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    23752 Sunnymead Boulevard

    Moreno Valley, CA 92553
    • $6,300,000
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: OC21161787
    UPDATED: 41 min ago
    $6,300,000
    • 0
      BEDS
    • 4.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    These twenty-six apartment units and two retail units are located at 23782 Sunnymead Blvd, Moreno Valley, California. Built in 1960, this 100% single story cottage style complex is situated on a large lot of 4.03 acres with approximately 24,900 rentable square feet. The property consists of six 1-bed 1-bath units averaging 650 square feet each, fourteen 2-bed 1-bath units averaging 850 square feet each, six 3-bed 1-bath units averaging 1,017 square feet each, and two retail units averaging 1,500 square feet each.The location of the property is on Sunnymead Boulevard across the street from a major regional shopping center. Sunnymead Blvd is a major traffic road with high visibility, and it has convenient access to Freeway I-60 and I-215. The city of Moreno Valley is located at the intersection of FWY 60 and 215, and bordered by the city of Riverside and Redlands. Recent industrial development and high employment growth has transformed and revitalized the area. Moreno Valley is expected to become a large hub for fulfillment and distribution warehouse centers. The region continues to draw new residents from nearby Los Angeles, Orange County and San Diego as renters opt for cheaper housing.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T14:34:15.323. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
    www.debonishomes.com/homes/120281785
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    23752 Sunnymead Boulevard Moreno Valley, CA 92553

    • Price: $6,300,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: OC21161787
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.03
    Acres
    1960
    Built
    Neighborhood:
    259 - Moreno Valley
    County:
    Riverside
    Area:
    259 - Moreno Valley
    Property Description
    These twenty-six apartment units and two retail units are located at 23782 Sunnymead Blvd, Moreno Valley, California. Built in 1960, this 100% single story cottage style complex is situated on a large lot of 4.03 acres with approximately 24,900 rentable square feet. The property consists of six 1-bed 1-bath units averaging 650 square feet each, fourteen 2-bed 1-bath units averaging 850 square feet each, six 3-bed 1-bath units averaging 1,017 square feet each, and two retail units averaging 1,500 square feet each.The location of the property is on Sunnymead Boulevard across the street from a major regional shopping center. Sunnymead Blvd is a major traffic road with high visibility, and it has convenient access to Freeway I-60 and I-215. The city of Moreno Valley is located at the intersection of FWY 60 and 215, and bordered by the city of Riverside and Redlands. Recent industrial development and high employment growth has transformed and revitalized the area. Moreno Valley is expected to become a large hub for fulfillment and distribution warehouse centers. The region continues to draw new residents from nearby Los Angeles, Orange County and San Diego as renters opt for cheaper housing.
    Exterior Features

    Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 28 Open Parking Spaces 28 Parking Features AssignedAsphaltDrivewayGaragePavedPrivateUncovered Parking Total 56 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls Heating Wall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN Yes Association Fee 0 Association YN No Cap Rate 5.1 Common Interest None Community Features BikingCurbsGutter(S)SuburbanSidewalks Electric Expense 5969 Fuel Expense 508 Garage YN Yes Gross Income 510072 Gross Scheduled Income 510072 Insurance Expense 15849 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupInside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Maintenance Expense 14000 Net Operating Income 318145 New Construction YN No New Taxes Expense 68725 Number Of Separate Gas Meters 28 Number Of Separate Water Meters 3 Number Of Units Leased 28 Operating Expense 176625 Pest Control Expense 2700 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 42506 Trash Expense 11546 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 15302 Water Sewer Expense 14333 Water Source Public

    Listing provided courtesy of Mark Bridge of Mark Bridge, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T14:34:15.323. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
     
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    The DeBonis Team | Realty Masters & Associates
    19040 Van Buren Boulevard #107
    Riverside CA, 92508