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
Mls | PW23150505 |
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Listing Type | For Sale |
Style | Attachd |
Subtype | Resale |
Status | Active |
Year | 1976 |
Days On Site | 481 |
Listing Provided By | CAL Top Realty & Investments 714-777-9307 | Tilak Chopra |
Sq Feet | 5,000 |
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Storys | 1 |
Units | 6 |
Buildings | 3 |
Zoning | R2 |
Acreage | 5.97 |
State | CA |
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County | Riverside |
City | Moreno Valley |
Zip Code | 92553 |
Area | 259 Moreno Valley |
Listing VS Median (in 92553) | |
Price: $2,699,000 low | high Med: $529,000 SqFt: 5,000 low | high Med: 1,236 $ / SqFt: $540 low | high Med: $428 On Site: 481 low | high Med: 157.000000 |