21840 Cottonwood, Moreno Valley, CA 92553
List Price: $2.27M
Listing Status: Active
Original List Price: $2.4M
0Days on Market: 223
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1976
Lot Size: 260,924.4 sq ft
Private Pool: Yes
MLS Number: PW25243605
About This Property
THERE ARE TOTAL 4 PARCELS AS FOLLOW 263-170-004,263-170-003,263-170-006,263-170-007 TOTAL ALMOST 6 ACRES OF LAND .ONE PARCEL IS ZONED R-15 CAN BUILS UPTO 15-16 APARTMENTS REST IT IS R-3 3 HOUSES +3 ADU PER ACRE TOTAL DEVELOPMENT WILL BE 15 HOUSES AND 15 ADU+16 APRTMENTS.PLEASE CONFIRM WITH CITY. PROPERTY NEEDS MINOR CLEAN UP TO BRING TO MARKET RENT WHICH WILL BE BETWEEN $13000-$14500 PER MONTH. AT PRESENT THERE ARE 6 UNITS TOTAL INCOME ABOUT $9700 PER MONTH . TRIPLEX 2 3BD 1 BA UNIT AND 1 2BD 1BA AND 1 DUPLEX 2BD 1 BA AND ONE SINGLE FAMILY HOMES 2BD 1 BA. 3BD 1 BA UNIT PERFORMA RENT TO BE MINIMUM $2600 PER MONTH AND 2 BD SHOLD BE MINIMUM $2200 PER MONTH SO GROSS RENT SHOULD BE $14000 PER MONTH . MAKE OFFERS. GREAT POTENTIAL PROPERTY WALKING DISTANCE TO MALL AND SHOPPING,CLOSE TO FREEWAY 215 AND 60 FWY. RENTS EFFECTIVE FEB1,2026 WILL BE $9700 PER MONTH.PRICE REDUCED $125000.MAKE OFFERS.BRAND NEW ROOF ,NEW FLOORING ,NEW KITCHEN CABINETS INSTALLED. 6 UNITS ON 6 ACRES WITH POTENTIAL TO ADD MORE UNITS AND HOUSES.GREAT GREAT POTENTIAL PROPERTY.
Listing provided by: Tilak Chopra DRE #00865458 714-777-9307 JAIMATA7@SBCGLOBAL.NET, CAL Top Realty & Investments
Source: CRMLS, MLS #: PW25243605
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.