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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 2,699,000

Est. payment -/mo

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Active

21840 Cottonwood AVE Moreno Valley, CA 92553

5,000 SqFt

UPDATED:

09/30/2024 06:48 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 5,000 sqft

Price per Sqft $539

MLS Listing ID PW23150505

HOA Y/N No

Year Built 1976

Lot Size 5.969 Acres

Property Description

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

Location

State CA

County Riverside

Area 259 - Moreno Valley

Zoning R2

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Heating Central

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

Community Features Curbs

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Other

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 263170004

Acceptable Financing Cash, Cash to New Loan, Submit

Listing Terms Cash, Cash to New Loan, Submit

Special Listing Condition Standard

Listed by Tilak Chopra • CAL Top Realty & Investments • 714-267-2552

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

21840 Cottonwood AVE Moreno Valley, CA 92553

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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21840 Cottonwood AVE