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22869 Adrienne Avenue

Moreno Valley, CA 92553

– beds
– baths
– sqft
13,940 sqft lot
1971 build
– on site

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 $156,692 could be obtained by self-managing property. Close to Cottonwood Golf Center, 99 Cents Store, TJ Maxx, BJ's Restaurant, Chili Grill, Ross, Banks and Moreno Valley Mall.

Listed By CRMLS_CA / Michael Lembeck / Citivest Realty Services, Inc / 714-742-3700

Last checked: Checking… • Last updated Dec 17, 2024 •

MLS# PW24239554 —

The Building

Year Built:

1971
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Stucco
Building Area Total:

10000.00
Building Area Units:

Square Feet
Total Number Of Units:

12
# of Buildings:

2
Stories Total:

2
Entry Level:

1
Common Walls:

1 Common Wall
# of Separate Gas Meters:

12
# of Separate Water Meters:

1
# of Separate Electric Meters:

12

Interior

Levels:

Two
Entry Location:

Ground
Flooring:

Carpet
Number Wall AC:

12
Fireplace:

No
Fireplace:

None
Laundry:

Community
Laundry:

1

Location

Directions:

Cross Streets: Alessandro Blvd. and Fredericks St.
Latitude:

33.91792900
Longitude:

-117.26370000

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

R3
Lot Features:

11-15 Units/Acre
Lot Size Area:

13940.0000
Lot Size Acres:

0.3200
Lot Size SqFt:

13940.00
Lot Size Source:

Assessor
View:

1
View:

Neighborhood
Exclusions:

All tenant personal items.
Property Attached:

1
Additional Parcels:

No
Additional Parcels Description:

291-294-008
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

467.00
Tax Tract:

2831
Tax Lot:

15

The Listing

Special Listing Conditions:

Standard
Parcel Number:

291294007

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Sewer:

Sewer Paid
Electric:

Electricity - On Property
Water Source:

Public

Appliances

Appliances:

Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Water Heater
Included:

Yes

The Community

Features:

Biking, Curbs, Gutters, Sidewalks, Suburban
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

12.00
Carport Spaces:

12.00

Extra Units

Number With Carpet:

12
Number With Disposal:

12

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/25/24 Nov 25, 2024	Listed / Active	CRMLS_CA	$2,100,000

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This multifamily located in Edgemont, Moreno Valley, CA 92553 is currently for sale for $2,100,000. 22869 Adrienne Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 27 days. 22869 Adrienne Avenue is in the Edgemont neighborhood of Moreno Valley and has a WalkScore® of 68, making it somewhat walkable. This multifamily is in the attendance area of Badger Springs Middle School, Edgemont Elementary School, and Moreno Valley High School.

Listing Courtesy of: CRMLS_CA and Citivest Realty Services, Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 17:07 on Dec 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.