5316 Rainwood Street 57
Simi Valley, CA, 93063
$549,999
Original list price: $599,999
MLS: 226001693
Beds
2
Baths
1
Sq Ft
1,156
Lot
0.03 ac
Year Built
1985
MLS #
226001693
Days on Market
61
Listed
Apr 13, 2026
Description
Welcome to this newly remodeled modern end-unit townhome in the heart of Simi Valley, offering 2 bedrooms and 1 bathroom. This move-in-ready home features laminate flooring throughout and an updated kitchen with quartz countertops and stainless steel appliances. The spacious primary bedroom includes an en-suite bathroom with quartz countertops and a stylish tile shower/tub combination. Enjoy outdoor living with two private patios, perfect for relaxing or entertaining. Additional highlights include a 2-car attached garage with direct access and extra guest parking nearby. Located in a desirable community with a pool and spa, this home offers comfort, style, and convenience.
Location
Simi Valley, Ventura County, CA 93063
Open on Google Maps ↗Listed by: Deborah McCarthy · Pinnacle Estate Properties, Inc.
Payment estimate
$4,670
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $55,000 · Loan: $494,999
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $3,135
- Property tax (1.25%)
- $573
- Homeowners insurance
- $300
- Mortgage insurance
- $206
- HOA dues
- $456
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
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 Simi Valley home with as little as 3.5% down using an FHA loan — roughly $19,250 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 Simi Valley, CA 93063 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
Only large teams outsell Mike Watson · Keller Williams Realty
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