22224 Alessandro Boulevard, Moreno Valley, California 92553, Moreno Valley, 92553 - 2 bed, 1 bath

22224 Alessandro Boulevard, Moreno Valley, California 92553 home-pic-0
ACTIVE UNDER CONTRACT$499,000
22224 Alessandro Boulevard, Moreno Valley, California 92553
2Beds
1Bath
948Sqft
12,632Lot
Year Built
1939
Close
-
List price
$499K
Original List price
$530K
Price/Sqft
$526
HOA
-
Days on market
-
Sold On
-
MLS number
IV25139319
Home ConditionPoor
Features
Good View: None
View-

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $499.0K(34th), sqft - 948(6th), beds - 2(11th), baths - 1(6th).

Endless Potential with Bonus Spaces – 22224 Alessandro Blvd, Moreno Valley, CA 92553 Welcome to this versatile Moreno Valley property with residential comfort and commercial potential! Officially listed as a 2-bedroom, 1-bath home, this unique property also includes two additional dwelling areas with separate entrances — perfect for extended family, rental income, or possible business use. Sitting on a large, rectangular lot, there’s ample parking for multiple vehicles, work trucks, or even customer access. The garage has been converted into a bedroom with its own bathroom, and another unpermitted addition features an extra bedroom and bath. Zoned Commercial (C1): This opens the door for mixed-use possibilities, small business operations, or an owner-occupied investment opportunity. Buyers should verify permitted uses directly with the City of Moreno Valley. With its prime location along Alessandro Blvd, this property is a standout for investors, homeowners with vision, or entrepreneurs looking for flexible space. This one’s truly a must-see!

Price History

Date
Event
Price
08/14/25
Price Change
$499,000
06/21/25
Listing
$530,000
Condition Rating
Poor

Built in 1939, this property is 85 years old. The absence of interior photos, particularly of the kitchen and bathrooms, strongly suggests these areas are in poor, outdated condition and not a selling feature. The description explicitly mentions 'unpermitted additions,' which indicates potential structural, safety, or code compliance issues requiring substantial repairs and rehabilitation. The property's primary value appears to be in its commercial zoning and land, rather than the existing residential structure's quality, which likely needs significant investment to be safe and comfortable.
Pros & Cons

Pros

Commercial (C1) Zoning: The property's Commercial (C1) zoning offers significant flexibility for mixed-use development, small business operations, or an owner-occupied investment, greatly expanding its market appeal.
Versatile Layout & Income Potential: Includes multiple bonus dwelling areas with separate entrances, providing excellent potential for extended family living, generating rental income, or accommodating diverse business needs.
Large, Usable Lot with Ample Parking: The substantial 12,632 sqft rectangular lot provides extensive space for parking, commercial operations, or potential future expansion, a valuable asset for its zoning.
Prime Commercial Corridor Location: Situated directly on Alessandro Blvd, the property benefits from high visibility and easy access, which is highly advantageous for any commercial or mixed-use endeavor.
Strong Investment Opportunity: The unique combination of commercial zoning, income-generating potential from bonus spaces, and flexible use makes this an attractive asset for investors and entrepreneurs.

Cons

Unpermitted Additions: The property contains explicitly stated unpermitted additions (garage conversion, extra bedroom/bath), which could lead to legal, financing, and compliance challenges for a buyer.
Advanced Age & Potential for Outdated Systems: Built in 1939, the property is likely to require significant updates to its core systems (plumbing, electrical, HVAC) and general modernization, incurring additional costs for the buyer.
Discrepancy in Official vs. Actual Space: The official 2-bed, 1-bath, 948 sqft listing understates the functional space, but the reliance on unpermitted additions for additional rooms creates uncertainty and potential issues for appraisal and financing.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state