1805 Rainbow Terrace Lane, Montebello, California 90640, Montebello, 90640 - 3 bed, 2 bath
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Montebello, California 90640
This Spacious Townhouse is a Strong Value Opportunity, listed at $599,000—positioned well below the $626,741 Fair Market Value by 4%. This valuation gap offers $27,741 in Instant Equity for the buyer. With a Condition Rating of 3, the home features essential infrastructure upgrades, including central HVAC and an updated electrical panel. Residents enjoy Panoramic Views and community amenities like a pool. This property is an ideal acquisition for Owner-Occupants seeking long-term value or first-time buyers prioritizing a move-in ready lifestyle.
Property is move-in ready.
Built in 1977 but well-maintained and move-in ready. Features key updates including a newly renovated bathroom, upgraded electrical panel, central HVAC, and newer flooring. While some elements like the kitchen and popcorn ceilings appear dated, the systems and overall condition align with the 5-15 year renovation/well-maintained criteria.
The property features exceptional views of city lights, hills, and mountains, providing a premium aesthetic and increasing the home's overall market value.
As one of the largest floor plans in the community, the 1,500 sqft interior includes a flexible main-level bedroom ideal for a home office and an attached two-car garage.
The home is equipped with essential modern updates including central air/heat, an upgraded electrical panel, and newer flooring, reducing immediate maintenance concerns for buyers.
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. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1500, other record living area = 1448.
The monthly HOA fee of $482 is a significant recurring expense that may impact the affordability and budget of potential buyers.
While some areas are updated, the 1977 construction and description suggest the kitchen and other sections may still require modern cosmetic renovations to reach full potential.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,500 | 1,440 | 50% |
| Lot Size | 255,750 | 1,064.5 | 83% |
| Price | $599.0K | $581.5K | 67% |
| Price per sq ft | $399 | $423 | 33% |
| Built year | 1977 | 1984 | 17% |
| HOA | $482.0 | $362 | 83% |
| Days on market | 32 | 220 | 17% |
May 5, 2026
$599,000
Initial Listing
Jan 18, 2013
$240,000
Public Record
Jun 24, 2004
$335,000
Public Record
Jun 26, 2001
$174,000
Public Record