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15611 Lasselle St 21, Moreno Valley, California 92551, Moreno Valley, 92551 - 3 bed, 3 bath

15611 Lasselle St 21, Moreno Valley, California 92551 home-pic-0
ACTIVE$405,000
15611 Lasselle St 21, Moreno Valley, California 92551
3Beds
3Baths
1,599Sqft
Lot
Year Built
2007
Close
-
List price
$405K
Original List price
$419K
Price/Sqft
$253
HOA
$347
Days on market
-
Sold On
-
MLS number
SB25222903
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $405.0K(50th), sqft - 1599(50th), beds - 3(50th), baths - 3(50th).

Do not disturb tenant! 3 Bedrooms & 3 full Baths in Palacio De Oro North!Built in 2007. Residents are drawn to Palacio De Oro North because of the incredible amenities, the quiet neighborhood, and the great location. It is also a short distance to schools, Moreno Valley Lake, the Moreno Valley College, Box Spring Mountain, and the Norton Younglove Reserve. This community offers a playground, paseos, barbecue area, gated security, and 2-car attached garage. Tenant occupied, paying $2,895/month. This pleasant condo community is located within walking distance to stores, restaurants, and Victoriano Park in Moreno Valley, California. See Showing Instructions for Virtual Tour Link.

Price History

Date
Event
Price
12/05/25
Price Change
$405,000-3.3%
10/27/25
Listing
$419,000
Condition Rating
Fair
Built in 2007, this property is 17 years old and appears to retain its original finishes. The kitchen features wood-toned cabinets and standard appliances, which are functional but dated in style. Bathrooms also show original, functional but not modern fixtures and finishes. While some areas have laminate flooring, the carpets in the bedrooms appear worn and stained, indicating a need for replacement. Light fixtures are basic. The property is move-in ready, but the dated aesthetics in the kitchen and bathrooms, combined with worn carpets, suggest it requires minor cosmetic updates to meet current buyer expectations and improve overall appeal, aligning with a 'Fair' condition rating.
Pros & Cons

Pros

Modern Construction & Condition: Built in 2007, this property is relatively new, suggesting modern building standards, potentially lower immediate maintenance, and contemporary design.
Strong Investment Opportunity: Currently tenant-occupied with a monthly rent of $2,895, offering immediate and substantial rental income for investors or a buyer seeking to offset mortgage costs.
Comprehensive Community Amenities: The Palacio De Oro North community provides desirable amenities including a playground, paseos, barbecue area, and gated security, enhancing lifestyle and property value.
Prime Location & Accessibility: Situated within walking distance to essential stores, restaurants, and Victoriano Park, with short distances to schools, Moreno Valley Lake, and recreational areas, offering convenience and outdoor access.
Functional Layout & Parking: Features 3 bedrooms and 3 full baths, providing ample living space, complemented by a convenient 2-car attached garage.

Cons

Tenant Occupancy & Restricted Showings: The property is tenant-occupied with 'do not disturb' instructions, limiting physical viewings and potentially complicating the closing process or immediate occupancy for owner-occupants.
Significant Monthly HOA Dues: A monthly association fee of $347 adds a considerable recurring cost to ownership, impacting overall affordability and cash flow.
Recent Price Reduction: The property has undergone a price reduction from $419,000 to $405,000, which might suggest initial overpricing or market resistance, potentially raising buyer concerns.

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