About 21840 Cottonwood Ave
There are total 6 acres of land and 6 apartments, selling as land value as you can build additional houses and apartments on this property, it is an excellent location for development. Rental income effective Feb 1,2024 will be $8285 which is way below market rent ,Market rent for 2 bd is $2100 and 3 bd 2800 . Market rent could be $12000+ per month
Features of 21840 Cottonwood Ave
| MLS® # | PW23150505MR |
|---|---|
| Price | $2,699,000 |
| Units | 6 |
| Bedrooms | 14 |
| Square Footage | 5,000 |
| Acres | 6.00 |
| Year Built | 1976 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 21840 Cottonwood Ave |
|---|---|
| Area | Moreno Valley |
| City | MORENO VALLEY |
| County | Riverside |
| State | CA |
| Zip Code | 92553 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | None |
Interior
| Heating | Central |
|---|---|
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 1 |
| Has Basement | No |
Additional Information
| Date Listed | August 12th, 2023 |
|---|---|
| Days on Market | 281 |
| Zoning | R2 |
| Foreclosure | No |
| RE / Bank Owned | No |
| Gross Operating Income | $99,420 |
| Net Operating Income | $69,420 |
Unit 1 Details
| Beds | 2 |
|---|---|
| Rent | $1,575 |
Unit 2 Details
| Beds | 2 |
|---|---|
| Rent | $1,160 |
Unit 3 Details
| Beds | 2 |
|---|---|
| Rent | $1,650 |
Unit 4 Details
| Beds | 2 |
|---|---|
| Rent | $1,000 |
Unit 5 Details
| Beds | 3 |
|---|---|
| Rent | $1,500 |
Unit 6 Details
| Beds | 3 |
|---|---|
| Rent | $1,400 |
Listing Details
| Agent | Tilak Chopra (00865458) |
|---|---|
| Office | CAL Top Realty & Investments |