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13051 Lancaster Lane

Moreno Valley, CA 92553
  • $1,350,000
  • STATUS: Active
  • ON SITE: 600 Days
  • ID#: SW22198103
$1,350,000
  • 0
    BEDS
  • 0.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Listing Agent(s): Adavid Broden of Century 21 Affiliated (951-837-2244)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-26T00:37:59.79. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
www.teamforss.com/homes/133622902
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13051 Lancaster Lane Moreno Valley, CA 92553

  • Price: $1,350,000
  • Status: Active
  • On Site: 600 Days
  • ID#: SW22198103
0
Beds
0
Baths
0
½ Baths
0.62
Acres
1950
Built
Neighborhood:
259 - Moreno Valley
County:
Riverside
Area:
259 - Moreno Valley
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.
Exterior Features

Architectural Style Modern Fencing BlockChain LinkWood Foundation Details Slab Lot Features Front YardLawnRectangular LotYard Number Of Separate Electric Meters 4 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof AsphaltShingle Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Appliances Free-Standing RangeRange HoodWater Heater Common Walls No Common Walls Cooling Central AirElectricWall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Tile Heating Forced AirNatural Gas Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cable Tv Expense 0 Common Interest None Community Features CurbsStreet LightsSidewalksUrban Electric Standard Electric Expense 0 Garage YN Yes Gross Income 56400 Gross Scheduled Income 56400 Insurance Expense 2400 Land Lease YN No Laundry Features Inside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Net Operating Income 36286 New Construction YN No New Taxes Expense 14378 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 20114 Possession Close Of Escrow Property Condition Repairs CosmeticTurnkey Property Sub Type Single Family Residence Rent Control YN No Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Tenant Pays Cable TVElectricityGas Total Actual Rent 4350 Trash Expense 1176 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater ConnectedOverhead Utilities Water Sewer Expense 2160 Water Source Public Zoning R2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-26T00:37:59.79. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
 
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Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): Adavid Broden of Century 21 Affiliated (951-837-2244)