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$2,100,000
Est. payment /mo
0.32 Acres Lot
UPDATED:
01/04/2025 06:38 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW24239554
Originating Board California Regional MLS
Year Built 1971
Lot Size 0.320 Acres
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.
Location
State CA
County Riverside
Area 259 - Moreno Valley
Rooms
Kitchen Garbage Disposal, Other, Oven Range - Gas, Oven - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Community Facility
Exterior
Garage Spaces 12.0
Pool None
View Local/Neighborhood
Building
Sewer Sewer Available
Water Hot Water, District - Public
Others
Tax ID 291294007
Special Listing Condition Not Applicable
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© 2025 MLSListings Inc. All rights reserved.
Listed by Michael Lembeck • Citivest Realty Services, Inc
GET MORE INFORMATION
Sharad Gupta
Broker | License ID: 02213637
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