(No pictures available yet)
$645,000
MLS: PF26091044
Beds
3
Baths
2
Sq Ft
1,260
Lot
4.06 ac
Year Built
1981
MLS #
PF26091044
Days on Market
6
Listed
Apr 30, 2026
Description
Rare 3-bedroom Monterey Hills condo with a view! This home qualifies for a ZERO DOWN PAYMENT assistance program for first-time buyers, or buyers who have not owned a home in the past 36 months! Ask for details! Enter this light-filled Drake Terrace unit to find a spacious dining area and living room with fireplace, bar area, and sliding door out to a balcony with hilltop views and storage closet. A galley kitchen provides space for a little breakfast nook and includes in-unit laundry hook-ups. The primary suite includes a large walk-in closet, shower and bathtub, separate vanity area, and sliding door out to the balcony where you can enjoy views of nature and the hillside. Another bedroom also offers a large window with hillside views and a full bath that can be closed off as another private suite. A third bedroom can also be used as an office or den and provides a closet to accommodate guests or additional occupants. Newly painted throughout with new faucet fixtures in kitchen and bathroom sinks. Two assigned tandem gated parking spots with elevator to 2nd level. HOA amenities include pool and spa, racquet courts and walking paths. Excellent location, convenient to Downtown LA, Keck Hospital of USC, Dodger Stadium, the Rose Bowl, Old Town Pasadena and South Pasadena, the Foothill Gold Line, Highland Park and so much more!
Location
Los Angeles, Los Angeles County, CA 90042
Open on Google Maps ↗Listed by: Laurie Biernacki · Christie's RE SoCal
Payment estimate
$4,887
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $64,500 · Loan: $580,500
- Principal & Interest
- $3,673
- Property tax (1.25%)
- $672
- Homeowners insurance
- $300
- Mortgage insurance
- $242
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 $22,575 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
Only large teams outsell Mike Watson · Keller Williams Realty
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