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Listed by Adrian Villalobos • The Realty Co
$1,200,000
Est. payment /mo
3,484 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,484 sqft
Price per Sqft $344
MLS Listing ID CRPW25265393
HOA Y/N No
Year Built 1979
Lot Size 6,969 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
Property Description
Well-maintained four-unit multifamily property located in a strong rental area of Moreno Valley. All four units are 2-bedroom, 1-bath layouts and the property is fully occupied with stable tenants and a favorable utility structure. Unit 1: $2,000/month – Lease through 5/2026 Unit 2: $1,803/month – Month-to-month Unit 3: $1,900/month – Month-to-month Unit 4: $1,900/month – Month-to-month Gross Scheduled Income: $91,236 annually - Each unit has its own electric and gas meter; tenants pay their own usage - Fifth electric meter services common-area lighting - Fifth gas meter services shared water heater (owner pays) - One water meter – water paid by owner - Average monthly owner utilities: approx. $450 - Gardener: $200/month - Trash: $151/month - Pest control: $80/month Insurance: $333/month Tax Rate 1.13% Annual Operating Expenses: $14,568 Property offers stable tenancy with potential for rent adjustments on the three month-to-month units. Convenient location near shopping, transportation, and community amenities. A solid opportunity for buyers seeking a well-performing multifamily investment.
Location
State CA
County Riverside
Interior
Fireplace No
Laundry Common Area
Building
Lot Description Other, Front Yard, Garden
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James Dye
Broker Associate | License ID: 00897803
Broker Associate License ID: 00897803