
Menifee, California 92587
This Manufactured Home with a 433 Permanent Foundation is listed at $499,500, representing a stable valuation near its $468,635 Fair Market Value. Holding a Condition Rating of 4, the residence is well-maintained but requires cosmetic modernization to maximize its value-add potential. The property’s primary strength is the 10,454 sqft Expansive Flat Lot and 2-car garage, providing significant utility for RV storage or a potential ADU. Located within the Menifee Union District with Hill Views, this asset offers rare financing eligibility for its class. It is a strategic acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23991 Vista Way Subject | $499,500* List Price | 3 | 1 | 888 | $528 | - |
A 29225 Avenida De Las Flores Active | $499,900 List Price | 3 | 2 | 1,119 | $447 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1975 manufactured home is well-maintained and functional but shows significant signs of age. While it features some updates like a stainless steel refrigerator and a refreshed bathroom vanity, the overall interior—including the dark carpeting, older kitchen cabinetry, and basic light fixtures—is outdated. The property is livable but requires cosmetic and system modernization to meet contemporary standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10454, living area = 888.
The manufactured home is installed on a 433 permanent foundation, which is a critical asset that allows for traditional FHA, VA, and conventional financing options.
The property sits on a fully fenced, 10,454-square-foot flat lot, providing significant usable space for RV parking, outdoor storage, or potential ADU expansion.
With only 888 square feet of living area for a three-bedroom configuration, the interior layout is exceptionally compact and may feel cramped for families.
The home features only one bathroom to serve three bedrooms, which can be a significant drawback for multi-occupant households and modern buyer expectations.
Great location close to schools and shopping. All flat fully fenced property with manufactured home with 433 permanent foundation and 2 car garage.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.5 | 2% |
| Square foot | 888 | 2,205.5 | 1% |
| Lot Size | 10,454 | 7,841 | 81% |
| Price | $499.5K | $685.0K | 9% |
| Price per sq ft | $562 | $349 | 95% |
| Built year | 1975 | 1986 | 10% |
| HOA | $0 | $350 | 16% |
| Days on market | 462 | 194 | 0% |
Dec 29, 2025
$499,500
$599,500
-17% Price Drop
Initial Listing
Nov 10, 2025
$599,500
$699,500
-14% Price Drop
Initial Listing
Jan 15, 2025
$699,500
Initial Listing