24185 Atwood Avenue, Moreno Valley, California 92553, Moreno Valley, 92553 - 3 bed, 1 bath
ACTIVE$400,000
24185 Atwood Avenue, Moreno Valley, California 92553
3Beds
1Bath
816Sqft
10,454Lot
Year Built
1946
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$490
HOA
-
Days on market
-
Sold On
-
MLS number
PW25110838
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 27% below the list price. We found 3 Cons,6 Pros. Rank: price - $400.0K(4th), sqft - 816(1th), beds - 3(50th), baths - 1(6th).
Attention all investors 3 Bedrooms 1 Bath in the City Of Moreno Valley one car garage, long driveway for up to 5 cars, this property is perfect to add another ADU in the back yard, come and see your self for the great potential of this house.
Condition Rating
Poor
Built in 1946, this property is explicitly marketed as an 'investor' opportunity with 'great potential' and is identified as a 'fixer-upper' in the property analysis, indicating substantial repairs and rehabilitation are needed. The exterior images show an unkempt yard, an outdated evaporative cooler, and security bars on windows, suggesting deferred maintenance. The complete absence of interior photos, particularly for the kitchen and bathroom, strongly implies these areas are in poor, original, or unpresentable condition, requiring major updates to meet modern standards.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10454, living area = 816.
Large Lot Size: The property boasts a generous lot size of 10,454 sqft, providing ample space for outdoor amenities, landscaping, or future expansion.
ADU Potential: The large backyard is explicitly highlighted as perfect for adding an Accessory Dwelling Unit (ADU), offering significant potential for increased property value or rental income.
Investment Opportunity: Marketed directly to investors, this property presents a clear value-add opportunity through renovation and development, appealing to those seeking to build equity.
Ample Parking: A long driveway capable of accommodating up to 5 cars provides desirable off-street parking, a practical benefit for residents and guests.
Established Neighborhood: Built in 1946, the property is situated in an older, likely established area of Moreno Valley, which can appeal to buyers seeking mature communities.
Cons
Significant Overpricing: The current list price of $400,000 is substantially higher than the estimated property value of $289,415.75, indicating it may be overpriced for its current condition and market value.
Small Living Space & Limited Bathrooms: With only 816 sqft and 1 bathroom for 3 bedrooms, the property offers a compact living area and a lower bathroom count compared to modern buyer preferences and many comparable homes.
Age and Condition (Fixer-Upper): Built in 1946, the property's age suggests it likely requires significant updates and renovations to meet contemporary standards, implying a substantial upfront investment for potential buyers.