24244 Atwood, Moreno Valley, California 92503, Moreno Valley, 92503 - bed, bath
ACTIVE$650,000
24244 Atwood, Moreno Valley, California 92503
0Bed
0Bath
1,600Sqft
11,761Lot
Year Built
1959
Close
-
List price
$650K
Original List price
$680K
Price/Sqft
$406
HOA
-
Days on market
-
Sold On
-
MLS number
IG25216774
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $650.0K(50th), sqft - 1600(33th), beds - undefined(50th), baths - undefined(50th).
Discover this duplex offering two spacious units. Both units feature functional kitchens, good size bedrooms and full bathrooms. Perfect for an owner-occupant or investor, this duplex offers the option to live in one unit while generating rental income from the other, or to lease both units for strong returns. Located n a desirable neighborhood near schools, shopping and major commuter routes.
Price History
Date
Event
Price
10/18/25
Price Change
$650,000-4.4%
09/13/25
Listing
$680,000
Condition Rating
Fair
The property was built in 1959, making it over 60 years old. While the exterior appears maintained with what look like newer windows, the presence of an old-style window AC unit strongly indicates outdated cooling systems and a lack of modern amenities. The description mentions 'functional kitchens' and 'full bathrooms,' which suggests usability but not necessarily modern updates or recent renovations. Without interior photos, it's difficult to assess the specific condition of kitchens, bathrooms, and other interior features, but given the age and visible exterior clues, it's highly probable that major components are functional but show signs of being outdated, requiring minor updates or repairs to meet current standards.
Pros & Cons
Pros
Income-Generating Duplex: As a duplex, the property offers immediate income potential, allowing for either owner-occupancy with rental income from the second unit or leasing both units for strong returns, appealing to a wide range of investors.
Versatile Investment Opportunity: The property caters to both owner-occupants seeking to offset mortgage costs and pure investors looking for a steady rental income stream, broadening its market appeal.
Desirable Neighborhood Location: Situated in a desirable neighborhood with proximity to schools, shopping, and major commuter routes, enhancing its attractiveness to potential tenants and supporting long-term value.
Generous Lot Size: The substantial lot size of 11,761 sqft provides ample outdoor space, potential for future expansion (subject to zoning), or enhanced tenant amenities.
Functional Units: Both units are described as having functional kitchens, good-sized bedrooms, and full bathrooms, suggesting they are move-in ready for tenants without immediate major renovations.
Cons
Age of Property: Built in 1959, the property is over 60 years old, which may imply older systems (plumbing, electrical, HVAC) and potential for higher maintenance costs or the need for significant updates to meet modern standards.
Recent Price Reduction: The property has undergone a price reduction from $680,000 to $650,000, which could indicate a motivated seller, but also potentially suggests initial overpricing or a lack of strong buyer interest at the higher price point.
Potential for Dated Interiors/Systems: While units are functional, the description lacks mention of recent renovations or modern upgrades, suggesting interiors and core systems may be dated and could require capital investment to attract premium tenants or maximize rental income.