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4 Condo Portfolio - Moreno Valley 4 Flex Condos Offered at $1,620,000 in Moreno Valley, CA
INVESTMENT HIGHLIGHTS
- All 4 Condos are 3 Bedrooms with an attached two car garage
- Iris Ave HOA Amenities: 35-Acre Lake, Recreation Center, Community Pool, Gated entrance/exit, BBQ Area, Picnic Area, Playground
- 5.01% Cap Rate & 12.62 GRM on newer construction (2006-2007 yr built)
- Lasselle St HOA Amenities: Playground, Paseos, Picnic Area, BBQ Area, Gated entrance/exit
EXECUTIVE SUMMARY
Do not Disturb Tenants!! Rare opportunity to own five individual condominiums built between 2006-2007, offered together as a unique portfolio. Each condominium has 3 bedrooms with open floor plans, in-unit laundry, HOA Amenities, Central Air/Heat, & two-car garages. The newer construction offers updated systems & energy-efficient features. All properties are in gated communities. 5.01% Cap Rate, 12.01 GRM, $259/sqft. Perfect for investors looking for newer construction, cash-flow, & potential to sell units individually in the future. See attached OM for additional information.
26279 Iris Ave #E:
https://www.zillow.com/view-imx/2dfe341e-5607-448b-a957-d05ee8f24d58?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
26335 Iris Ave #D:
https://www.zillow.com/view-imx/83ff66ab-e3ef-40ac-a8d9-61f013001e83?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
26287 Iris Ave #E:
https://www.zillow.com/view-imx/1a21f086-d69b-453a-a902-c3531b68febb?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
15611 Lasselle St #21:
https://www.zillow.com/view-imx/80205733-bc43-4742-b40c-04a21953ad7d?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
26279 Iris Ave #E:
https://www.zillow.com/view-imx/2dfe341e-5607-448b-a957-d05ee8f24d58?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
26335 Iris Ave #D:
https://www.zillow.com/view-imx/83ff66ab-e3ef-40ac-a8d9-61f013001e83?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
26287 Iris Ave #E:
https://www.zillow.com/view-imx/1a21f086-d69b-453a-a902-c3531b68febb?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
15611 Lasselle St #21:
https://www.zillow.com/view-imx/80205733-bc43-4742-b40c-04a21953ad7d?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $1,620,000 | Status | Active |
| Price / SF | $259.99 / SF | Number of Properties | 4 |
| Sale Conditions | Individually For Sale | 0 | |
| Cap Rate | 5.01% | Total Building Size | 6,231 SF |
| Sale Type | Investment or Owner User |
| Price | $1,620,000 |
| Price / SF | $259.99 / SF |
| Sale Conditions | |
| Cap Rate | 5.01% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 6,231 SF |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 15611 Lasselle St, 1st Floor - Unit 21, Moreno Valley, CA 92551 | Flex Condo | 1,599 SF | 2007 | - |
| 26335 Iris Ave, 1st Floor - Unit D, Moreno Valley, CA 92555 | Flex Condo | 1,544 SF | 2006 | - |
| 26287 Iris Ave, 1st Floor - Unit E, Moreno Valley, CA 92555 | Flex Condo | 1,544 SF | 2006 | - |
| 26279 Iris Ave, 1st Floor - Unit E, Moreno Valley, CA 92555 | Flex Condo | 1,544 SF | 2006 | - |
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4 Condo Portfolio - Moreno Valley
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