REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Tilak Chopra • CAL Top Realty & Investments
$ 2,275,000
Est. payment /mo
Price Dropped by $25K
21840 Cottonwood Moreno Valley, CA 92553
864 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 864 sqft
Price per Sqft $2,633
MLS Listing ID PW-25243605
Year Built 1976
Lot Size 5.990 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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.
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.
Location
State CA
County Riverside
Area 259 - Moreno Valley
Interior
Heating Central
Laundry In Kitchen
Exterior
Pool None
Community Features Street Lights
Building
Lot Description 2-5 Units/Acre
NEARBY SCHOOLS & PROPERTIES