1854 Rainbow Terrace, Montebello, California 90640, Montebello, 90640 - 3 bed, 2 bath
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Montebello, California 90640
This spacious end-unit condominium represents a Strong Value Opportunity, listed at $675,000—positioned well below the $727,417 Fair Market Value by 7%. This valuation gap provides $52,417 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with a custom-remodeled kitchen and new flooring, this home offers a turnkey lifestyle with community pool and spa access. Its 1,594 sqft layout and attached 2-car garage provide rare functionality, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1854 Rainbow Terrace Subject | $675,000* List Price | 3 | 2 | 1,594 | $456 | - |
A 1829 Rainbow Terrace Sold | $562,000 | 3 | 2 | 1,303 | $431 | 0.0 mi |
B 1728 Mountain Terrace Lane Sold | $660,000 | 3 | 2 | 1,339 | $493 | 0.1 mi |
C 1701 Mountain Terrace Sold | $535,000 | 2 | 2 | 1,174 | $456 | 0.2 mi |
D 1698 Hollyleaf Terrace Sold | $870,000 | 3 | 3 | 1,726 | $504 | 0.8 mi |
E 1661 Neil Armstrong 166 Active | $549,999 List Price | 3 | 3 | 1,470 | $374 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive modern remodel featuring a custom kitchen with modern finishes, new flooring throughout, and updated bathrooms with contemporary tiling and glass enclosures. Although built in 1977, the recent high-quality renovations and mint condition justify an Excellent rating.
The property features a custom-designed kitchen, new flooring, and custom cabinetry throughout, offering a turnkey living experience with modern, high-end finishes.
At 1,594 square feet, this end-unit provides a larger footprint than typical condominiums, offering enhanced privacy and a more house-like feel.
The inclusion of an attached 2-car garage with laundry hookups is a premium feature for condo living, providing secure parking and significant additional storage.
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 monthly HOA fee of $482 is a significant recurring expense that may impact the overall affordability and debt-to-income ratio for potential buyers.
Constructed in 1977, the property may face challenges associated with older infrastructure or common area maintenance compared to newer developments in the region.
Beautifully remodeled, this spacious end-unit 3-bedroom, 2-bath condo offers the perfect blend of style, comfort, and convenience. The thoughtfully designed custom kitchen features modern finishes and ample cabinetry, complemented by custom cabinetry throughout and all closets designed for storage, while new flooring throughout creates a fresh, cohesive feel. An attached 2-car garage with Laundry hookups provides added convenience and storage. Residents can enjoy exceptional community amenities, including a relaxing pool, spa, and beautifully maintained grounds. Ideally located near the Montebello Town Center, with easy access to major freeways, shopping, dining, and entertainment, this home offers an outstanding opportunity to enjoy comfortable living in a highly desirable location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 4.0 |
| Square foot | 1,594 | 2,475 |
| Lot Size | 255,750 | 2,730 |
| Price | $675.0K | $1.06M |
| Price per sq ft | $423 | $454 |
| Built year | 1977 | 2026 |
| HOA | $482.0 | $525 |
| Days on market | 5 | 121 |
Jul 17, 2026
$675,000
Initial Listing
Jun 29, 2023
$625,000
Public Record
Aug 13, 2010
$300,000
Public Record