1805 Rainbow Terrace Lane, Montebello, California 90640, Montebello, 90640 - 3 bed, 2 bath
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Montebello, California 90640
This Move-In Ready Townhouse is a Strong Value Opportunity, listed at $575,000—positioned well below the $598,719 Fair Market Value by 3%. This valuation gap offers $23,719 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a Granite Kitchen, updated electrical, and panoramic mountain views. With its spacious layout and community pool, this property balances financial stability with lifestyle comfort. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a turnkey residence.
Property is move-in ready.
While built in 1977, the property is well-maintained and move-in ready with significant updates to key systems including an upgraded electrical panel and central HVAC. The interior features newer flooring and a 'newly updated' bathroom. The kitchen, though featuring older cabinetry, has been refreshed with stainless steel appliances, and the main bath includes a granite-topped vanity, placing it in the 5-15 year renovation window for most components.
Boasting one of the largest floor plans in the community, this 1,448 sqft home features a main-level bedroom ideal for a home office and an attached two-car garage for maximum convenience.
The property's elevated position offers rare panoramic views of city lights, hills, and mountains, providing a premium atmosphere that distinguishes it from other units in the area.
The home is equipped with essential high-value updates including central air/heat, an upgraded electrical panel, and a newly renovated bathroom, reducing immediate move-in costs for the buyer.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =255750, other record lot size in square feet = 255675.
The association fee of $482 per month is a significant recurring expense that may impact the debt-to-income ratio and overall affordability for some buyers.
Built in 1977, the property and the wider complex may require more frequent maintenance or face future special assessments compared to newer residential developments.
Incredible opportunity for a move-in ready townhome in prime Mountain View Terrace! With three bedrooms, two bathrooms, and one of the largest floor plans in the community, this home is a dream come true. Elevated from street level, a formal entry with dual closets ushers you into a light-filled, open living space complete with a brick fireplace, balcony, dining area, and panoramic views. The generous kitchen is outfitted with abundant counter space and storage. The main level also features a large bedroom with a walk-in closet, ideal as a den or home office, with direct access to a spacious patio. An impressive bath is also on the main level with a granite-topped vanity and an oversized shower with frosted glass doors. Upstairs are two additional bedrooms and a newly updated bath. Laundry is conveniently located in the attached two-car garage, offering excellent storage. Additional highlights include: central air/heat, upgraded electrical panel, and newer flooring on the stairways and upstairs bedrooms. Enjoy wonderful community amenities including a sparkling pool, abundant guest parking, and lush grassy areas. Conveniently located with easy freeway access and a variety of nearby shopping and dining options, you'll love calling this special place home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,500 | - |
| Lot Size | 255,750 | - |
| Price | $575.0K | $580.0K |
| Price per sq ft | $383 | $298 |
| Built year | 1977 | 0 |
| HOA | $482.0 | $0 |
| Days on market | 37 | 202 |
Jun 15, 2026
$575,000
Initial Listing
Jan 18, 2013
$240,000
Public Record
Jun 24, 2004
$335,000
Public Record
Jun 26, 2001
$174,000
Public Record