24194 Sunnymead Boulevard, Moreno Valley, California 92553, Moreno Valley, 92553 - bed, bath
ACTIVE$749,999
24194 Sunnymead Boulevard, Moreno Valley, California 92553
0Bed
0Bath
3,698Sqft
18,731Lot
Year Built
1965
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$203
HOA
-
Days on market
-
Sold On
-
MLS number
TR25157398
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros.
Great investment property. Property is sold as is, no repair, no guarantee or warranties, buyer to do their due diligence and inspections. This property is a mix of residential/commercial uses. The front of the lot consists of three (3) paved retail commercial stores and a studio/office. The back portion of the lot consists of two (2) single-family residential units. There is a 2-bedroom, 1-bathroom unit and a 1-bedroom, 1-bathroom unit. There is a total of 5 units on this property.
Price History
Date
Event
Price
07/14/25
Listing
$749,999
Condition Rating
Poor
The property was built in 1965, making it 59 years old. The listing explicitly states 'sold as is, no repair, no guarantee or warranties,' which is a strong indicator of significant deferred maintenance and the need for substantial repairs. The provided images, showing only the commercial exterior, reveal an aged building with a worn parking lot and dated facade. While no interior images of the residential units, kitchens, or bathrooms are available, the 'as is' clause for a property of this age strongly suggests that major components require repair and rehabilitation, fitting the 'Poor' condition criteria.
Pros & Cons
Pros
Diverse Income Streams: The property offers a unique combination of three retail commercial stores, a studio/office, and two residential units (2-bed/1-bath and 1-bed/1-bath), providing multiple income sources and reducing vacancy risk.
Significant Rental Potential: With a total of five distinct units, the property offers substantial rental income generation, making it an attractive asset for investors seeking cash flow and diversified tenancy.
Large Lot Size: An expansive 18,731 sqft lot provides ample space for current operations, potential future expansion, additional parking, or outdoor amenities, enhancing its long-term value and utility.
Strategic Mixed-Use Zoning: The mixed-use designation allows for both commercial and residential operations on a single parcel, offering flexibility in tenant mix and maximizing land utility in a potentially high-traffic area.
Investment-Grade Opportunity: Explicitly marketed as a 'Great investment property,' it appeals directly to investors looking for a multi-faceted asset with established income-generating components.
Cons
As-Is Sale Condition: The property is sold strictly 'as-is' with no repairs or guarantees, indicating potential for significant deferred maintenance, necessary upgrades, or unforeseen issues that will require substantial buyer investment.
Age of Construction: Built in 1965, the property is over 50 years old, suggesting that major systems (electrical, plumbing, HVAC) and structural components may be outdated, requiring costly replacements or extensive renovations to meet current codes and tenant expectations.
Extensive Buyer Due Diligence Required: The 'as-is' clause places a heavy burden on the buyer to conduct thorough and potentially costly inspections and due diligence to uncover all existing conditions and potential liabilities before purchase.