Moreno Valley, CA 92553 21840 Cottonwood Avenue
$2,599,000
Presented By: Tilak Chopra with CAL Top Realty & Investments; 714-267-2552
- MLS# PW23150505
- 08/12/2023
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 14
Baths • 6
SQFT • 5,000
Home Details
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
Presented By: Tilak Chopra with CAL Top Realty & Investments; 714-267-2552
Interior Features for 21840 Cottonwood Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 21840 Cottonwood Avenue
Additional Parcels Description263-170-003, 263-170-006, 007
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityMoreno Valley
Community FeaturesCurbs
CountyRiverside
Directions60fwy east exit on Day st South on Day to cottonwood Make right.
Electric Expense0.0
Electric On Property Y/NNo
Entry Locationfront
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income8285.0
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Insurance Expense4200.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Submit
Lot Size Square Feet260000.0
Lot Size UnitsSquareFeet
MLS Area259 - Moreno Valley
MobileHomeRemainsYNNo
Net Operating Income69420.0
New ConstructionNo
Number Of Units Total6
Operating Expense30000.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerOther
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot53
Tenant PaysAllUtilities
Trash Expense0.0
Water Sewer Expense3000.0
Waterfront Y/NNo
Year Built1976
Year Built SourceOther
ZoningR2
Exterior for 21840 Cottonwood Avenue
Building Area Total5000.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres5.9688
Lot Size Area260000.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate