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33238018
30745360

21840 Cottonwood, Moreno Valley, CA 92553

TC
00865458
SBC Global
Listed by SBC Global
$2,275,000
228 days on market
Updated 4 days ago
Opportunity zone

21840 Cottonwood

Details
APN 263170004
Property Type Multifamily
Sub Type Apartment Building
Units 6
Buildings 3
Stories 1
Acreage 5.990
Zoning Assessor

Multifamily | 6 Units

Marketing 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 MINOR CLEAN UP TO BRING TO MARKET RENT WHICH WILL BE BETWEEN $13000-$14500 PER MONTH. AT PRESENT THERE ARE 6 UNITS TOTAL INCOME ABOUT $9700 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 . MAKE OFFERS. GREAT POTENTIAL PROPERTY WALKING DISTANCE TO MALL AND SHOPPING,CLOSE TO FREEWAY 215 AND 60 FWY. RENTS EFFECTIVE FEB1,2026 WILL BE $9700 PER MONTH.PRICE REDUCED $125000.MAKE OFFERS.BRAND NEW ROOF ,NEW FLOORING ,NEW KITCHEN CABINETS INSTALLED. 6 UNITS ON 6 ACRES WITH POTENTIAL TO ADD MORE UNITS AND HOUSES.GREAT GREAT POTENTIAL PROPERTY.
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TC
00865458
SBC Global
Listed by SBC Global

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