21796 Cottonwood Avenue

    Moreno Valley, CA 92553
    • $2,499,000
    • STATUS: Active
    • ON SITE: 500 days
    • ID#: PW17148968
    UPDATED: 75 min ago
    $2,499,000
    • 0
      BEDS
    • 6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,000
      SQFT
    • $625
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    This property has 6 units on 6 Acres of land to develop for multiple family. Land value only.Good to have some income till you get entitlement.Great demand for apartments in this Area.Huge development is going on in Moreno Valley as AMAZON is building 40 Million Sf logistic center.Average unit cost in Moreno VAlley Selling over $200k/unit.Great price for multiple family land use. According to city you can build from 90- 120 units.Please confirm with city for Zoning.PRICE REDUCED BY $500000 FOR FAST SALE.MAKE OFFERS

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T12:28:59.373. 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. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/74148684

    21796 Cottonwood Avenue Moreno Valley, CA 92553

    • Price: $2,499,000
    • Status: Active
    • Updated: 75 min ago
    • ID#: PW17148968
    0
    Beds
    0
    Baths
    0
    ½ Baths
    6
    Acres
    4,000
    SQFT
    $625
    $/SQFT
    1960
    Built
    Neighborhood:
    259 - Moreno Valley
    County:
    Riverside
    Area:
    259 - Moreno Valley
    Property Description
    This property has 6 units on 6 Acres of land to develop for multiple family. Land value only.Good to have some income till you get entitlement.Great demand for apartments in this Area.Huge development is going on in Moreno Valley as AMAZON is building 40 Million Sf logistic center.Average unit cost in Moreno VAlley Selling over $200k/unit.Great price for multiple family land use. According to city you can build from 90- 120 units.Please confirm with city for Zoning.PRICE REDUCED BY $500000 FOR FAST SALE.MAKE OFFERS
    Exterior Features

    Garage Spaces 0.00 Lot Features 16-20 Units/Acre Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 700 Average2 Bed Area Units Square Feet Average3 Bed Area 800 Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Floor Furnace Heating YN Yes Laundry Features Inside Levels One

    Property Features

    Additional Parcels Description 263-170-004003006 Additional Parcels YN No Building Area Units Square Feet Community Features Street Lighting Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 4600.00 Gross Operating Income 54000.00 Gross Scheduled Income 54000.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 37440.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 16560.00 Operating Expense Percent 30.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Other Special Listing Conditions Probate Listing Total Expenses 16560.00 Trash Expense 0.00 Utilities Electricity AvailableNatural Gas AvailablePhone AvailableWater Available Water Sewer Expense 0.00 Water Source Public Year Built Source Estimated Zoning R2

    Listing provided courtesy of Tilak Chopra of Cal Top Realty & Investments.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T12:28:59.373. 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. Licensed in the State of California, USA.
     
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