Residential Income – 24426 Dracaea Ave, Moreno Valley, CA 92553, USA -001-11-30T00:00:00-08:00
18 THREE STORY LUXURY TOWN HOMES FOR SALE. ALL HAVE SEPARATE APN#S BUT HOA HASN’T BEN ACTIVATED YET. COULD BE ACTIVATED AND SOLD SEPARATELY IN THE FUTURE. 10 UNITS HAVE 3 BEDROOMS 2.5 BATHS PLUS LOFT ON THIRD FLOOR. 8 UNITS HAVE 3 BEDROOMS 3.5 BATHS, ALL EIG
24426 Dracaea Ave, Moreno Valley, CA 92553, USA
$4,900,000 USD
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Address24426 Dracaea Avenue, Moreno Valley
Price$4,900,000
Year Built2007
Bedrooms Total0
Living Area27,000 ft2
Lot Size (Sq.Ft.)993
Listing IDCV17014255
StatusActive
Parcel Number482081001
Special ConditionsStandard
Days on Market574

Detailed Description: 18 THREE STORY LUXURY TOWN HOMES FOR SALE. ALL HAVE SEPARATE APN#S BUT HOA HASN’T BEN ACTIVATED YET. COULD BE ACTIVATED AND SOLD SEPARATELY IN THE FUTURE. 10 UNITS HAVE 3 BEDROOMS 2.5 BATHS PLUS LOFT ON THIRD FLOOR. 8 UNITS HAVE 3 BEDROOMS 3.5 BATHS, ALL EIGHT OF THESE HAVE MASTER SUITES. UPGRADES INCLUDE MARBLE FLOORS IN KITCHEN, GRANITE COUNTERTOPS IN KITCHENS and BATHS, , HIGH CEILINGS, BERBER CARPET, WHIRLPOOL STAINLESS STEAL APPLIANCES, CANADIAN MAPLE WOOD CABINETS, WASHER AND DRYER HOOK UPS, CENTRAL AIR AND HEAT, DOUBLE PAIN WINDOWS, 2 CAR GARAGES, PATIOS, ALL UNITS ARE IN GOOD SHAPE. TENANTS PAY ELECTRIC AND GAS.

Association
Fireplace
Pool Private
Rent Control
Property Attached
Land Lease

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Address Information
Address24426 Dracaea Avenue, Moreno Valley
Street SuffixAvenue
CityMoreno Valley
Location (MLS Area)259 – Moreno Valley
County Or ParishRiverside
State or ProvinceCA
Postal Code92553
Postal Code Plus46290
CountryUS
Financial Information
Price per Square Foot$181.48
Price per Lot Square Foot$4,934.54
Special ConditionsStandard
Total Expenses$55,400
Professional Management Expense$13,000
Operating Expense$55,400
Insurance Expense$5,500
Gardner Expense$4,000
Electric Expense$300
Water Sewer Expense$15,800
Trash Expense$6,400
Gross Operating Income$325,338
Gross Income$335,400
Gross Scheduled Income$335,400
Net Operating Income$269,938
Total Actual Rent$27,500
Vacancy Allowance$10,062
Tax Year2000
Tax Lot1
Full Descriptions
Parcel Number482081001
Detailed Description18 THREE STORY LUXURY TOWN HOMES FOR SALE. ALL HAVE SEPARATE APN#S BUT HOA HASN’T BEN ACTIVATED YET. COULD BE ACTIVATED AND SOLD SEPARATELY IN THE FUTURE. 10 UNITS HAVE 3 BEDROOMS 2.5 BATHS PLUS LOFT ON THIRD FLOOR. 8 UNITS HAVE 3 BEDROOMS 3.5 BATHS, ALL EIGHT OF THESE HAVE MASTER SUITES. UPGRADES INCLUDE MARBLE FLOORS IN KITCHEN, GRANITE COUNTERTOPS IN KITCHENS and BATHS, , HIGH CEILINGS, BERBER CARPET, WHIRLPOOL STAINLESS STEAL APPLIANCES, CANADIAN MAPLE WOOD CABINETS, WASHER AND DRYER HOOK UPS, CENTRAL AIR AND HEAT, DOUBLE PAIN WINDOWS, 2 CAR GARAGES, PATIOS, ALL UNITS ARE IN GOOD SHAPE. TENANTS PAY ELECTRIC AND GAS.
Lot Features16-20 Units / Acre
Community FeaturesCurbs
Water SourcePublic
Heating DescriptionCentral Furnace
Fireplace FeaturesNone
Common Walls Description2
Pool FeaturesNone
Property parameters
Year Built2007
Living Area (Sq.Ft.)27,000 ft2
Lot Size (Sq.Ft.)993
Lot Size SourceAssessor
Number of Buildings5
Number of Units Leased18
Number of Units Total18
Parking Spaces2
Garage Spaces2
LevelsThree Or More
Water SourcePublic
Units Total18
Vacancy Allowance Rate3%
Average 3 Bedroom Area1,500 ft2
Number of Separate Electric Meters19
Number of Separate Gas Meters18
Number of Separate Water Meters3
Listed withARTHUR DRESCH (ARTHUR DRESCH REALTY)