13051 Lancaster Lane, Moreno Valley, CA 92553

$1,350,000
List Price
$1,350,000
Status
ACTIVE
MLS#
SW22198103
Year Built
1950
Lot Size
27,007
Acres
0.62
Lot Location
Front Yard, Lawn, Rectangular Lot, Yard
Days on Market
59
Property Type
Single Family Residential
Style
Modern
Property Sub Type
Single Family Residence
Stories
One Level

Property Description

U.S. Opportunity Zone Residential Investment! Looking to diversify your real estate portfolio with an absolutely unique group of properties? 13051 Lancaster Lane may be the perfect fit to complete your portfolio puzzle. The opportunities here are only limited to your imagination. The front two-thirds of this parcel is host to 4 residences, all offering 2 bedrooms, 1 bath, and attached single car garages with laundry connections. Inside, you will find each is outfitted with tile floors, and tile counters. Unit 13067 has recently been upgraded with central heating & air, new bath and kitchen. Each is also complete with separate gas and electric meters, and a shared water meter. The rear third of this parcel is flat, vacant and ready for your creativity to expand on its possibilities, with even more units. Next door to the south is an equally flat and buildable vacant lot that could later be purchased to further increase your footprint in an already bustling community. Location is everything in real estate, and this property is conveniently situated just east of the 215 and south of the 60, some of Riverside county's main freeways. Equally impressive, is the less than 5 minutes proximity to Costco, Sam's Club, Walmart, Target, Moreno Valley Mall, and literally all other restaurants and shops you can imagine. Taxes are as low as you can find, and there is no HOA. This truly is an amazing chance to either grow your real estate portfolio or get it started. Call today to set in motion your best investment of 2022.

Additional Information

Appliances
Free-Standing Range, Range Hood, Water Heater
Pool Description
None
Heat
Forced Air, Natural Gas
Cooling
Yes
Cooling Description
Central Air, Electric, Wall/Window Unit(s)
View
Neighborhood
Roof
Asphalt, Shingle
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$52,200
Operating Expense
20114

Listing courtesy of Listing Agent: Adavid Broden (adavid@teambroden.com) from Listing Office: Century 21 Preferred.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.