13931 Elsworth Street

    Moreno Valley, CA 92553
    • $1,380,000
    • STATUS: Active
    • ON SITE: 43 days
    • ID#: TR19163220
    $1,380,000
    • 0
      BEDS
    • 1.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,850
      SQFT
    • $236
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Extremely rare opportunity to present this unique property with 9 units. Single story apartments sitting on a developable near-square 1.5-acre parcel. The only multi-family property with such a large lot in the area that may allow up to 45 units or business complex. Each unit has a front patio with backyard and storage shed. The 1.5 acre makes the park-like community highly desirable. Operating 100% occupancies with long term tenants. The property is just minutes from the City Hall, the Police Station, Schools, World Logistics Center, and 215/60 Freeways. The City Moreno Valley presents a pro-business and development atmosphere within a strategic location in Southern California. This unique geographic location has successfully attracted many Fortune 500 companies to create the World Logistics Center, including Amazon, Sketchers, Philip Electric, Aldi Foods, and Karma Automotive, which resulting in hundreds of thousands of job opportunities. Buyer must conduct its own due diligence to verify entitlement. Drive by only, please do not disturb the tenants!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-24T00:35:54.737. 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 Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/96803206

    13931 Elsworth Street Moreno Valley, CA 92553

    • Price: $1,380,000
    • Status: Active
    • ID#: TR19163220
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.5
    Acres
    5,850
    SQFT
    $236
    $/SQFT
    1955
    Built
    Neighborhood:
    259 - Moreno Valley
    County:
    Riverside
    Area:
    259 - Moreno Valley
    Property Description
    Extremely rare opportunity to present this unique property with 9 units. Single story apartments sitting on a developable near-square 1.5-acre parcel. The only multi-family property with such a large lot in the area that may allow up to 45 units or business complex. Each unit has a front patio with backyard and storage shed. The 1.5 acre makes the park-like community highly desirable. Operating 100% occupancies with long term tenants. The property is just minutes from the City Hall, the Police Station, Schools, World Logistics Center, and 215/60 Freeways. The City Moreno Valley presents a pro-business and development atmosphere within a strategic location in Southern California. This unique geographic location has successfully attracted many Fortune 500 companies to create the World Logistics Center, including Amazon, Sketchers, Philip Electric, Aldi Foods, and Karma Automotive, which resulting in hundreds of thousands of job opportunities. Buyer must conduct its own due diligence to verify entitlement. Drive by only, please do not disturb the tenants!
    Exterior Features

    Garage Spaces 0.00 Lot Features Corner Lot Lot Size Source Owner Lot Size Units Square Feet Parking Total 18.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 600 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 900 Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features None Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.47 Community Features Sidewalks Country Us Electric Expense 240.00 Elevation Units Feet Fuel Expense 4620.00 Gardener Expense 960.00 Gross Income 92535.00 Gross Scheduled Income 92535.00 Insurance Expense 3500.00 Land Lease YN No Laundry YN No Maintenance Expense 700.00 Net Operating Income 61719.00 New Construction YN No New Taxes Expense 15870.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 30816.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Electricity Total Expenses 30816.00 Trash Expense 2106.00 Water Sewer Expense 2820.00 Water Source Public Year Built Source Other Zoning R30

    Listing provided courtesy of Vivian Chang of Century 21 Care


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-24T00:35:54.737. 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 Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604