24379 Myers Avenue, Moreno Valley, California 92553, Moreno Valley, 92553 - 0 bed, 0 bath
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Moreno Valley, California 92553
Analysis of 24379 Myers Avenue, Moreno Valley, California 92553 is currently available with a list price of $1,475,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
The property was built in 1959 (>65 years old) with no mention of recent renovations to kitchens, baths, or systems. Exterior images show dated finishes and visible safety concerns, specifically exposed electrical wiring on the exterior wall. The listing's focus on 'potential' and 'zoning' rather than interior condition suggests the units likely require significant rehabilitation to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30056, living area = 5000.
The property features four existing single-family residences on a single lot, providing immediate rental income with a diverse unit mix including one 4-bedroom and three 3-bedroom homes.
With zoning permitting up to 13 units total and the potential to add ADUs and Junior ADUs to each existing home, this property offers exceptional value-add opportunities for long-term investors.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5000, other record living area = 1939.
The property was recently sold within the past year on 2025-10-16. The sold price is $1,100,000.00.
While gas and electricity are individually metered, the property operates on a single water bill for all four units, which can complicate utility management and increase owner overhead.
Come and view this amazing income producing property. Consists of 4 Single family residences. Each with their own electrical meter, gas meter and 1 water bill for all units. The potential this property has is limitless. All 4 homes are capable of having each their own ADU along with a Jr. ADU. Zoning permits up to 13 units total. Front home consits of 4 bedroom 2 bath and 3 other homes 3 bed 1 bath.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 1% |
| Baths | 0.0 | 2.0 | 1% |
| Square foot | 5,000 | 1,379 | 99% |
| Lot Size | 30,056 | 7,405 | 99% |
| Price | $1.48M | $525.0K | 99% |
| Price per sq ft | $295 | $375 | 19% |
| Built year | 1959 | 1983 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 148 | 5% |
May 6, 2026
$1,475,000
Initial Listing
Oct 16, 2025
$1,100,000
Public Record