22869 Adrienne Avenue, Moreno Valley, CA 92553

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Glen Henderson

[email protected] +1(619) 889-7646

$2,100,000

Est. payment - /mo

5 Beds

4 Baths

0.32 Acres Lot

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UPDATED:

01/05/2025 08:11 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24239554

Bedrooms 5

HOA Y/N No

Lot Size 0.320 Acres

Type of Financing Cash,Conventional

Property Description

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.
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.

Location

State CA

County Riverside

Area Riv Cty-Moreno Valley (92553)

Zoning Assessor

Interior

Cooling Wall/Window

Air Conditioning Wall/Window

Exterior

Exterior Feature Stucco

Building

Lot Description Curbs, Sidewalks

Story 2

Sewer Sewer Connected

Level or Stories 2 Story

Others

Monthly Total Fees $140

Acceptable Financing Cash, Conventional

Space Rent $875

Listing Terms Cash, Conventional

CFD/Mello-Roos Fee $1, 690

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Listed by Michael Lembeck • Citivest Realty Services, Inc

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

22869 Adrienne Avenue Moreno Valley, CA 92553

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Get More Information