21840 Cottonwood Avenue

Moreno Valley, CA 92553

$2,699,000
Price
14
Beds
5,000 Sq. Ft.
$540 / Sq. Ft.
5,000
Sq. Ft.
$540
per Sq. Ft.

Description

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 monthThere 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
  1. Listed by Tilak Chopra • DRE #00865458 • Brokerage DRE #00865458 • CAL Top Realty & Investments • 714-267-2552

Property Details for 21840 Cottonwood Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5000
Assessor Parcel Number
263-170-004
Property Attached YN
true
LISTING UPDATED: 06/29/2024 06:30 AM

Property Details for 21840 Cottonwood Avenue

StatusActive
MLS #PW23150505
Days on Market494
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1976
CountyRiverside County

Building Information for 21840 Cottonwood Avenue

Building/Complex21840 Cottonwood AveFloor-Stories1Residences-Pet Policy-Year Built1976Building Size-

Property Information for 21840 Cottonwood Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $8,285
  • Gross Scheduled Income: $99,420
  • Gross Operating Income: $99,420
  • Net Operating Income: $69,420
Expense Details
  • Operating Expense: $30,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $4,200
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $3,000
  • Total Expenses: $30,000
Tax / Assessment Info
  • Tax Tract Number: 1
  • Tax Census Tract: 425.05
  • CFD/Mello-Roos Fee: $292
  • Tax Lot: 53
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 263-170-003,263-170-006,007
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Other
  • Sewer/Septic: Other/Remarks
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,575
  • Unit Type Total Rent: $1,575
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,160
  • Unit Type Total Rent: $1,160
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 6
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 21840 Cottonwood Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 21840 Cottonwood Avenue

Taxable ValueLand$95,588Additions$134,215Total$229,803
Tax Record2024$2,915 ($243 / month)
Home Facts
Beds2Baths1Total Finished SqFt864 SqFtAbove Grade Finished SqFt864 SqFtStories1Lot Size69,260 SqFtStyleSingle Family ResidenceYear Built1976ZoningR2CountyRIVERSIDEAPN263-170-004Fireplace TypeHas Fireplace

Schools near 21840 Cottonwood Avenue

This home is within Moreno Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Edgemont Elementary School
PublicK to 5

Sunnymead Middle School
Public6 to 8

Moreno Valley High School
Public9 to 12

Alessandro School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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21840 Cottonwood Avenue is a multi-family home for sale in Moreno Valley, CA 92553. This property was listed for sale on August 12, 2023 by CAL Top Realty & Investments, it's currently listed at $2,699,000. This listing's school district is Moreno Valley Unified School District. Nearby schools include Edgemont Elementary School, Sunnymead Middle School and Moreno Valley High School. 21840 Cottonwood Avenue is a 14-bed, 0-bath, 5,000 sqft multi-family home built in 1976.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CAL Top Realty & Investments, Tilak Chopra, DRE #00865458

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.