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8418 Lourenco Lane, Eastvale, California 92880, Eastvale, 92880 - bed, bath

8418 Lourenco Lane, Eastvale, California 92880 home-pic-0
ACTIVE$1,220,000
8418 Lourenco Lane, Eastvale, California 92880
0Bed
0Bath
3,480Sqft
9,583Lot

Price Vs. Estimate

The estimated value ($952,327.855) is $267,672.145 (21%) lower than the list price ($1,220,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: High School: Eleanor Roosevelt High School (9/10).
Top Cons:
Significant Overpricing: The listing price of $1,220,000 is considerably higher than the estimated property value of $952,327.86, indicating a potential overvaluation of approximately 21%.

Compared to the nearby listings

Price:$1.22M vs avg $953.5K (+$266,500)92%
Size:3,480 sqft vs avg 2,924.5 sqft69%
Price/sqft:$351 vs avg $33260%

More Insights

Built in 2006 (19 years old).
Condition: The property was built in 2006, making it 19 years old, which falls within the 'Good' category's age range. The description states it's a 'turnkey home' with 'thoughtfully reimagined living space,' suggesting it's move-in ready and well-maintained. While the images show clean and functional bathrooms with standard fixtures and tiling consistent with its build era, they do not appear to have undergone a full, recent modern renovation. The kitchenette shown features newer, retro-style appliances, but this is a specific feature for a rental unit, not indicative of a fully updated main kitchen (which is not pictured). Overall, the property appears to be in good, well-maintained condition with functional systems, but not extensively renovated to meet current 'Excellent' quality standards throughout.
Year Built
2006
Close
-
List price
$1.22M
Original List price
$1.22M
Price/Sqft
$351
HOA
-
Days on market
-
Sold On
-
MLS number
CV25083719
Home ConditionGood
Features
Good View:
Patio
View-

About this home

RENTAL INCOME and HOUSE HACKING potential with this 7-bedroom, 4-bathroom property in Eastvale! This turnkey home offers approximately 3,480 sq ft of thoughtfully reimagined living space, designed to function as multiple private rental units. Perfect for investors seeking strong cash flow or owner-occupants looking to offset their mortgage with rental income. The home features a fully permitted Junior ADU, known as 'The GoldenEye,' with a private entrance, a full private backyard within white picket fence. The Primary Suite ‘The Runaway Bay’ with a large open studio design, includes a private entrance through the garage, kitchenette, and dedicated private laundry located in the garage, with interior access to the main home. The two-bedroom unit, 'The Kingston Unit' consists of the ‘The Windsor room’ and ‘The Kingston Room’ (can be delivered occupied or vacant) offering flexibility for an owner-user or to increase rental income. Three additional private bedrooms—'The Negril Room,' 'The Ocho Rios Room,' and 'The Montego Bay Room'—share a well-maintained full bathroom and are currently leased. Each space has been designed with a functional layout that minimizes overlap and promotes privacy, enhancing livability. No HOA, low-maintenance landscaping, and strong rental demand make this an exceptional opportunity for immediate income and long-term upside. Do not disturb occupants. Showings available upon request.

Nearby schools

7/10
Ronald Reagan Elementary
Public,•K-6•0.3mi
8/10
Dr. Augustine Ramirez Intermediate School
Public,•7-8•2.1mi
9/10
Eleanor Roosevelt High School
Public,•9-12•2.0mi
Condition Rating
Good
The property was built in 2006, making it 19 years old, which falls within the 'Good' category's age range. The description states it's a 'turnkey home' with 'thoughtfully reimagined living space,' suggesting it's move-in ready and well-maintained. While the images show clean and functional bathrooms with standard fixtures and tiling consistent with its build era, they do not appear to have undergone a full, recent modern renovation. The kitchenette shown features newer, retro-style appliances, but this is a specific feature for a rental unit, not indicative of a fully updated main kitchen (which is not pictured). Overall, the property appears to be in good, well-maintained condition with functional systems, but not extensively renovated to meet current 'Excellent' quality standards throughout.
Pros & Cons

Pros

Great Schools: High School: Eleanor Roosevelt High School (9/10).
Exceptional Income Potential: The property is explicitly designed for 'RENTAL INCOME and HOUSE HACKING' with multiple private rental units, offering strong cash flow potential for investors or owner-occupants.
Fully Permitted Junior ADU: Includes a fully permitted Junior ADU ('The GoldenEye') with a private entrance and backyard, adding significant value and legitimate rental income opportunity.
Flexible Multi-Unit Layout: Thoughtfully reimagined living space with 7 bedrooms and 4 bathrooms, configured into distinct private units (Primary Suite with kitchenette, two-bedroom unit, three additional leased rooms) to maximize privacy and rental income.
No HOA Fees: The absence of a Homeowners Association (HOA) means lower monthly expenses for the owner, enhancing profitability for rental operations.
Turnkey & Strong Rental Demand: Described as a 'turnkey home' with 'strong rental demand,' suggesting immediate income generation with minimal effort for the new owner.

Cons

Significant Overpricing: The listing price of $1,220,000 is considerably higher than the estimated property value of $952,327.86, indicating a potential overvaluation of approximately 21%.
Complexity of Multi-Unit Management: Managing multiple tenants across various units within a single-family residence can be more complex and demanding than a traditional rental property or owner-occupied home.
Limited Buyer Pool & Showing Restrictions: The unique 'house hacking' setup may appeal to a niche market, potentially limiting the buyer pool. Additionally, the instruction 'Do not disturb occupants' and 'Showings available upon request' could complicate the viewing process for prospective buyers.

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