13622 Day Street, Moreno Valley, California 92553, Moreno Valley, 92553 - bed, bath
ACTIVE$650,000
13622 Day Street, Moreno Valley, California 92553
0Bed
0Bath
1,012Sqft
41,818Lot
Year Built
1944
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$642
HOA
-
Days on market
-
Sold On
-
MLS number
PW25259662
Home ConditionPoor
Features
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $650.0K(50th), sqft - 1012(30th), beds - undefined(50th), baths - undefined(50th).
Welcoming large lot with just under an Acre of land including a duplex with ample space to create your own masterpiece or add additional units for the increase in value and rental income. This location allows you to grow your portfolio by adding additional units as the area is up and coming with new housing developments and property buildouts. Enjoy the short distance to all amenities including shopping, entertainment and neighborhood outings. Great project for SB9 subdivision to create additional units.
Price History
Date
Event
Price
11/13/25
Listing
$650,000
02/22/23
Sold
$626,000
01/28/21
Sold
$384,000
12/07/17
Sold
$330,000
05/10/16
Sold
$280,000
03/25/11
Sold
$92,500
Condition Rating
Poor
The property was built in 1944, making it 80 years old. While the kitchen appears to have been recently updated with modern white shaker cabinets, stainless steel appliances, and recessed lighting, this is likely a partial renovation. The overall structure's advanced age suggests that major systems (plumbing, electrical, HVAC, roof, foundation) are either original or significantly aged, requiring substantial repairs and rehabilitation. The listing description and AI analysis also highlight the 'Advanced Age of Structure' and the need for 'significant updates to its infrastructure, systems, and aesthetics,' indicating that the property's value is primarily in its large lot and development potential, not the condition of the existing duplex.
Pros & Cons
Pros
Exceptional Development Potential: The property boasts a large lot of nearly an acre (41,818 sqft) with explicit mention of ample space to add additional units and potential for SB9 subdivision, offering significant future value and income maximization.
Existing Income-Generating Duplex: As a duplex, the property provides an immediate source of rental income, establishing a foundational asset for an investment portfolio.
Strategic Location in Growth Area: Located in an 'up and coming' area with new housing developments and property buildouts, indicating strong potential for future appreciation and increased demand.
Convenient Access to Amenities: The property offers a short distance to essential amenities including shopping, entertainment, and neighborhood outings, enhancing its appeal to potential tenants.
Significant Portfolio Expansion Opportunity: Ideal for investors seeking to expand their real estate portfolio through value-add strategies, leveraging the large lot for increased unit count and rental income.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1012, other record living area = 408.
Advanced Age of Structure: Built in 1944, the existing duplex likely requires significant updates to its infrastructure, systems, and aesthetics, potentially leading to substantial renovation costs.
Limited Existing Living Space: With a total of 1012 sqft for a duplex, the individual units are likely small, which may limit rental income potential or tenant appeal without expansion or significant renovation.
Requires Substantial Investment & Project Management: Realizing the full development potential, such as adding units or subdivision, will demand considerable capital, time, and expertise in construction, permitting, and project management.