Residential Income – 21796 Cottonwood Ave, Moreno Valley, CA 92553, USA -001-11-30T00:00:00-08:00
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
21796 Cottonwood Ave, Moreno Valley, CA 92553, USA
$2,499,000 USD
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Address21796 Cottonwood Avenue, Moreno Valley
Price$2,499,000
Price Changed16.69% (-$500,990, 145 days ago)
Year Built1960
Bedrooms Total0
Living Area4,000 ft2
Lot Size (Sq.Ft.)261,360
Listing IDPW17148968
StatusActive
Parcel Number263170007
ZoningR2
Special ConditionsProbate Listing
Days on Market527

Detailed 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

Cooling
Fireplace
Laundry
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

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Address Information
Address21796 Cottonwood Avenue, Moreno Valley
Street SuffixAvenue
CityMoreno Valley
Location (MLS Area)259 – Moreno Valley
County Or ParishRiverside
State or ProvinceCA
Postal Code92553
CountryUS
Financial Information
Price Changed-16.6997%
Previous Price$2,999,990
Price per Square Foot$624.75
Price per Lot Square Foot$9.56
Special ConditionsProbate Listing
Total Expenses$16,560
Operating Expense$16,560
Operating Expense30%
Gross Operating Income$54,000
Gross Income$4,600
Gross Scheduled Income$54,000
Net Operating Income$37,440
Tax Year2000
Tax Lot41
Full Descriptions
Parcel Number263170007
Detailed DescriptionThis 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
Lot Features16-20 Units / Acre
Community FeaturesStreet Lighting
Water SourcePublic
UtilitiesNatural Gas Available, Phone Available, Water Available
Laundry FeaturesInside
Heating DescriptionFloor Furnace
Cooling DescriptionNone
Fireplace FeaturesNone
Common Walls Description2
Pool FeaturesNone
Property parameters
Year Built1960
Living Area (Sq.Ft.)4,000 ft2
Lot Size (Sq.Ft.)261,360
Number of Buildings3
Number of Units Total6
ZoningR2
LevelsOne
Water SourcePublic
Units Total6
Year Built SourceEstimated
Average 2 Bedroom Area700 ft2
Average 3 Bedroom Area800 ft2
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Listed withTilak Chopra (CAL Top Realty & Investments)