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21840 Cottonwood Ave - 6 units on 6 acres on Cottonwood ave. 6 Unit Apartment Building Offered at $2,300,000 at a 3.74% Cap Rate Moreno Valley, CA 92553

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INVESTMENT HIGHLIGHTS

  • GREAT DEVELOPMENT PROPERTY
  • REMODEL EXISTING +ADD NEW UNITS
  • EXCELLENT LOCATION WALKING DISTANCE TO BOTH MALLS

EXECUTIVE SUMMARY

There are total 6 units on 6 acres of land in the heart of Moreno Valley walking distance to both Malls ,school,church.ONE SINGLE FAMILY HOME ADDRESS 21840 COTTONWOOD,ONE DUPLES 21820,21826 COTTONWOOD ,ONE TRIPLEX ADDRESS 21800 g ,h,i COTTONWOOD. 4 ARE 2BD 1 BA AND 2 UNITS 3 BD 1 BA. RENTS ARE WAY BELOW MARKET ,NEEDS REMODELING.ONCE FIXED UP RENT WILL BE OVER $13000 PER MONTH AND +YOU HAVE LAND TO DEVELOP ,AS PER CITY ONE PARCEL CAN HAVE 15-16 APARTMENT UNITS AND REST R-3 , 3 HOUSES +3 ADU PER ACRES .SO TOTAL CAN BE 15 HOUSES +15 ADU AND 16 APARTMENTS.PLEASE CHECK WITH CITY FOR DETAILS.
PARCEL #263-170-003,263-170-004,263-170-006,263-170-007. MAKE ALL OFFERS SELLER MOTIVATED TO SELL.EFFECTIVE FEB 1,2026 RENT WILL BE $9675 PER MONTH.PER FORMA CAP TO BE 5.25% AND PLUS FREE LAND TO DEVELOP LATER ON.

FINANCIAL SUMMARY (ACTUAL - 2026) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2026) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $2,300,000
Price Per Unit $383,333
Sale Type Investment
Cap Rate 3.74%
Sale Conditions
Deferred Maintenance
  • Redevelopment Project
Gross Rent Multiplier 22
No. Units 6
Property Type
Multifamily
  • Multifamily Apartments
Building Class C
Lot Size 6.00 AC
Building Size 6,000 SF
Average Occupancy 100%
No. Stories 1
Year Built 1960
Opportunity Zone Yes
Zoning R-15 - ONE PARCEL ZONED R-15 IT CAN ACCOMMODATE 15-16 UNITS REST ALL 3 OTHER PARCELS R-3 ,3 HOUSES PER ACRE+3 ADU.PLEASE CHECK WITH CITY.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 4 $1,350 700
3+1 2 $1,750 10,501

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 263-170-007
  • 263-170-006
Land Assessment
$189,311 (2025)
Improvements Assessment
$65,999 (2025)
Total Assessment
$255,310 (2025)
  • Listing ID: 38255609

  • Date on Market: 10/29/2025

  • Last Updated:

  • Address: 21840 Cottonwood Ave, Moreno Valley, CA 92553

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