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13959-13979 Frederick St
Moreno Valley, CA 92553
Multifamily Property For Sale
·
13 Units
PROPERTY FACTS
| No. Units | 13 | Building Size | 7,175 SF |
| Property Type | Multifamily | Average Occupancy | 77% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1974 |
| Building Class | C | Parking Ratio | 1.81/1,000 SF |
| Lot Size | 0.33 AC | ||
| Zoning | R3 | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 7,175 SF |
| Average Occupancy | 77% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
SITE AMENITIES
- Laundry Facilities
ABOUT 13959-13979 FREDERICK ST , MORENO VALLEY, CA 92553
Marcus & Millichap is pleased to present the exclusive listing of a thirteen-unit apartment building at 13959 Frederick Street centrally located in the growing Moreno Valley. This property offers 12 courtyard style one-bedrooms and 1 charming two-bedroom comprising 7,175 rentable square feet in the heart of Moreno Valley. The subject property includes spacious units with laminate floors, onsite laundry, composite pitched roofs, assigned carport parking, and a central courtyard connecting the units. With current rents below the market standard, an investor has the ability to bring rents to market as leases expire in a rapidly growing alcove of Riverside County. Home to a diverse and growing population, Moreno Valley boasts convenient access to both the 60 and 215 freeways. In addition, just over a mile away sits the Moreno Valley Mall which provides plentiful shopping and entertainment options for tenants. Moreno Valley is in proximity of many natural trails and reserves, including the famous Box Springs Mountain. Also, just a few minutes away is Perris Reservoir, which offers a plentiful amount of swimming, boating, fishing, and camping activities. Due to the immediate rental upside, this apartment building is a great opportunity in one of the highest potential upside cities in Riverside County.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $742.00 | - |
| 2+1 | 1 | $1,000 | - |
PROPERTY TAXES
| Parcel Number | 291-294-030 | Improvements Assessment | $1,482,735 |
| Land Assessment | $88,814 | Total Assessment | $1,571,549 |
PROPERTY TAXES
