22869 Adrienne Avenue

Moreno Valley, CA 92553

$2,100,000
Price
13
Beds
12
Baths
10,000 Sq. Ft.
$210 / Sq. Ft.
10,000
Sq. Ft.
$210
per Sq. Ft.

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.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.
  1. Listed by Michael Lembeck • DRE #01019397 • Brokerage DRE #01875823 • Citivest Realty Services, Inc • 714-742-3700

Property Details for 22869 Adrienne Avenue

View
Neighborhood
Parking Spaces Total
12
Private Pool
No
Cooling Type
Wall/Window
Total Units
12.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
10000
LISTING UPDATED: 11/25/2024 04:34 AM

Property Details for 22869 Adrienne Avenue

StatusActive
MLS #PW24239554
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1971
CountyRiverside County

Building Information for 22869 Adrienne Avenue

Building/Complex22869 Adrienne AveFloor-Stories2Residences-Pet Policy-Year Built1971Building Size-

Property Information for 22869 Adrienne Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $140,132
  • Gross Scheduled Income: $140,132
  • Vacancy Allowance: 2802
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $137,330
  • Net Operating Income: $102,297
  • Laundry Income: $5,492
  • Gross Multiplier: 14.9
  • Cap Rate: 4.87
Expense Details
  • Operating Expense: $35,033
  • Operating Expense Percent: 25.00%
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $35,033
Tax / Assessment Info
  • Tax Tract Number: 2831
  • Tax Census Tract: 467.00
  • CFD/Mello-Roos Fee: $1,690
  • Tax Lot: 15
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Water Heater
  • Equipment: Community
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Community
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Entry Location: Ground
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 291-294-008
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 12
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 12
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $875
  • Unit Type Total Rent: $875
  • Unit Type Pro Forma: 915
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $855
  • Unit Type Total Rent: $3,420
  • Unit Type Pro Forma: 915
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $905
  • Unit Type Total Rent: $905
  • Unit Type Pro Forma: 915
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,055
  • Unit Type Total Rent: $3,165
  • Unit Type Pro Forma: 1250
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,150
  • Unit Type Total Rent: $1,150
  • Unit Type Pro Forma: 1250
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,255
  • Unit Type Total Rent: $1,255
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $450
  • Unit Type Total Rent: $450
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 7
Unit Information
  • Number Of Units Leased: 0
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number With Carpet: 12
  • Number With Disposal: 12
  • Number Wall AC: 12

Property History for 22869 Adrienne 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 22869 Adrienne Avenue

Taxable ValueLand$68,267Additions$398,237Total$466,504
Tax Record2024$7,273 ($606 / month)
Home Facts
Total Finished SqFt3,108 SqFtAbove Grade Finished SqFt3,108 SqFtStories1Lot Size6,969 SqFtStyleMulti-Family Res (5+ Units)Year Built1971ZoningR3CountyRIVERSIDEAPN291-294-007

Schools near 22869 Adrienne 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

Badger Springs 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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22869 Adrienne Avenue is a multi-family home for sale in Moreno Valley, CA 92553. This property was listed for sale on November 25, 2024 by Citivest Realty Services, Inc, it's currently listed at $2,100,000. It has been on the market for a total of 1 days and was last sold on December 29, 2016. This listing's school district is Moreno Valley Unified School District. Nearby schools include Edgemont Elementary School, Badger Springs Middle School and Moreno Valley High School. 22869 Adrienne Avenue is a 13-bed, 12-bath, 10,000 sqft multi-family home built in 1971.

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 Citivest Realty Services, Inc, Michael Lembeck, DRE #01019397

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.