24638 Hemlock Avenue, Moreno Valley, California 92557, Moreno Valley, 92557 - 4 bed, 3 bath
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Moreno Valley, California 92557
This Distressed Value-Add Asset is listed at $390,000, currently held above the $367,428 Fair Market Value. With a Condition Rating of 5, the property requires a comprehensive rehabilitation to address its dilapidated interior and unmaintained Private Pool. However, the 4-bedroom layout and 7,405 Sq Ft Lot provide a solid foundation for forced appreciation in a high-demand commuter area. Situated within the Moreno Valley Unified district, this project represents a prime target for Fix-and-Flip Investors or Contractors looking to capitalize on Southern California’s renovation market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24638 Hemlock Avenue Subject | $350,000* List Price | 4 | 3 | 1,372 | $268 | - |
A 12249 Harclare Sold | $490,000 | 3 | 2 | 1,345 | $364 | 0.3 mi |
B 25521 Elder Pending | $484,950 List Price | 4 | 2 | 1,419 | $342 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1972 property is a distressed fixer-upper requiring substantial rehabilitation. Interior images reveal a dilapidated kitchen with missing cabinet doors, outdated and non-functional-looking appliances, and severely worn flooring. The living spaces show significant neglect with boarded-up windows, debris, and damaged surfaces. Additionally, the exterior features security boarding and an unmaintained pool area, confirming the need for a complete overhaul of all major systems and finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1372.
The property features a private swimming pool on a generous 7,405 sq ft lot, providing a highly sought-after amenity for Southern California outdoor living and entertaining.
As a fixer-upper priced at $350,000, this home offers a significant opportunity for investors or flippers to build substantial equity through strategic renovations and modernization.
The property is explicitly listed as needing repairs, which implies immediate capital expenditure and potential structural or cosmetic challenges that may limit financing options for traditional buyers.
Built in 1972, the home likely requires comprehensive updates to its major systems, such as electrical, plumbing, and HVAC, to meet modern efficiency standards and buyer expectations.
Great opportunity in Moreno Valley! This 4-bedroom, 2-bath home offers approximately 1,372 sq ft of living space on a 7,405 sq ft lot and features a private pool, perfect for enjoying Southern California living. The property is in need of repairs, making it an excellent opportunity for investors, flippers, or buyers looking to renovate and build equity. Conveniently located near schools, parks, shopping centers, and restaurants, with easy access to the 60 and 215 freeways for commuters. Just minutes from popular retail and dining destinations including Moreno Valley Mall, as well as nearby grocery stores, coffee shops, and everyday conveniences. Outdoor enthusiasts will also appreciate the proximity to Box Springs Mountain Reserve, offering hiking trails and scenic views. With its spacious layout, pool, and prime location, this property offers tremendous potential for the right buyer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,372 | 1,757 | 21% |
| Lot Size | 7,405 | 7,841 | 47% |
| Price | $350.0K | $562.8K | 1% |
| Price per sq ft | $255 | $332 | 12% |
| Built year | 1972 | 1987 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 184 | 1% |
Apr 15, 2026
$350,000
$390,000
-10% Price Drop
Initial Listing
Apr 10, 2026
$390,000
$350,000
+11% Price Increase
Initial Listing
Apr 6, 2026
$350,000
Initial Listing