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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 925,000

Est. payment | -/mo

8 Beds

4 Baths

2,889 SqFt

Save

$ 925,000

Est. payment | -/mo

Save

8 Beds

4 Baths

2,889 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,889 sqft

Price per Sqft $320

MLS Listing ID 26875157

Bedrooms 8

HOA Y/N No

Year Built 1966

Lot Size 0.950 Acres

Property Description

We are pleased to present 21893 Cottonwood Avenue, a four-unit multifamily property located in Moreno Valley, California. The property is conveniently located near the 60 and 215 Freeways, providing tenants with easy access throughout the Inland Empire, including Riverside, San Bernardino, and surrounding employment hubs. 21893 Cottonwood Avenue offers investors a unique opportunity to acquire a fully vacant four-unit property, allowing a new owner to select their own tenants, lease all units at market rents, or occupy one unit while renting out the remaining three. The property features approximately 2,889 rentable square feet situated on a large 41,382-square-foot (0.95-acre) lot. The unit mix consists of one two-bedroom/one-bathroom single-family home and three two-bedroom/one-bathroom apartment units. Recent improvements include a new electrical panel for the front house, remodeled units, fresh paint, newly installed mini-split AC units, and newly paved asphalt. Offered at $925,000, the property is priced at $231,250 per unit and $320.18 per square foot. Based on projected market rents, the property is expected to achieve a 7.84% cap rate and 9.02 GRM once stabilized. Moreno Valley continues to experience steady rental demand supported by its relative affordability, convenient access to the 60 and 215 Freeways, and nearby employment drivers, including March Air Reserve Base and the expanding Inland Empire logistics corridor. With all four units delivered vacant, recent property improvements, and a nearly one-acre lot, 21893 Cottonwood Avenue provides a new owner the opportunity to immediately establish market rents and position the property for strong stabilized cash flow.

Location

State CA

County Riverside

Area 259 - Moreno Valley

Zoning R2

Interior

Fireplace No

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 263200018

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Oscar Diaz Marcus & Millichap #02022902

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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21893 Cottonwood AVE Moreno Valley, CA 92553