33462 Loquat St, Wildomar, California 92595, Wildomar, 92595 - 3 bed, 2 bath

33462 Loquat St, Wildomar, California 92595 home-pic-0
ACTIVE$550,000
33462 Loquat St, Wildomar, California 92595
3Beds
2Baths
1,580Sqft
38,768Lot
Year Built
1980
Close
-
List price
$550K
Original List price
$650K
Price/Sqft
$348
HOA
-
Days on market
-
Sold On
-
MLS number
IG25142620
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $550.0K(13th), sqft - 1580(12th), beds - 3(25th), baths - 2(26th).

CALLING ALL INVESTORS! HUGE OPPORTUNITY FOR YOU! Charming 3-bedroom, 2-bathroom home with 1,580 sqft of living space on a 38,768 sqft lot in Wildomar. This spacious property offers excellent potential for an Accessory Dwelling Unit (ADU), RV parking, or custom outdoor improvements. The interior features a functional layout with a bright living area, generously sized bedrooms, and a practical kitchen. The expansive lot provides privacy and flexibility for future development. Conveniently located with easy access to the 15 Freeway, and close to shopping, schools, and local amenities. A great opportunity for homeowners or investors seeking space and versatility.

Price History

Date
Event
Price
09/05/25
Price Change
$550,000-15.4%
06/25/25
$650,000
Condition Rating
Fair

Built in 1980, this property is 44 years old. The interior, particularly the kitchen and bathrooms, shows significant signs of being outdated, consistent with a property that has not undergone major renovations in 20-30+ years. The kitchen features dated light wood cabinets, laminate countertops, older white appliances (including a coil-top electric range), and linoleum flooring. Bathrooms also have older vanities, fixtures, and flooring. While the home appears functional and maintained, it requires substantial cosmetic updates and likely system upgrades (e.g., HVAC, as wall-mounted units are visible) to meet current standards. The description 'functional layout' and 'practical kitchen' further support that it's livable but not modern. It does not appear to have significant defects affecting safety or structural integrity, placing it above 'Poor', but it's far from 'Good' or 'Excellent' due to its age and lack of modern updates.
Pros & Cons

Pros

Significant Lot Size & Development Potential: The expansive 38,768 sqft lot (nearly an acre) offers substantial potential for Accessory Dwelling Unit (ADU) construction, RV parking, and extensive outdoor customization, appealing to both investors and homeowners seeking space.
Investor-Ready Opportunity: Explicitly marketed as a 'HUGE OPPORTUNITY' for investors, highlighting its versatility and potential for future development and value appreciation.
Strategic Location: Benefits from convenient access to the 15 Freeway, shopping centers, schools, and local amenities, enhancing its desirability and practical living.
Recent Price Reduction: A significant price drop from $650,000 to $550,000 makes the property a more competitive and attractive investment or purchase opportunity.
Functional & Spacious Interior: Offers a practical 3-bedroom, 2-bathroom layout with 1,580 sqft of living space, featuring a bright living area and generously sized bedrooms, providing a comfortable foundation.

Cons

Age of Construction & Potential for Updates: Built in 1980, the property is over 40 years old, suggesting that significant updates to systems, finishes, and overall modernization may be required, incurring additional costs for a buyer.
Lack of Specific Views: The property description indicates 'view: None,' which means it does not offer scenic or desirable views that could otherwise enhance its market value or appeal.
Implied Additional Investment Required: While offering 'potential,' the description suggests that realizing the property's full value (e.g., through ADU, outdoor improvements) will necessitate further capital investment beyond the purchase price.

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