13051 Lancaster Lane

Moreno Valley, CA 92553

$1,350,000
Price
8
Beds
4
Baths
4,000 Sq. Ft.
$338 / Sq. Ft.
4,000
Sq. Ft.
$338
per Sq. Ft.

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...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.
  1. Listed by Adavid Broden • DRE #01995232 • Brokerage DRE #01897784 • Century 21 Affiliated • 619-507-5520

Property Details for 13051 Lancaster Lane

Architectural Style
Modern
View
Neighborhood
Parking Spaces Total
4
Private Pool
No
Cooling Type
Central Forced Air, Wall/Window
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor

Location

Listing Courtesy of Century 21 Affiliated, Adavid Broden, DRE #01995232
Add your commute
LISTING UPDATED: 02/12/2024 09:05 AM

Property Details for 13051 Lancaster Lane

StatusActive
MLS #SW22198103
Days on Market569
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.62 AC / 27,007 SF
CountyRiverside County

Location

Listing Courtesy of Century 21 Affiliated, Adavid Broden, DRE #01995232
Add your commute

Building Information for 13051 Lancaster Lane

Stories1Residences-Year Built1950Building Size-Lot Size0.62 AC / 27,007 SF

Payment Calculator

$7,680 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,368

Property Taxes

$312

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 13051 Lancaster Lane

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $56,400
  • Gross Scheduled Income: $56,400
  • Net Operating Income: $36,286
  • Laundry Income: $0
Expense Details
  • Operating Expense: $20,114
  • New Taxes Expense: $14,378
  • Gardener Expense: $0
  • Cable TV Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,400
  • Professional Management Expense: $0
  • Trash Expense: $1,176
  • Water Sewer Expense: $2,160
  • Total Expenses: $20,114
Tax / Assessment Info
  • Tax Tract Number: 021006
  • Tax Census Tract: 425.05
  • CFD/Mello-Roos Fee: $878
  • Tax Lot: 11
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Curbs, Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Appliances: Free-Standing Range, Range Hood, Water Heater
  • Equipment: Inside
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air, Electric, Wall/Window Unit(s)
  • Heating Type: Forced Air, Natural Gas
  • Heat Source: Natural Gas
  • Heating: Forced Air, Natural Gas
  • Heat Equipment: Forced Air Unit
  • Flooring: Tile
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Roof: Asphalt, Shingle
  • Fence: Yes
  • Fence: Chain Link, Wood
  • Fencing: Block, Chain Link, Wood
  • Foundation Details: Slab
  • Property Condition: Repairs Cosmetic, Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Front Yard, Lawn, Rectangular Lot, Utilities - Overhead, Yard
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Privately Maintained, Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 4
  • Number With Carpet: 0
  • Number Wall AC: 3

Property History for 13051 Lancaster Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 13051 Lancaster Lane

Taxable ValueLand$97,373Additions$159,386Total$256,759
Tax Record2023$3,744 ($312 / month)
Home Facts
Lot Size27,007 SqFtStyleQuadraplexZoningR2CountyRIVERSIDEAPN263-111-012

Schools near 13051 Lancaster Lane

This home is within Moreno Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Edgemont Elementary School
PublicK to 5

Sunnymead Middle School
Public6 to 8

Moreno Valley High School
Public9 to 12

March Mountain High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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13051 Lancaster Lane is a multi-family home for sale in Moreno Valley, CA 92553. This property was listed for sale on September 30, 2022 by Century 21 Affiliated, it's currently listed at $1,350,000. This listing's school district is Moreno Valley Unified School District. Nearby schools include Edgemont Elementary School, Sunnymead Middle School and Moreno Valley High School. 13051 Lancaster Lane is a 8-bed, 4-bath, 4,000 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Affiliated, Adavid Broden, DRE #01995232

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.