3504 Rainbow Lane, Highland, California 92346, Highland, 92346 - 2 bed, 1 bath
3504 Rainbow Lane
Highland, California 92346
Property Price
SUMMARY
Analysis of 3504 Rainbow Lane, Highland, California 92346 is currently available with a list price of $206,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Highland Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
While the property is described as 'move-in ready' with fresh paint and new carpet, and some updated appliances (modern dishwasher, stainless steel range), the kitchen cabinets and countertops are dated. The bathroom features a very dated tile surround and vanity. The 1969 build year, combined with these outdated core elements, indicates that while the home is well-maintained and functional, it requires minor updates to meet current aesthetic standards, aligning with a 'Fair' condition.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey & Updated Condition
The condo is move-in ready with recent updates including fresh interior paint, plush bedroom carpet, durable ceramic tile, and a modern dishwasher, offering immediate occupancy without additional work.
- Comprehensive HOA Coverage
The HOA fee provides excellent value by covering essential utilities (Water, Trash, Sewer), insurance, roof, and exterior maintenance, significantly reducing owner responsibilities and potential costs.
- Ample & Diverse Parking
The property includes a dedicated 1-car garage, an assigned parking space, and street parking, offering superior and convenient parking options compared to many condo units.
CONSRISKS & DEFICIENCIES
- No Scenic Views
The property description explicitly states 'view: None,' indicating a lack of desirable scenic or panoramic views from the unit.
- Compact Living Space
With 780 sq. ft. for a 2-bedroom unit, the living space is relatively compact, which may not suit buyers seeking more expansive accommodations.
- Monthly HOA Fee
While comprehensive, the $400 monthly HOA fee represents a significant fixed cost that must be factored into the buyer's budget, potentially impacting affordability for some.
About 3504 Rainbow Lane
TURNKEY GROUND LEVEL CONDO | HIGHLAND PALMS | 1-CAR GARAGE Move-in ready ground-floor condo in Highland Palms! This updated unit is a standout value, offering 780 sq. ft. of single-level living with ZERO interior steps. This home is fresh and ready now—featuring clean interior paint, plush bedroom carpet, and durable ceramic tile in high-traffic areas. The open layout includes a kitchen with a modern dishwasher, central AC/Heat, and mirrored closet doors for added light. **Key Features: PARKING: garage + assigned space and street parking (a major advantage over carport-only units). HOA VALUE: covers Water, Trash, Sewer, Insurance, Roof, and Exterior Maintenance. LOCATION: Commuter-friendly access to the 210 Fwy and minutes from Yaamava’ Resort.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1969
- Lot Size
- 799 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $400.0 / Month
Neighborhood Insights
Highland Unified Schools
Oehl Elementary School
Grades K-6 • 0.6 mi
Serrano Middle School
Grades 7-8 • 1.0 mi
San Gorgonio High School
Grades 9-12 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 46% |
| Square foot | 780 | 960 | 15% |
| Lot Size | 799 | 1,000 | 15% |
| Price | $206.0K | $206.0K | 50% |
| Price per sq ft | $264 | $227 | 69% |
| Built year | 1969 | 1971 | 31% |
| HOA | $400.0 | $400 | 50% |
| Days on market | 34 | 207 | 8% |
Pricing History
Listed for Sale
Feb 1, 2026
$206,000
Initial Listing
Sold
Oct 25, 2022
$215,000
Public Record
Sold
Oct 30, 2000
$27,000
Public Record
Sold
Jan 15, 1998
$20,500
Public Record