22869 Adrienne Avenue
Moreno Valley, CA, 92553
$2,100,000
Beds
0 Baths
SqFt
0.32 Acres
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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.

Property Details

Price:
$2,100,000
MLS #:
PW24239554
Status:
Active
Baths:
0
Address:
22869 Adrienne Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
259morenovalley
City:
Moreno Valley
Listed Date:
Nov 25, 2024
State:
CA
ZIP:
92553
Lot Size:
13,940 sqft / 0.32 acres (approx)
Year Built:
1971
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Interior

Appliances
Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Water Heater
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Carpet
Heating
Wall Furnace

Exterior

Community Features
Biking, Curbs, Gutters, Sidewalks, Suburban
Electric
Electricity – On Property
Garage Spaces
0.00
Lot Features
11-15 Units/ Acre
Parking Spots
12.00
Pool Features
None
Sewer
Sewer Paid
Stories Total
2
View
Neighborhood
Water Source
Public

Financial

Tenant Pays
Electricity, Gas, Telephone

Map

Community

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Rover IDX
22869 Adrienne Avenue
Moreno Valley, CA