898 Temple Terrace 122, Los Angeles, California 90042, Los Angeles, 90042 - 2 bed, 1 bath
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898 Temple Terrace 122
Los Angeles, California 90042
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
924Sq Ft
384,890Lot Size
Property Price
LIST PRICE$475,000
EST. MARKET VALUE
$496,306
4% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $475,000—positioned well below the $496,306 Fair Market Value by 4%. This valuation gap provides $21,306 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the unit offers a modern kitchen, wood-look flooring, and an Oversized Private Patio. Located in the peaceful Monterey Hills, this home provides a seamless lifestyle for first-time buyers or Owner-Occupants seeking a move-in-ready residence with excellent urban accessibility.
Estimated Market Value
$496,306+$21,306 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 898 Temple Terrace 122 Subject | $475,000* List Price | 2 | 1 | 924 | $537 | - |
A 898 Temple 125 Sold | $475,000 | 2 | 1 | 924 | $514 | 0.0 mi |
B 4041 Via Marisol 215 Sold | $570,000 | 2 | 2 | 1,183 | $482 | 0.5 mi |
C 4041 Via Marisol 313 Sold | $595,000 | 2 | 2 | 1,102 | $540 | 0.5 mi |
D 4041 Via Marisol 111 Sold | $606,500 | 2 | 2 | 1,096 | $553 | 0.5 mi |
E 4041 Via Marisol 105 Sold | $590,000 | 2 | 2 | 1,096 | $538 | 0.5 mi |
F 4200 Via Arbolada 207 Sold | $470,000 | 2 | 1 | 859 | $547 | 0.4 mi |
G 4499 Via Marisol 240 Sold | $450,000 | 2 | 2 | 1,038 | $434 | 0.1 mi |
H 5840 Benner 301 Sold | $410,000 | 2 | 2 | 753 | $544 | 0.7 mi |
I 898 Temple Terrace 322 Active | $499,000 List Price | 2 | 1 | 924 | $540 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property features a recent comprehensive renovation (likely <5 years) including a modern kitchen with quartz countertops and stainless steel appliances, updated bathroom vanity, and new wood-look flooring throughout. Despite the 1980 build date, the interior is in mint, move-in-ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Upgrades
The unit is move-in ready with contemporary finishes, including quartz countertops, stainless steel appliances, and stylish wood-look flooring throughout.
- Expansive Private Patio
The oversized ground-floor patio offers rare and significant outdoor living space, providing a seamless indoor-outdoor flow seldom found in standard condo units.
- Prime Central Location
Located in the peaceful Monterey Hills, the property offers excellent proximity to Highland Park, South Pasadena, and Downtown LA, balancing tranquility with urban accessibility.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =384890, other record lot size in square feet = 384828.
- High Monthly HOA Fees
The association fee of $785 per month is notably high for a 2-bedroom, 1-bathroom unit, which may deter budget-conscious buyers or impact financing qualifications.
- Single Bathroom Layout
Having only one bathroom for a two-bedroom residence can be a significant drawback for roommates or small families, potentially limiting the pool of interested buyers.
About 898 Temple Terrace 122
Welcome to this beautifully updated ground-floor condo in the highly desirable Monterey Hills community! This move-in-ready 2-bedroom, 1-bathroom home offers a spacious open-concept layout, modern finishes, and an oversized private patio that's perfect for indoor-outdoor living. Step inside to discover rich wood-look flooring, abundant natural light, and a generously sized living and dining area that flows seamlessly to the expansive private patio through a large sliding glass door. Whether you're entertaining guests, enjoying your morning coffee, or creating your own outdoor oasis, this rare patio offers exceptional space seldom found in condo living. The kitchen features sleek dark cabinetry, quartz countertops, stainless steel appliances, and ample cabinet storage, blending style with everyday functionality. Both bedrooms are spacious and filled with natural light, while the updated bathroom offers a modern vanity and clean, contemporary finishes. An in-unit laundry room adds convenience to your daily routine. Ideally situated in the peaceful, tree-lined hills of Monterey Hills, this home offers the perfect balance of tranquility and accessibility. Enjoy close proximity to Highland Park, South Pasadena, Downtown Los Angeles, Old Pasadena, Ernest E. Debs Regional Park, dining, shopping, and major freeways.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- 384,890 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $785.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 924 | 1,219.385 |
| Lot Size | 384,890 | 27,236.074 |
| Price | $475.0K | $800.2K |
| Price per sq ft | $514 | $650 |
| Built year | 1980 | 1979 |
| HOA | $785.0 | $685 |
| Days on market | 27 | 72 |
Pricing History
Listed for Sale
Aug 13, 2026
$475,000
Initial Listing
Sold
Aug 18, 2011
$193,000
Public Record
Sold
May 5, 1995
$70,000
Public Record