Property Detail

22869 Adrienne

Moreno Valley CA 92553

$2,100,000

Status: Active

Property Details

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 $224,184 could be obtained by self-managing property.

Map Location

Listing provided courtesy of Michael Lembeck of Citivest Realty Services, Inc. Last updated 2024-11-26 09:11:19.000000. Listing information © 2024 CRMLS.

Pablo Martinez

Pablo Martinez

DRE# 01353280

P.O. Box 22291
San Diego, CA 92192
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619.480.0890

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Pablo Martinez, Realty of Southern California Logo
DRE# 01353280
P.O. Box 22291 San Diego, CA 92192


Based on information from California Regional Multiple Listing Service, Inc. as of [date the AOR/MLS data was obtained] and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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