23800 Lucas, Menifee, California 92587, Menifee, 92587 - 2 bed, 1 bath
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Menifee, California 92587
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $389,000—positioned well below the $408,681 Fair Market Value by 4%. This valuation gap offers $19,681 in Instant Equity. Featuring a Condition Rating of 2 with recent interior renovations, including a modern kitchen and updated flooring, the home offers immediate comfort. With Scenic City Light Views and proximity to the highly-rated Quail Valley Elementary School, this property is an ideal acquisition for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23800 Lucas Subject | $389,000* List Price | 2 | 1 | 1,008 | $406 | - |
A 23930 Elsinore Lane Sold | $385,000 | 3 | 1 | 840 | $458 | 0.1 mi |
B 23508 Mount Vernon Active | $394,000 List Price | 2 | 1 | 901 | $437 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1959 build date, the property has undergone a comprehensive interior renovation within the last 5 years. It features a modern kitchen with shaker cabinets, quartz countertops, and stainless steel appliances, along with updated flooring, recessed lighting, and a refreshed bathroom.
Priced at $389,000, this property offers a rare and affordable entry point into the Southern California detached single-family home market, making it ideal for first-time buyers or investors.
The property features desirable city light views, providing an enhanced aesthetic appeal and a sense of openness that adds significant value to the living experience.
Located less than a mile from the highly-rated Quail Valley Elementary School (7/10), the home is well-positioned for families prioritizing convenient access to strong local education.
With only 1,008 square feet of living space and a single bathroom, the home's compact footprint may be restrictive for growing families or those requiring a more versatile floor plan.
Built in 1959, the property's vintage construction may require additional capital for modernizing major systems, such as electrical or plumbing, to meet contemporary standards.
Exceptional opportunity in Menifee. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 4.5 mi
Grades 6-8 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,008 | 2,007 |
| Lot Size | 4,792 | 7,405 |
| Price | $389.0K | $585.6K |
| Price per sq ft | $386 | $286 |
| Built year | 1959 | 2005 |
| HOA | $0 | $93 |
| Days on market | 76 | 60 |
May 7, 2026
$389,000
Initial Listing
Oct 23, 2020
$192,000
Public Record