21655 Alcorn Drive, Moreno Valley, California 92557, Moreno Valley, 92557 - 5 bed, 4 bath
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Moreno Valley, California 92557
This Value-Add Residential Asset represents a Strong Value Opportunity, with a List Price of $550,000—positioned well below the $608,391 Fair Market Value by 9%. This pricing strategy provides $58,391 in Instant Equity for buyers prepared to modernize the Condition Rating 4 interior. Featuring a rare five-bedroom layout with two primary retreats on a spacious corner lot, the property offers significant rental upside or multi-generational utility. With mountain views and a prime Box Springs location, this is an ideal acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21655 Alcorn Drive Subject | $550,000* List Price | 5 | 4 | 2,368 | $257 | - |
A 21484 Dickinson Road Sold | $550,000 | 5 | 3 | 2,321 | $237 | 0.3 mi |
B 21183 Gallant Fox Drive Sold | $625,000 | 4 | 3 | 2,243 | $279 | 0.6 mi |
C 21200 Lands End Sold | $605,000 | 4 | 3 | 2,052 | $295 | 0.5 mi |
D 21329 Tennyson Sold | $530,000 | 4 | 3 | 2,052 | $258 | 0.5 mi |
E 22601 Sheffield Drive Active | $669,950 List Price | 5 | 3 | 2,253 | $297 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, this property is explicitly marketed as a 'fixer-opportunity' and sold 'as-is.' While some rooms feature newer laminate flooring, the kitchen retains original oak cabinetry and dated tile flooring, and the bathrooms are basic with older fixtures. The listing relies heavily on virtually staged and digitally altered photos to mask the property's age. The overall condition requires modernization and cosmetic updates to meet current market standards, though it remains functional and currently tenant-occupied.
The home features five bedrooms and four bathrooms, including two primary retreats, making it an ideal configuration for multi-generational living or large families.
Situated on a generous 9,148-square-foot corner lot, the property offers enhanced privacy, curb appeal, and ample outdoor space for recreation or landscaping.
Priced as a fixer-opportunity in the desirable Box Springs neighborhood, this expansive residence allows buyers to build immediate equity through personalized renovations and modern upgrades.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The property is being sold in as-is condition and requires a vision for reimagining the space, indicating a need for immediate capital investment for repairs and modernization.
The presence of tenants and the 'do not disturb' requirement can complicate the viewing process and may present challenges for buyers looking for a quick or vacant possession.
DO NOT DISTURB TENANTS. CALL for an appointment.Opportunity knocks in the lovely Box Springs neighborhood of Moreno Valley! Unlock the potential of this expansive 5-bedroom, 4-bathroom home on a large corner lot featuring two primary retreats--ideal for multi-generational living or added flexibility. With its generous layout and versatile space, this property offers the perfect canvas to bring your vision to life and tailor it to your own style. Being sold as-is, it's a unique opportunity to reimagine the space and tailor it to your own style and preferences. Some photos have been virtually staged or altered.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 89% |
| Baths | 4.0 | 3.0 | 96% |
| Square foot | 2,368 | 1,765 | 86% |
| Lot Size | 9,148 | 7,841 | 68% |
| Price | $550.0K | $563.5K | 44% |
| Price per sq ft | $232 | $332 | 3% |
| Built year | 1988 | 1987 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 184 | 1% |
Apr 8, 2026
$550,000
Initial Listing
Oct 4, 2002
$165,000
Public Record
May 29, 1996
$101,500
Public Record