
Montebello, California 90640
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $314,900—positioned well below the $329,900 Fair Market Value by 4%. This valuation gap provides $15,000 in Instant Equity for the incoming owner. The unit maintains a Good Condition Rating, featuring vaulted ceilings, a Granite Kitchen, and upgraded ductless AC systems. Located in a gated community within the Montebello Unified district, the property offers a mountain view and resort-style amenities including a pool and spa. This is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a turnkey, commuter-friendly asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1661 Neil Armstrong 231 Subject | $314,900* List Price | 1 | 1 | 733 | $450 | - |
A 1661 Neil Armstrong Active | $325,999 List Price | 1 | 1 | 733 | $445 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with several impactful updates. It features consistent modern laminate flooring, updated white granite countertops in the kitchen, and fresh neutral paint throughout. A significant value-add is the installation of modern ductless mini-split HVAC systems in the living room and bedroom. While the kitchen appliances are basic white models and the cabinetry appears to be refreshed rather than custom-replaced, the overall maintenance and cleanliness meet the standards for a 'Good' rating for a 1972 build.
The inclusion of ductless air conditioning systems in both the living room and bedroom provides efficient, customizable comfort that is a significant upgrade for a unit of this vintage.
Ideally positioned near the 60, 10, and 710 freeways, this property offers exceptional accessibility for professionals commuting to Downtown Los Angeles and surrounding employment hubs.
The presence of vaulted ceilings and abundant natural light creates an open, airy ambiance that makes the 733-square-foot layout feel considerably more spacious and inviting.
The lack of in-unit laundry hookups requires residents to use community facilities, which may be viewed as a significant inconvenience for modern buyers seeking maximum privacy.
An association fee of $436 per month is relatively high for a one-bedroom condo, which could impact the overall affordability and debt-to-income ratios for first-time buyers.
Tucked inside the gated Montebello Gardens community, this spacious 1-bedroom, 1-bath condo offers comfortable living in a centrally located Montebello neighborhood. Vaulted ceilings and abundant natural light create an open, airy feel throughout the main living space, while the living and dining area flows seamlessly onto a private balcony overlooking the beautifully maintained grounds of the community. The kitchen features white granite countertops, range with hood, dishwasher, and refrigerator, providing a clean and practical space for everyday cooking. Both the living room and bedroom are equipped with ductless air conditioning systems, offering efficient and customizable comfort year-round. This home also includes the convenience of an assigned carport space located close to the unit. Residents of Montebello Gardens enjoy access to community amenities including a pool, spa, clubhouse, and shared laundry facilities, all within a gated and landscaped setting. Ideally located just off the 60 Freeway with quick access to the 10 and 710, this home is well positioned for commuters heading into Downtown Los Angeles and surrounding areas. You'll also be minutes from shopping, dining, and everyday conveniences including Montebello Town Center, Costco, Home Depot, and a quick stop at In-N-Out. Whether you're a first-time buyer, downsizing, or looking for an investment opportunity, this move-in ready condo offers a great opportunity to own in a well-located Montebello community.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 4.0 | 6% |
| Baths | 1.0 | 3.0 | 6% |
| Square foot | 733 | 2,034 | 6% |
| Lot Size | 169,992 | 14,772 | 71% |
| Price | $314.9K | $935.0K | 6% |
| Price per sq ft | $430 | $455 | 26% |
| Built year | 1972 | 2023 | 16% |
| HOA | $436.0 | $410 | 55% |
| Days on market | 42 | 236 | 3% |
Apr 17, 2026
$314,900
$329,900
-5% Price Drop
Initial Listing
Mar 11, 2026
$329,900
Initial Listing
Sep 15, 2016
$215,000
Public Record
Feb 4, 2003
$115,000
Public Record
Aug 3, 2001
$90,000
Public Record
Apr 19, 2000
$74,500
Public Record