21840 Cottonwood Avenue Moreno Valley, CA ^$ 2,699,000

21840 Cottonwood Avenue

^$ 2,699,000

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21840 Cottonwood Avenue

Moreno Valley, CA, 92553

^$ 2,699,000

Bedrooms14 Baths6.0 Sq 5,000

Monthly Estimate*

^$ 17,938

Listed by CAL Top Realty & Investments

21840 Cottonwood Avenue, Moreno Valley, CA 92553 - Image 1

Multi-Family Home for sale in Moreno Valley, CA

for $2,699,000 with 14 bedrooms and 6 full baths. This 5,000 square foot home was built in 1976 on a lot size of 5.9688.

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

Multi-Family Active

Price

^$ 2,699,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

5.9688

Year Built

1976

Town/City

Moreno Valley

County/Region

Riverside

MLS | Web ID

PW23150505

Days on Market

291

Features

General

Sewer Other

Heating Central

Zoning R2

HOA 0.0

Garage Spaces 0.0

Pool Features None

Year Built 1976

Tenant Pays AllUtilities

Stories 1

Levels One

Property SubType Apartment

Gross Income 8285.0

Community Features Curbs

Additional Parcels Description 263-170-003 263-170-006 007

County Riverside

Net Operating Income 69420.0

Operating Expense 30000.0

Insurance Expense 4200.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions 60fwy east exit on Day st South on Day to cottonwood Make right.

City Moreno Valley

Entry Location front

View Y/N N

Senior Community Y/N N

Total Units 6

MLS Area 259 - Moreno Valley

Lot Size Square Feet 260000.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Cottonwood

Listing Terms Cash CashtoNewLoan Submit

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 3000.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 195

Building Area Units SquareFeet

Standard Status Active

Year Built Source Other

Tax Lot 53

Property Sub Type Additional Apartment

Exterior

Lot Features Item25UnitsAcre

Water Source Public

Total Parking 0.0

Lot Size Area 260000.0

Number of Buildings 3

Spa N

Building Area Total 5000.0

Lot Size Acres 5.9688

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 6

Number of Separate Electric Meters 6

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features None

Total Stories 1

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Street Suffix Avenue

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 21840

* Excluded Features

List By

Cal Top Realty & Investments

Broker

(714) 267-2552

Phone

Affordability Calculator

$17,938

Per Month

Monthly Principal & Interest: $17,938
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Moreno Valley, CA

Average List Price ^$1,474,780

Percent of Sale Price 45%

About Moreno Valley, CA

205,919 Population

45% Since 2002

^$56,714 Median Income

31.7 Median Age

42% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/13/2023	$2,699,000		Listed Price

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21840 Cottonwood Avenue, Moreno Valley, CA, 92553 is a Multi-Family Home for sale at $2,699,000 with 5,000 sqft and a lot size of 5.9688. 21840 Cottonwood Avenue has 14 bedrooms, 6.0 baths, and was built in 1976. The property's zip code is 92553 which is in Moreno Valley, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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21840 Cottonwood Avenue

Multi-Family Home for sale in Moreno Valley, CA

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