24959 Myers Avenue, Moreno Valley, California 92553, Moreno Valley, 92553 - 1 bed, 1 bath
ACTIVE$399,900
24959 Myers Avenue, Moreno Valley, California 92553
1Bed
1Bath
400Sqft
20,473Lot
Year Built
1948
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$1,000
HOA
-
Days on market
-
Sold On
-
MLS number
IG25178720
Home ConditionExcellent
Features
ViewNeighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $399.9K(3th), sqft - 400(1th), beds - 1(1th), baths - 1(6th).
This adorable, fully remodeled 400 sq ft home, nestled on an impressive 20,473 sq ft lot, offers endless possibilities for expansion or development. With a detached garage giving potential for an ADU, and zoned for up to 9 units offering future deveoplement and income property opportunity. This home offers a perfect blend of cozy charm with modern upgrades ideal for minimalist living, a vacation retreat, or a savvy investment opportunity. Conviently located near the 60 fwy in the heart of Moreno Valley.
Price History
Date
Event
Price
08/07/25
Listing
$399,900
Condition Rating
Excellent
Despite being built in 1948, the property has been 'fully remodeled' with 'modern upgrades' as stated in the description, which is strongly supported by the images. The kitchen features new, modern wood cabinets, white quartz countertops, stainless steel appliances (range, microwave), and a contemporary black faucet. The entire living space has new wood-look LVP flooring, recessed lighting, and a modern mini-split HVAC system. The interior walls are freshly painted, and windows appear new. All visible components are virtually new and meet current quality standards, indicating a very recent and extensive renovation.
Pros & Cons
Pros
Significant Development Potential: The impressive 20,473 sq ft lot is zoned for up to 9 units, offering substantial future development and income-generating opportunities.
ADU Conversion Potential: A detached garage provides a clear opportunity for an Accessory Dwelling Unit (ADU), enhancing rental income or multi-generational living options.
Fully Remodeled Interior: The existing 400 sq ft home has been fully remodeled with modern upgrades, making it move-in ready for minimalist living or as a temporary residence during development.
Versatile Investment Opportunity: The property caters to various buyer profiles, including investors seeking development, those desiring a minimalist lifestyle, or a vacation retreat.
Strategic Location: Conveniently located near the 60 Freeway in the heart of Moreno Valley, offering good accessibility and connectivity.
Cons
Extremely Small Living Space: The existing home is only 400 sq ft (1 bed, 1 bath), which is significantly undersized for most traditional buyers and limits immediate occupancy appeal.
High Price Relative to Current Structure: The list price of $399,900 is substantial for a 400 sq ft home, indicating that the primary value is in the land and development potential rather than the current dwelling.
Age of Original Construction: Built in 1948, despite being remodeled, the underlying older construction may present unforeseen maintenance or infrastructure challenges not addressed by cosmetic upgrades.