CA > Moreno Valley
Moreno Valley, CA 92553,21840 Cottonwood
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Don Pelletier

Don Pelletier

+1(858) 336-1114
$ 2,300,000
Est. payment /mo
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Price Dropped by $100K

21840 Cottonwood Moreno Valley, CA 92553

14 Beds

5.99 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25243605

Bedrooms 14

Lot Size 5.990 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

THERE ARE TOTAL 4 PARCELS AS FOLLOW 263-170-004,263-170-003,263-170-006,263-170-007 TOTAL ALMOST 6 ACRES OF LAND .ONE PARCEL IS ZONED R-15 CAN BUILS UPTO 15-16 APARTMENTS REST IT IS R-3 3 HOUSES +3 ADU PER ACRE TOTAL DEVELOPMENT WILL BE 15 HOUSES AND 15 ADU+16 APRTMENTS.PLEASE CONFIRM WITH CITY. PROPERTY NEEDS SOME REPAIRS TO BRING TO MARKET RENT WHICH WILL BE BETWEEN $13000-$14500 PER MONTH. AT PRESENT THERE ARE 6 UNITS TOTAL INCOME ABOUT $8800 PER MONTH . TRIPLEX 2 3BD 1 BA UNIT AND 1 2BD 1BA AND 1 DUPLEX 2BD 1 BA AND ONE SINGLE FAMILY HOMES 2BD 1 BA. 3BD 1 BA UNIT PERFORMA RENT TO BE MINIMUM $2600 PER MONTH AND 2 BD SHOLD BE MINIMUM $2200 PER MONTH SO GROSS RENT SHOULD BE $14000 PER MONTH AFTER FIXING THE UNIT. MAKE OFFERS. GREAT POTENTIAL PROPERTY WALKING DISTANCE TO MALL AND SHOPPING,CLOSE TO FREEWAY 215 AND 60 FWY. RENTS EFFECTIVE FEB1,2026 WILL BE $9675 PER MONTH.PRICE REDUCED $100000.MAKE OFFERS

Location

State CA

County Riverside

Zoning Assessor

Interior

Fireplace No

Exterior

Utilities Available Other/Remarks

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 263170004

MLS Router / San Diego MLS
Listed by Tilak Chopra CAL Top Realty & Investments
Don Pelletier

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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