Moreno Valley, CA 92553 24271 Webster Avenue

24271 Webster Avenue Moreno Valley, CA - Image 124271 Webster Avenue Moreno Valley, CA - Image 224271 Webster Avenue Moreno Valley, CA - Image 3
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24271 Webster Avenue Moreno Valley, CA - Image 424271 Webster Avenue Moreno Valley, CA - Image 524271 Webster Avenue Moreno Valley, CA - Image 624271 Webster Avenue Moreno Valley, CA - Image 724271 Webster Avenue Moreno Valley, CA - Image 8
Presented By: Oscar Diaz with Marcus & Millichap;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25531739
  • 04/29/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Baths • 104
  • SQFT • 11,208

Home Details

We are pleased to present Casa Buena at 24271 Webster Avenue, a 14-unit multifamily property located in Moreno Valley's Sunnymead neighborhood. Built in 1980, the asset features a gated, courtyard-style layout with a clean central common area and ample on-site parking. The unit mix includes ten 2-bedroom/1-bath units and four 1-bedroom/1-bath units, offering functional layouts well-suited to the area's strong tenant base. The 39,640 sq. ft. lot (0.91 acres) is zoned R2 and provides 24 parking spaces, on-site laundry, and a quiet residential setting just minutes from Sunnymead Blvd, the 60 Freeway, Moreno Valley Mall, and nearby job hubs. The property is currently operating at a 6.09% cap rate and 10.95 GIM, offering stable in-place income with upside through continued rent growth. An adjacent 14-unit sister property with identical unit mix and layout Casa Lynnda at 24356 Webster Avenue is also available for sale. Investors may purchase one or both, presenting the opportunity to own 28 units on the same block in a growing Inland Empire market.
Presented By: Oscar Diaz with Marcus & Millichap;

Interior Features for 24271 Webster Avenue

Bedrooms

Total Bedrooms

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths

Other Interior Features

LivingAreaSourceAppraiser
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories2

General for 24271 Webster Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.09
Carport Y/NNo
CityMoreno Valley
CountyRiverside
DirectionsTo reach 24271 Webster Ave in Moreno Valley from the I-15 and I-10 freeway junction, take I-10 E toward San Bernardino. Merge onto I-215 S, continue south, and exit at Eucalyptus Ave. Head east on Eucal
Full Baths
Garage Y/NNo
Gross Income292094.0
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet39640.0
Lot Size UnitsSquareFeet
MLS Area259 - Moreno Valley
MobileHomeRemainsYNNo
Net Operating Income200571.0
New ConstructionNo
Number Of Units Total14
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Year Built1983
ZoningR2

Exterior for 24271 Webster Avenue

Building Area Total11208.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.91
Lot Size Area39640.0
Number of Buildings1
Private PoolNo
SpaNo
Total Parking0.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $3,295,000
MLS#25531739
List Date 04/29/2025
Property Type Multi-Family
Phone 714.742.6515
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