
Morongo Valley, California 92256
This Multi-Unit Residential Property is a High-Potential Investment Opportunity, listed at $399,900—positioned well below the $402,011 Fair Market Value by 0.5%. Featuring a 936-sqft main home and a 576-sqft guest house on an expansive 18,000-sqft lot, the property offers significant rental income potential. While the home maintains a Fair Condition Rating with vintage infrastructure, the versatile layout and Mountain Views provide a solid foundation for value-add renovations. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible desert lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 49272 Hibiscus Drive Subject 3 bd · 2 ba · 1,512 sqft · $266 | $399,900* List Price | 3 | 2 | 1,512 | $266 | - |
A 11365 Hess Boulevard Sold 3 bd · 2 ba · 1,424 sqft · $288 · 0.4 mi | $410,000 | 3 | 2 | 1,424 | $288 | 0.4 mi |
B 49399 Conejo Sold 2 bd · 2 ba · 931 sqft · $306 · 0.8 mi | $285,000 | 2 | 2 | 931 | $306 | 0.8 mi |
C 49084 Mojave Active 2 bd · 1 ba · 1,172 sqft · $246 · 0.3 mi | $288,000 List Price | 2 | 1 | 1,172 | $246 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the property is well-maintained and livable but shows significant dating. The kitchen features older cabinetry despite a newer wall oven, and the bathroom retains a dated wood vanity and tile countertops. The use of swamp coolers and wall heaters indicates older systems that, while functional, lack modern efficiency. The home requires cosmetic updates and system modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18000, living area = 1512.
The property features a separate 576-square-foot guest house with its own bedroom, bathroom, and laundry, providing excellent potential for rental income, a home office, or multi-generational living.
The seller is offering significant buyer incentives, including assistance with closing costs and interest-rate buydowns, which enhances affordability and provides a competitive edge in the current market.
Built in 1963, the home may require updates to its aging systems, such as plumbing or electrical, to meet modern efficiency standards and buyer expectations.
Both the main house and guest house utilize covered outdoor laundry rooms, which may be considered inconvenient during periods of extreme desert heat or inclement weather.
BUYER INCENTIVES AVAILABLE! Seller is willing to help with closing costs, interest-rate buydowns, and other allowable home-buying costs. Discover the charm of rural living in Morongo Valley, CA, where a slower pace of life meets natural beauty. Known for its excellent hiking trails and bird watching, this property is conveniently located just 25 miles north of Palm Springs, 15 miles west of Yucca Valley, and a short drive to Morongo Casino Resort & Spa. The property consists of 1,512 total square feet of living space, with a 936-square-foot main home featuring 2 bedrooms, 1 bathroom, and a covered outdoor laundry room, and a separate 576-square-foot guest house offering 1 bedroom, 1 bathroom, and its own covered outdoor laundry room. This versatile layout provides excellent flexibility for guests, extended family, or potential rental opportunities. Situated on a spacious lot with ample parking, this versatile property offers comfort, privacy, and the opportunity to enjoy the peaceful desert lifestyle.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.5 |
| Baths | 2.0 | 1.6 |
| Square foot | 1,512 | 1,135.286 |
| Lot Size | 18,000 | 62,426 |
| Price | $399.9K | $344.0K |
| Price per sq ft | $264 | $301 |
| Built year | 1963 | 1963 |
| HOA | $0 | $0 |
| Days on market | 23 | 92 |
Oct 1, 2026
$399,900
Initial Listing
May 30, 2003
$125,000
Public Record
Mar 17, 1998
$37,000
Public Record
Mar 30, 1995
$27,500
Public Record