24411 Electra Court, Moreno Valley, California 92551, Moreno Valley, 92551 - 3 bed, 3 bath
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Moreno Valley, California 92551
This Value-Add Residential Asset is listed at $483,600, presenting a significant renovation project in a quiet Moreno Valley cul-de-sac. With a $413,859 Fair Market Value and a Condition Rating of 5, the property requires a comprehensive overhaul to address deferred maintenance and outdated systems. However, the Heated In-Ground Pool and Spa and Versatile Floor Plan—including a main-floor flex room—provide the essential bones for a high-ROI transformation. Situated within the Moreno Valley Unified district, this is an ideal acquisition for Fix-and-Flip Investors or Contractors ready to build equity through a modern redesign.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24411 Electra Court Subject | $483,600* List Price | 3 | 3 | 1,577 | $262 | - |
A 24452 Electra Court Sold | $500,000 | 4 | 3 | 1,381 | $362 | 0.0 mi |
B 24341 Carman Sold | $495,000 | 3 | 3 | 1,587 | $312 | 0.4 mi |
C 15414 Gemstone Court Sold | $475,000 | 3 | 3 | 1,381 | $344 | 0.3 mi |
D 15202 Batton Active | $480,000 List Price | 3 | 2 | 1,496 | $321 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is in a distressed state requiring substantial rehabilitation and is not currently move-in ready. Visual evidence shows a neglected pool with stagnant water, missing kitchen appliances, damaged or missing cabinet doors, and severely stained and worn carpeting. The interior features significant deferred maintenance, including wall damage and outdated systems, consistent with the listing's own assessment that the price reflects the extensive work needed.
The property features a heated in-ground pool and spa with a large patio, offering a resort-style backyard retreat that is a significant value-add for the Moreno Valley area.
The layout includes a flexible main-floor room ideal for a home office or den, complemented by a functional kitchen and family room area that serves as a great foundation for open-concept living.
Priced competitively to reflect the need for updates, this home provides an excellent opportunity for buyers to build significant sweat equity through custom renovations and modernization.
The property requires a comprehensive modern refresh and cosmetic overhaul, which will necessitate additional capital investment and time from the buyer immediately after purchase.
The main floor features only a .25 bath, which may be less convenient for guests or those utilizing the downstairs flex space compared to a traditional half or full bath.
The Layout You’ve Been Looking! The heart of this home features a sizable kitchen and a generous family room with a classic fireplace, providing a functional foundation for your dream open-concept redesign. Tucked away on the main floor, this extra room is ideal for a home office, craft space, or den, located right next to a convenient .25 bath. All three bedrooms are situated on the upper level for maximum privacy, including a primary suite featuring its own dedicated en suite bath. The true "piece de la resistance" is the expansive backyard, designed for someone who loves to host. Entertainer’s Dream: A large patio area is ready for summer BBQs and outdoor dining. The heated in-ground pool and spa offer a resort-style retreat right at home—just waiting for a modern refresh. With an attached two-car garage and a price point that reflects the work needed, this is your opportunity to stop renting and start building wealth through your own vision.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 45% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,577 | 1,811 | 41% |
| Lot Size | 6,098 | 6,098 | 50% |
| Price | $483.6K | $540.0K | 18% |
| Price per sq ft | $307 | $315 | 48% |
| Built year | 1985 | 1990 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 174 | 1% |
Mar 5, 2026
$483,600
Initial Listing
Mar 24, 2003
$183,500
Public Record
Jul 9, 1998
$98,000
Public Record