23610 David Lane, Moreno Valley, California 92557, Moreno Valley, 92557 - 3 bed, 2 bath
23610 David Lane
Moreno Valley, California 92557
Property Price
SUMMARY
Analysis of 23610 David Lane, Moreno Valley, California 92557 reveals a property with a current list price of $645,000, which is 11% above the estimated $568,939 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23610 David Lane Subject | $645,000* List Price | 3 | 2 | 2,090 | $272 | - |
A 23680 Rhea Drive Sold | $525,000 | 4 | 3 | 2,073 | $253 | 0.6 mi |
B 11726 Blue Lupin Lane Sold | $665,000 | 4 | 3 | 1,994 | $334 | 0.9 mi |
C 11735 Country Flower Active | $650,000 List Price | 5 | 3 | 1,948 | $334 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1955, this property is aged. While some areas like the living room show updated large-format tile flooring and fresh paint, suggesting recent cosmetic improvements, the absence of kitchen and bathroom images is a concern. The description mentions a 'functional kitchen,' which often implies it's not recently updated or modern. The backyard is undeveloped. The property appears maintained and livable, but likely requires further updates in key areas (kitchen, bathrooms) to meet current standards, aligning with the 'aged but maintained' and 'functional but show signs of being outdated' criteria for a 'Fair' condition.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Configuration
The property features a main house and a detached second unit, offering significant potential for multi-generational living or rental income.
- Income/Investment Potential
The presence of a detached Accessory Dwelling Unit (ADU) makes this property highly attractive to investors seeking rental income or buyers looking to offset mortgage costs.
- Generous Lot Size
A spacious 8,712 sqft lot provides ample outdoor space for recreation, parking, and potential future enhancements.
CONSRISKS & DEFICIENCIES
- Non-Permitted Addition
The presence of a 'non-permitted bedroom' poses legal and financial risks, potentially complicating financing, insurance, and future resale.
- Property Age & Potential Updates
Built in 1955, the property is older and may require significant updates to systems (e.g., plumbing, electrical, HVAC) and aesthetics to meet modern standards and avoid deferred maintenance issues.
- Recent Price Reductions
Multiple price drops from the original listing suggest potential overpricing or challenges in market appeal, which could indicate underlying issues or a need for further negotiation.
About 23610 David Lane
This unique Moreno Valley property at 23610 David Lane features a front house with 3 bedrooms, 2 bathrooms, and an additional non-permitted bedroom for extra space. The detached back house offers 2 bedrooms and 1 bathroom, perfect for extended family or rental income potential. The front home boasts an open living area with a cozy fireplace and a functional kitchen with plenty of storage. The spacious lot provides ample parking and outdoor space for gatherings. Conveniently located near schools, shopping, and freeway access, this property is ideal for multi-generational living or investors. There is a second unit added, 23614 David Lane. 2 bed 1 bath.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 2.0 | 3.0 | 44% |
| Square foot | 2,090 | 1,817 | 68% |
| Lot Size | 8,712 | 7,841 | 67% |
| Price | $645.0K | $565.0K | 81% |
| Price per sq ft | $309 | $323 | 44% |
| Built year | 1955 | 1987 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 241 | 177 | 80% |
Pricing History
Listed for Sale
Aug 9, 2025
$645,000
$679,999
-5% Price Drop
Initial Listing
Price Change
Aug 7, 2025
$679,999
$750,000
-9% Price Drop
Initial Listing
Price Change
Aug 2, 2025
$750,000
Initial Listing
Price Change
Jul 9, 2025
$75,000
Initial Listing