23829 Norma Drive, Menifee, California 92587, Menifee, 92587 - 1 bed, 1 bath
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Menifee, California 92587
Analysis of 23829 Norma Drive, Menifee, California 92587 is currently available with a list price of $340,000. 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 Menifee 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.
Property is moderate renovation needed.
Built in 1952, this property is well-maintained for its age and appears move-in ready, but it lacks a full modern renovation. While it features updated laminate flooring and fresh interior paint, the kitchen and bathroom are very basic and dated. The small 462 sqft footprint and vintage infrastructure suggest that while functional, the home requires modernization to meet current quality standards.
Positioned as the most affordable single-family residence in the area, this property offers a rare entry-level opportunity for first-time buyers or investors seeking a high-value acquisition.
The expansive 4,792 sqft lot with a remote-controlled gate provides versatile opportunities for expansion, including building an ADU, parking an RV, or utilizing the space for business storage.
The property is receiving immediate enhancements including fresh exterior paint, a new wood fence, and a gravel driveway, ensuring a refreshed look and improved security for the new owner.
At only 462 square feet with a single bedroom, the home's small footprint significantly limits the potential buyer pool to individuals or couples and lacks room for traditional family growth.
Originally built in 1952, the property may require ongoing maintenance or modernization of older structural and mechanical systems that are common in homes of this era.
This Beautiful 1 Bedroom 1 Bathroom 462 Sqft Home, has a Two Car attched Garage that sits on a Very Large Lot of Land with access in, and out through a remote controlled gate. Very large 4,792 Sqft Backyard, Build an ADU, Park your RV, Park your Mobile Home, Start a Junk Removal Business, the opportunities are endless! Most Affordable house in the area, making it a perfect starter home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 1% |
| Baths | 1.0 | 3.0 | 2% |
| Square foot | 462 | 2,198 | 1% |
| Lot Size | 4,791 | 7,841 | 3% |
| Price | $340.0K | $685.0K | 2% |
| Price per sq ft | $736 | $349 | 97% |
| Built year | 1952 | 1986 | 3% |
| HOA | $0 | $350 | 16% |
| Days on market | 63 | 190 | 5% |
Mar 22, 2026
$340,000
$328,000
+4% Price Increase
Initial Listing
Mar 19, 2026
$328,000
$330,000
-1% Price Drop
Initial Listing
Feb 28, 2026
$330,000
$325,000
+2% Price Increase
Initial Listing
Feb 18, 2026
$325,000
Initial Listing