$1,175,000

Estimated payment $6,693/month

Total Views 300
8 Beds
4 Baths
4,000 Sq Ft
$294 Price per Sq Ft

Highlights

  • 0.62 Acre Lot
  • Private Yard
  • Neighborhood Views
  • Modern Architecture
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

Four Detached Homes on One Parcel! Rare opportunity to acquire a unique Moreno Valley investment property featuring four detached 2-bedroom, 1-bath residences, each with an attached single-car garage, laundry hookups, and private outdoor space. Unlike a traditional fourplex, the detached layout offers many of the benefits tenants seek in single-family living while providing the efficiencies of multifamily ownership. The property consists of four standalone homes arranged around a spacious central drive with ample onsite parking. Each unit offers a functional floor plan with strong rental appeal. One residence has been substantially updated with central heating and air conditioning, an upgraded kitchen, and a remodeled bathroom, while the remaining units present an opportunity for future cosmetic improvements and rental growth through strategic updates. Ownership benefits from separate gas and electric meters for each residence, helping simplify utility management, while a shared water meter serves the property. The detached-unit configuration, individual garages, and private outdoor areas create a living environment that is uncommon among traditional multifamily properties and highly desirable among tenants. Conveniently located near the I-215 and SR-60 freeways, the property provides easy access throughout Riverside County and the Inland Empire. Residents are minutes from Costco, Sam's Club, Walmart, Target, Moreno Valley Mall, restaurants, schools, parks, and major employment centers. With current rental income, value-add potential through unit improvements, no HOA, and a detached-home layout rarely found in today's market, 13051 Lancaster Lane presents a compelling opportunity for investors, owner-occupants, and 1031 exchange buyers.

Listing Agent

Adavid Broden

Century 21 Affiliated Brokerage Phone: 619-507-5520 License #01995232 Listed on: 07/02/2026

Century 21 Affiliated

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 27,007 Sq Ft Lot
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Rectangular Lot
  • Private Yard
  • Lawn
  • Front Yard
  • Property is zoned R5

Parking

  • 4 Car Garage

Home Design

  • Modern Architecture
  • Entry on the 1st floor
  • Turnkey
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 4,000 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Neighborhood Views
  • Laundry in unit

Kitchen

  • Free-Standing Range
  • Range Hood

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Overhead Utilities
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 21006
  • Assessor Parcel Number 263111012
  • $878 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0.62 Acres

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Privately Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2160.00
  • Zoning: R5
  • Architectural Style: Modern
  • Property Condition: Turnkey, Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 263111012
  • Year Built: 1950
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 293.75

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Chain Link, Wood
  • Pool Private: No
  • Roof: Shingle, Asphalt
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Connected, Phone Available, Sewer Connected, Cable Available, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater, Free-Standing Range, Range Hood
  • Electric: Standard
  • Heating Type: Natural Gas, Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1176.00
  • Water Source: Public
  • Cooling: Electric, Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights, Urban, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Utilities - Overhead, Front Yard, Lawn, Yard
  • Lot Size Sq Ft: 27007.00
  • Lot Size Acres: 0.6200

Rental Info

  • Tenant Pays: Gas, Cable TV, Electricity

Multi Family

  • Gross Income: 68400.00
  • Gross Scheduled Income: 68400.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 27007.0000 Square Feet
  • Net Operating Income: 48286.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 20114.00
  • Rent Control: No
  • Total Actual Rent: 4350.00
  • Total Expenses: 20114.00

Tax Info

  • New Taxes Expense: 14378.00
  • Tax Census Tract: 425.05
  • Tax Lot: 11
  • Tax Tract Number: 021006
  • TaxOtherAnnualAssessmentAmount: 878.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,604 $267,130 $101,306 $165,824
2023 $4,025 $256,759 $97,373 $159,386
2022 $3,688 $251,725 $95,464 $156,261
2021 $3,633 $246,788 $93,591 $153,197
2020 $3,602 $244,259 $92,632 $151,627
2019 $3,555 $239,470 $90,816 $148,654
2018 $3,356 $234,776 $89,038 $145,738
2017 $3,152 $230,174 $87,293 $142,881
2016 $3,125 $225,662 $85,582 $140,080
2015 $3,307 $241,986 $84,298 $157,688
2014 $3,110 $237,248 $82,648 $154,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/02/2026 07/02/26 For Sale $1,175,000 -- $294 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $86,250 Commercial
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW26142084

California Regional Multiple Listing Service (CRMLS)

APN: 263-111-012

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