Moreno Valley CA Multi Family for Sale
- Type:
- Apartment
- Sq.Ft.:
- 10,000
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.32 Acres
- Year built:
- 1971
- Baths:
- MLS#:
- PW24239554
ADDITIONAL INFORMATION
22869-22877 Adrienne Ave. Well maintained 12 units with center courtyard. Located in great rental area. Always rented and always full. Excellent unix mix of one, two, and three bedrooms. 4.89% cap rate on existing rents. Gated parking in the rear of the property. Seller increasing rents to bring 2025 income to $147,092 and cap rate to 5.2%. One 3 bedroom unit rented to the on-site manager at a reduced rate. Proforma income of $156,692 could be obtained by self-managing property. Close to Cottonwood Golf Center, 99 Cents Store, TJ Maxx, BJ's Restaurant, Chili Grill, Ross, Banks and Moreno Valley Mall.
$1,175,000
22936 Allies Place Moreno Valley, CA 92553
- Type:
- Fourplex
- Sq.Ft.:
- 3,800
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.16 Acres
- Year built:
- 1966
- Baths:
- MLS#:
- PW24225060
ADDITIONAL INFORMATION
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.15 Acres
- Year built:
- 1979
- Baths:
- MLS#:
- CRIV24190304
View additional info
Courtesy: DEVINE REALTY GROUP, INC.
ADDITIONAL INFORMATION
Just Listed! Investor Opportunity! Don’t miss out on this fantastic opportunity for consistent cash flow! This fully rented 4-unit property, each with 2 bedrooms and 1 bath, is ideal for investors. Unit A has been recently upgraded, and all units come equipped with central air and heating. The property offers a shared laundry room, providing potential for additional income. It’s fully fenced with easy-to-maintain landscaping. Parking is ample with 4 covered spaces and 3 uncovered. Upper units feature balconies, while lower units have patios.
- Type:
- Apartment
- Sq.Ft.:
- 5,000
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 5.97 Acres
- Year built:
- 1976
- Baths:
- MLS#:
- PW23150505
ADDITIONAL INFORMATION
There are total 6 acres of land and 6 apartments, selling as land value as you can build additional houses and apartments on this property, it is an excellent location for development. Rental income effective Feb 1,2024 will be $8285 which is way below market rent ,Market rent for 2 bd is $2100 and 3 bd 2800 . Market rent could be $12000+ per month
Moreno Valley Real Estate
The median home value in Moreno Valley, CA is $550,000. This is higher than the county median home value of $536,000. The national median home value is $338,100. The average price of homes sold in Moreno Valley, CA is $550,000. Approximately 59.38% of Moreno Valley homes are owned, compared to 36.3% rented, while 4.32% are vacant. Moreno Valley real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Moreno Valley real estate agent to arrange a tour today!
Moreno Valley, California has a population of 208,371. Moreno Valley is more family-centric than the surrounding county with 36.42% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Moreno Valley, California is $73,635. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Moreno Valley is 31.5 years.
Moreno Valley Weather
The average high temperature in July is 97 degrees, with an average low temperature in January of 37.9 degrees. The average rainfall is approximately 12.3 inches per year, with 0 inches of snow per year.