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15765 Cayman Circle, Moreno Valley, California 92551, Moreno Valley, 92551 - 7 bed, 4 bath

15765 Cayman Circle, Moreno Valley, California 92551 home-pic-0
ACTIVE$849,000
15765 Cayman Circle, Moreno Valley, California 92551
7Beds
4Baths
2,386Sqft
Lot
Year Built
1987
Close
-
List price
$849K
Original List price
$899K
Price/Sqft
$356
HOA
-
Days on market
-
Sold On
-
MLS number
250024356SD
Home ConditionGood
Features
Good View:
View-

About this home

Possibly Over-Priced:The estimated price is 14% below the list price. We found 3 Cons,5 Pros. Rank: price - $849.0K(98th), sqft - 2386(80th), beds - 7(99th), baths - 4(95th).

BACK ON MARKET, at no fault of owners, basically new listing. Are you seeking multi-generational living, cash flow properties or a hybrid model of a home to live in and an extra one to rent? This property can accommodate many buyer's needs. 15765 & 15769 Cayman Circle are TWO HOMES on one lot, one apn#. The front home is tenant occupied with 4 bedrooms and 1.75 baths, renting for $2,800 a month. The back home, fully detached is beautiful new construction, built in 2024 and has 3 bedrooms and 2 baths, and rents for $2,400. The oversized flat lot allows for both homes to have ample outside yard space. Zoning is R1 for the property with a very unique build to include a 1200 sq ft original home in the front with a 2 car garage and a new 1186 sq ft ADU home in the back which has private fencing, seperate gas and electrical meters, water is shared, and allows for street parking, no garage. Solar is owned and paid off.

Price History

Date
Event
Price
10/16/25
Price Change
$849,000
04/12/25
Listing
$899,000
Condition Rating
Good
This property consists of two distinct homes. The detached ADU, built in 2024, is in excellent condition, featuring a modern kitchen with dark shaker cabinets, white countertops, stainless steel appliances, contemporary bathrooms with marble-look tile, and new tile flooring throughout. This unit alone meets 'Excellent' criteria. The front home, built in 1987, appears to be well-maintained with updated wood-look laminate flooring and neutral paint in the visible living areas. However, the absence of photos for its kitchen and bathrooms suggests these areas may be older or less updated, likely placing this unit in 'Fair' condition. Given the significant contribution of the brand-new ADU, which comprises nearly half of the property's square footage and offers top-tier modern amenities, the overall property condition is elevated to 'Good'. It is move-in ready, with one unit being virtually new and the other being functional and maintained.
Pros & Cons

Pros

Exceptional Income Potential: The property features two distinct homes (4-bed front, 3-bed new ADU) on a single lot, offering significant rental income ($2,800 + $2,400/month) or multi-generational living flexibility.
Brand New ADU Construction: The detached 3-bedroom, 2-bath back home was built in 2024, providing modern amenities, energy efficiency, and minimal immediate maintenance for a new owner.
Owned Solar System: A fully paid-off solar system significantly reduces utility costs, enhancing the property's long-term value and appeal to environmentally conscious buyers or tenants.
Established Rental Income: The front home is currently tenant-occupied, generating immediate and consistent cash flow, demonstrating proven market demand for the property.
Generous Lot Size & Outdoor Space: An oversized, flat lot ensures ample private yard space for both residences, a desirable feature for families and outdoor enjoyment.

Cons

Shared Water Utility: The shared water meter between the two residences could lead to billing complexities or potential disputes, requiring a clear agreement for allocation.
Age Disparity & Condition of Front Home: The front home, built in 1987, is considerably older than the new ADU, potentially requiring more maintenance, updates, or presenting a different aesthetic standard compared to the modern back unit.
Limited ADU Parking: The ADU relies solely on street parking, lacking a dedicated garage or off-street parking, which may be a drawback for tenants or occupants seeking secure or covered vehicle storage.

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