Skip To Content

21840 Cottonwood Avenue

Moreno Valley, CA 92553
  • $2,599,000
  • STATUS: Active
  • ON SITE: 580 Days
  • MLS #: PW23150505
Price Reduced
UPDATED: 69 min ago
$2,599,000
  • 0
    BEDS
  • 5.97
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1976
County:

School Ratings & Info

Listing Agent(s): Tilak Chopra of CAL Top Realty & Investments (714-777-9307)


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

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T13:29:47.973. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/142387872
Print Image

21840 Cottonwood Avenue Moreno Valley, CA 92553

  • Price: $2,599,000
  • Status: Active
  • On Site: 580 Days
  • Updated: 69 min ago
  • MLS #: PW23150505
0
Beds
0
Baths
0
½ Baths
5.97
Acres
1976
Built
Neighborhood:
259 - Moreno Valley
County:
Riverside
Area:
259 - Moreno Valley
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
Exterior Features

Entry Level 1 Entry Location front Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 6 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Fireplace Features None Fireplace YN No Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features Curbs Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 8285 Gross Scheduled Income 99420 Insurance Expense 4200 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanSubmit Net Operating Income 69420 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 30000 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 0 Water Sewer Expense 3000 Water Source Public Zoning R2



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T13:29:47.973. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
Logo
Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Tilak Chopra of CAL Top Realty & Investments (714-777-9307)