47
Map
$560,000
●
House -
Off Market
23731 Rhea Drive
Moreno Valley, CA 92557
3 Beds
2 Baths,
1
Half Bath
1,552 Ft²
$2,652
Est. Monthly
About This Property
Welcome to this beautifully maintained two-story home in Moreno
Valley. Situated on an expansive 11,761 sq ft lot, this 3-bedroom,
2.5-bath home offers 1,552 sq ft of comfortable living space with
endless possibilities.
This home features major upgrades already completed for peace of mind, including a newer roof (approximately 2 years old), new AC and furnace, newer dual-pane windows, and new sliding glass doors. The property also comes with a clear termite inspection, making it truly move-in ready.
Inside, you'll find a functional layout with spacious living areas, abundant natural light, and a warm, welcoming feel throughout. The oversized backyard offers incredible potential for entertaining, future expansion, or even adding an ADU. The property also features desirable RV access - perfect for extra parking, recreational vehicles, trailers, or toys. A barn-style shed is included as well, providing additional storage or workspace.
Conveniently located near parks, schools, shopping, dining, and freeway access, this home combines comfort, upgrades, flexibility, and opportunity all in one. A rare chance to own a large lot property with modern improvements and room to grow!
This home features major upgrades already completed for peace of mind, including a newer roof (approximately 2 years old), new AC and furnace, newer dual-pane windows, and new sliding glass doors. The property also comes with a clear termite inspection, making it truly move-in ready.
Inside, you'll find a functional layout with spacious living areas, abundant natural light, and a warm, welcoming feel throughout. The oversized backyard offers incredible potential for entertaining, future expansion, or even adding an ADU. The property also features desirable RV access - perfect for extra parking, recreational vehicles, trailers, or toys. A barn-style shed is included as well, providing additional storage or workspace.
Conveniently located near parks, schools, shopping, dining, and freeway access, this home combines comfort, upgrades, flexibility, and opportunity all in one. A rare chance to own a large lot property with modern improvements and room to grow!
Unit Size
1,552 Ft²
Days on Market
42 days
Land Size
0.27 acres
Price per sqft
$348
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1988
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (CRMLS #IG26063725)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 1, 2026 | Sold | ||
| Sold | |||
| May 31, 2026 | In contract | - | |
| In contract | |||
| May 20, 2026 | Listed by Keller Williams Realty | $540,000 | |
| Listed by Keller Williams Realty | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Moreno Valley
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Listed by: Marilu Martinez Perez, Keller Williams Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IG26063725
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IG26063725
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