$2,300,000
Est. payment /mo
5 Sqft Lot
Price Dropped by $100K
21840 Cottonwood Moreno Valley, CA 92553
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25243605
Year Built 1976
Lot Size 5 Sqft
Source California Regional MLS
Property Description
THERE ARE TOTAL 4 PARCELS AS FOLLOW 263-170-004,263-170-003,263-170-006,263-170-007 TOTAL ALMOST 6 ACRES OF LAND .ONE PARCEL IS ZONED R-15 CAN BUILS UPTO 15-16 APARTMENTS REST IT IS R-3 3 HOUSES +3 ADU PER ACRE TOTAL DEVELOPMENT WILL BE 15 HOUSES AND 15 ADU+16 APRTMENTS.PLEASE CONFIRM WITH CITY. PROPERTY NEEDS SOME REPAIRS TO BRING TO MARKET RENT WHICH WILL BE BETWEEN $13000-$14500 PER MONTH. AT PRESENT THERE ARE 6 UNITS TOTAL INCOME ABOUT $8800 PER MONTH . TRIPLEX 2 3BD 1 BA UNIT AND 1 2BD 1BA AND 1 DUPLEX 2BD 1 BA AND ONE SINGLE FAMILY HOMES 2BD 1 BA. 3BD 1 BA UNIT PERFORMA RENT TO BE MINIMUM $2600 PER MONTH AND 2 BD SHOLD BE MINIMUM $2200 PER MONTH SO GROSS RENT SHOULD BE $14000 PER MONTH AFTER FIXING THE UNIT. MAKE OFFERS. GREAT POTENTIAL PROPERTY WALKING DISTANCE TO MALL AND SHOPPING,CLOSE TO FREEWAY 215 AND 60 FWY. RENTS EFFECTIVE FEB1,2026 WILL BE $9675 PER MONTH.PRICE REDUCED $100000.MAKE OFFERS
Location
State CA
County Riverside
Area 259 - Moreno Valley
Interior
Heating Central Forced Air
Laundry In Kitchen
Exterior
Pool None
Building
Story One Story
Others
Tax ID 263170004
Special Listing Condition Not Applicable
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