22869 Adrienne Avenue

Moreno Valley, CA 92553

$2,100,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1971

calendar_month Built

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.

Listing Information

List Price $2,100,000
Status Active
MLS PW24239554
Type Residential Income
Subtype Apartment
Year Built 1971
Lot Size 13,940
Structure Size N/A
DOM 13
Courtesy Of Citivest Realty Services, Inc
Listing Agent Michael Lembeck DRE#01019397

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Carpet
Fireplace Information
Features None
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Michael Lembeck, Citivest Realty Services, Inc 714-742-3700. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 19th, 2024 at 5:50 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.