13051 Lancaster Lane, Moreno Valley, CA 92553
- $1,175,000
- List Price
- $1,175,000
- Status
- ACTIVE
- MLS#
- SW26142084
- Year Built
- 1950
- Lot Size
- 27,007
- Acres
- 0.62
- Lot Location
- Front Yard, Lawn, Rectangular Lot, Yard
- Days on Market
- 25
- Property Type
- Single Family Residential
- Style
- Modern
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property Description
Four Detached Homes on One Parcel! Rare opportunity to acquire a unique Moreno Valley investment property featuring four detached 2-bedroom, 1-bath residences, each with an attached single-car garage, laundry hookups, and private outdoor space. Unlike a traditional fourplex, the detached layout offers many of the benefits tenants seek in single-family living while providing the efficiencies of multifamily ownership. The property consists of four standalone homes arranged around a spacious central drive with ample onsite parking. Each unit offers a functional floor plan with strong rental appeal. One residence has been substantially updated with central heating and air conditioning, an upgraded kitchen, and a remodeled bathroom, while the remaining units present an opportunity for future cosmetic improvements and rental growth through strategic updates. Ownership benefits from separate gas and electric meters for each residence, helping simplify utility management, while a shared water meter serves the property. The detached-unit configuration, individual garages, and private outdoor areas create a living environment that is uncommon among traditional multifamily properties and highly desirable among tenants. Conveniently located near the I-215 and SR-60 freeways, the property provides easy access throughout Riverside County and the Inland Empire. Residents are minutes from Costco, Sam's Club, Walmart, Target, Moreno Valley Mall, restaurants, schools, parks, and major employment centers. With current rental income, value-add potential through unit improvements, no HOA, and a detached-home layout rarely found in today's market, 13051 Lancaster Lane presents a compelling opportunity for investors, owner-occupants, and 1031 exchange buyers.
Additional Information
- Appliances
- Free-Standing Range, Range Hood, Water Heater
- Pool Description
- None
- Heat
- Forced Air, Natural Gas
- Cooling
- Yes
- Cooling Description
- Central Air, Electric, Wall/Window Unit(s)
- View
- Neighborhood
- Roof
- Asphalt, Shingle
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $68,400
- Operating Expense
- 20114
Listing courtesy of Listing Agent: Adavid Broden (adavid@teambroden.com) from Listing Office: Century 21 Affiliated.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.