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22936 Allies Pl 4 Unit Apartment Building $1,450,000 ($362,500/Unit) 4.28% Cap Rate Moreno Valley, CA 92553

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EXECUTIVE SUMMARY

Recently remodeled apartment building, presently 4 units with 5 enclosed detached garages. it could be converted into a 5 unit apartment building. all gated, double pane windows, front unit is like a one story house with a fireplace, Roof has been replaced in 2019. great potential for rent increases, long term tenants. At this moment , landlord pays for water and trash and a common gas water heater.

FINANCIAL SUMMARY (ACTUAL - 2024) 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 $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) 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 $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $1,450,000
Price Per Unit $362,500
Sale Type Investment
Cap Rate 4.28%
Gross Rent Multiplier 6.2
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.16 AC
Building Size 4,284 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1965/2019
Parking Ratio 1.17/1,000 SF
Zoning R3

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+1 2 $1,538 900 - 1,100
3+2.5 1 $1,550 1,100
2+1 1 $1,460 800

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
291-283-022
Land Assessment
$117,127 (2025)
Improvements Assessment
$440,628 (2025)
Total Assessment
$557,755 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 33748951

  • Date on Market: 11/4/2024

  • Last Updated:

  • Address: 22936 Allies Pl, Moreno Valley, CA 92553

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