23689 Parkland, Moreno Valley, California 92557, Moreno Valley, 92557 - 3 bed, 3 bath
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Moreno Valley, California 92557
This property presents a High-Potential Investment Opportunity with a List Price of $478,000—positioned well below the $422,902 Fair Market Value by -13%. While the property is currently priced above market, its Condition Rating of 5 highlights a clear path for value-add through modernization of its 1980s-era finishes. Featuring Scenic Mountain and City Light Views, this home offers a strategic location in the Moreno Valley Unified district. This asset is ideal for Buy-and-Hold Investors or Contractors seeking a project with significant renovation upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23689 Parkland Subject | $478,000* List Price | 3 | 3 | 1,474 | $287 | - |
A 11060 Le Grand Lane Sold | $400,000 | 3 | 3 | 1,481 | $270 | 0.1 mi |
B 23697 Cold Spring Sold | $432,000 | 3 | 3 | 1,474 | $293 | 0.1 mi |
C 23709 Cold Spring Sold | $515,000 | 3 | 3 | 1,308 | $394 | 0.1 mi |
D 23579 Tarara Drive Sold | $498,000 | 4 | 2 | 1,749 | $285 | 0.4 mi |
E 23847 Bouquet Canyon Sold | $505,000 | 4 | 3 | 2,020 | $250 | 0.4 mi |
F 23575 Whispering Winds Active | $530,000 List Price | 4 | 3 | 1,600 | $331 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1986, the property is 38 years old, exceeding the 30-year threshold for original condition. The kitchen and bathrooms feature dated 1980s finishes, including tile-and-wood countertops and carpeted flooring in the master bath, indicating a need for a full rehab to modernize the home.
Situated in the desirable North Moreno Valley area, the property offers excellent proximity to major freeways and shopping centers, ensuring convenience for daily commuting and errands.
The home features impressive views of both city lights and the surrounding mountains, providing a picturesque backdrop that enhances the overall living experience and property appeal.
A significant recent price reduction from $520,000 to $478,000 positions this property as a high-value opportunity within the local residential market.
With a lot size of 4,792 square feet, the outdoor space is relatively limited compared to other single-family residences, which may restrict large-scale landscaping or outdoor activities.
Built in 1986 and featuring traditional elements like a wet bar and brick fireplace, the interior may require additional capital investment to update and align with contemporary design trends.
Located in North Moreno Valley, this home features 3 bedrooms, 2 1/2 bathrooms, a living room, dining room, and a spacious kitchen. Enjoy a brick fireplace and a wet bar. The bright, open kitchen boasts windows offering a perfect view of the backyard. Other features include a 2-car garage and a master bedroom with a good-sized bathroom. Conveniently located near the freeway and shopping centers!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,474 | 1,782 |
| Lot Size | 4,792 | 6,970 |
| Price | $478.0K | $550.3K |
| Price per sq ft | $324 | $321 |
| Built year | 1986 | 1989 |
| HOA | $0 | $132 |
| Days on market | 23 | 58 |
Jul 16, 2026
$478,000
$520,000
-8% Price Drop
Initial Listing
Jun 29, 2026
$520,000
Initial Listing
Oct 11, 2016
$231,000
Public Record
Sep 21, 2009
$87,000
Public Record
Dec 22, 2006
$337,000
Public Record
Oct 26, 2004
$270,000
Public Record