12195 Carnation Lane C, Moreno Valley, California 92557, Moreno Valley, 92557 - 2 bed, 2 bath
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Moreno Valley, California 92557
This property presents a High-Potential Investment Opportunity with a List Price of $280,000—positioned well above the $230,268 Fair Market Value by 21%. While the property features a recently updated interior and a large private patio, it maintains a Condition Rating of 4, indicating the need for cosmetic repairs. The unit offers a strategic location near major freeways, though the $500 monthly HOA fee requires careful consideration. This asset is best suited for Buy-and-Hold Investors or first-time buyers seeking a functional, commuter-friendly residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12195 Carnation Lane C Subject | $280,000* List Price | 2 | 2 | 1,030 | $224 | - |
A 12175 Carnation B Sold | $220,000 | 2 | 2 | 1,037 | $212 | 0.0 mi |
B 12246 Carnation Pending | $265,000 List Price | 3 | 2 | 1,110 | $239 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, this property is over 50 years old. While the listing mentions 'recently updated' interiors, the visual evidence shows heavily worn carpeting on the stairs and significant weathering/staining on the exterior stucco and wood trim. It appears functional and move-in ready for a budget buyer, but remains dated and requires minor repairs and cosmetic updates to reach a 'Good' rating.
The property has been recently updated, offering a move-in-ready experience that appeals to buyers seeking a contemporary living space without the need for immediate renovations.
Featuring a large private patio, this unit provides a rare level of outdoor space and privacy for a condominium, significantly enhancing the functional living area.
Situated minutes from major freeways and in close proximity to shopping and dining, the property offers excellent convenience for commuters and easy access to local amenities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =436, other record lot size in square feet = 501.
The $500 monthly HOA fee is relatively high compared to the list price, which may impact the overall affordability and debt-to-income ratio for potential buyers.
Originally constructed in 1972, the property may require ongoing attention to aging building systems and common area maintenance typical of older developments.
Well located community, 2 bedrooms 1.5 bathrooms recently updated, large private patio for your outside living, interior laundry; Minutes from the freeway, close to shopping & dining.Low taxes. HOA covers the water, trash, and sewer fees.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,030 | 1,444 |
| Lot Size | 436 | - |
| Price | $280.0K | $398.8K |
| Price per sq ft | $272 | $256 |
| Built year | 1972 | 2006 |
| HOA | $500.0 | $333 |
| Days on market | 8 | 77 |
Jul 14, 2026
$280,000
Initial Listing
Sep 11, 2019
$133,000
Public Record
Aug 16, 2007
$195,000
Public Record