillside. The unit comes with subterranean tandem parking and guest parking is also available. With nearby biking trails, walking paths, and convenient access to nearby freeways, this home combines comfort, convenience, and nature located near Downtown Los Angeles making it a with both immediate livability and long-term upside.
Location
Los Angeles, Los Angeles County, CA 90042
Open on Google Maps ↗Listed by: Go Un Choi · Dream ERE
Payment estimate
$4,780
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $63,000 · Loan: $567,000
- Principal & Interest
- $3,588
- Property tax (1.25%)
- $656
- Homeowners insurance
- $300
- Mortgage insurance
- $236
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
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 Los Angeles home with as little as 3.5% down using an FHA loan — roughly $22,050 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
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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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