24244 Atwood, Moreno Valley, California 92503, Moreno Valley, 92503 - bed, bath
24244 Atwood
Moreno Valley, California 92503
Property Price
SUMMARY
Analysis of 24244 Atwood, Moreno Valley, California 92503 is currently available with a list price of $650,000. 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 Moreno Valley 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1959, this property is aged and shows signs of outdated infrastructure. While the description indicates the units are functional and move-in ready for tenants, the lack of recent major renovations and the 60+ year age suggest that systems and cosmetic features are likely near the end of their expected lifespan and require modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Income Potential
As a duplex, this property offers excellent flexibility for investors to lease both units or for owner-occupants to 'house hack' by living in one unit while offsetting the mortgage with rental income.
- Expansive Lot
The generous 11,761 square foot lot provides significant outdoor space and potential for future value-add opportunities, such as adding an Accessory Dwelling Unit (ADU) or expanding existing structures.
- Prime Commuter Location
Situated in a desirable Moreno Valley neighborhood near major commuter routes, schools, and shopping, the property ensures high tenant demand and long-term desirability.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1959, the property may require capital expenditures for modernizing systems or cosmetic updates to remain competitive with newer rental inventory in the area.
- Market Positioning
A recent price reduction from the original listing suggests the property may have faced initial resistance, potentially due to its age or the current interest rate environment affecting buyer purchasing power.
About 24244 Atwood
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.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1959
- Lot Size
- 11,761 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,600 | 1,758 | 25% |
| Lot Size | 11,761 | 9,147.5 | 67% |
| Price | $650.0K | $685.8K | 42% |
| Price per sq ft | $406 | $377 | 67% |
| Built year | 1959 | 1960 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 175 | 185 | 42% |
Pricing History
Listed for Sale
Oct 18, 2025
$650,000
$680,000
-4% Price Drop
Initial Listing
Price Change
Sep 13, 2025
$680,000
Initial Listing