
Moreno Valley, California 92553
Analysis of 13051 Lancaster Lane, Moreno Valley, California 92553 is currently available with a list price of $1,175,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Moreno Valley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1950, the property is over 70 years old. While one of the four units has been substantially updated with central HVAC and a remodeled kitchen/bath, the remaining three units are described as needing cosmetic improvements and appear dated in photos. The presence of window AC units and cracked asphalt driveways indicates the majority of the property requires updates to systems and finishes to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 27007, living area = 4000.
Unlike traditional fourplexes, these four standalone residences offer tenants the privacy and feel of single-family living with no shared walls, significantly increasing rental desirability and tenant retention.
With only one unit fully modernized, the property presents a clear opportunity to renovate the remaining three residences, allowing investors to capture substantial rental growth and build immediate equity.
Three of the four units require cosmetic and functional updates to reach market-rate performance, necessitating additional upfront capital investment from the buyer.
The property operates on a single shared water meter, which complicates utility billing and prevents the full pass-through of water costs to individual tenants.
Four Detached Homes on One Parcel! Rare opportunity to acquire a unique Moreno Valley investment property featuring four detached 2-bedroom, 1-bath residences, each with an attached single-car garage, laundry hookups, and private outdoor space. Unlike a traditional fourplex, the detached layout offers many of the benefits tenants seek in single-family living while providing the efficiencies of multifamily ownership. The property consists of four standalone homes arranged around a spacious central drive with ample onsite parking. Each unit offers a functional floor plan with strong rental appeal. One residence has been substantially updated with central heating and air conditioning, an upgraded kitchen, and a remodeled bathroom, while the remaining units present an opportunity for future cosmetic improvements and rental growth through strategic updates. Ownership benefits from separate gas and electric meters for each residence, helping simplify utility management, while a shared water meter serves the property. The detached-unit configuration, individual garages, and private outdoor areas create a living environment that is uncommon among traditional multifamily properties and highly desirable among tenants. Conveniently located near the I-215 and SR-60 freeways, the property provides easy access throughout Riverside County and the Inland Empire. Residents are minutes from Costco, Sam's Club, Walmart, Target, Moreno Valley Mall, restaurants, schools, parks, and major employment centers. With current rental income, value-add potential through unit improvements, no HOA, and a detached-home layout rarely found in today's market, 13051 Lancaster Lane presents a compelling opportunity for investors, owner-occupants, and 1031 exchange buyers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 4,000 | 1,782 |
| Lot Size | 27,007 | 6,970 |
| Price | $1.18M | $550.3K |
| Price per sq ft | $294 | $321 |
| Built year | 1950 | 1989 |
| HOA | $0 | $132 |
| Days on market | 20 | 58 |
Jul 2, 2026
$1,175,000
Initial Listing