Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    22869 Adrienne Avenue, Moreno Valley, CA 92553
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    22869 Adrienne Avenue
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    • MLS#: PW24239554 ( Apartment )
    • Street Address: 22869 Adrienne Avenue
    • Viewed: 11
    • Price: $2,100,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1971
    • Bldg sqft: 0
    • Days On Market: 72
    • Additional Information
    • County: RIVERSIDE
    • City: Moreno Valley
    • Zipcode: 92553
    • Provided by: Citivest Realty Services, Inc
    • Contact: Michael Michael
    • DMCA Notice
    • Description
      22869 22877 Adrienne Ave. Well maintained 12 units with center courtyard. Located in great rental area. Always rented and always full. Excellent unix mix of one, two, and three bedrooms. 4.89% cap rate on existing rents. Gated parking in the rear of the property. Seller increasing rents to bring 2025 income to $147,092 and cap rate to 5.2%. One 3 bedroom unit rented to the on site manager at a reduced rate. Proforma income of $156,692 could be obtained by self managing property. Close to Cottonwood Golf Center, 99 Cents Store, TJ Maxx, BJ's Restaurant, Chili Grill, Ross, Banks and Moreno Valley Mall.
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    Features
    Additional Parcels Description
    1. 291-294-008
    Appliances
    1. Disposal
    2. Gas Oven
    3. Gas Range
    4. Gas Cooktop
    5. Gas Water Heater
    6. Water Heater
    Building Area Total
    1. 10000.00
    Carport Spaces
    1. 12.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 1 Common Wall
    Construction Materials
    1. Stucco
    Cooling
    1. Wall/Window Unit(s)
    Country
    1. US
    Days On Market
    1. 42
    Electric
    1. Electricity - On Property
    Entry Location
    1. Ground
    Exclusions
    1. All tenant personal items.
    Fireplace Features
    1. None
    Flooring
    1. Carpet
    Garage Spaces
    1. 0.00
    Have
    1. 12 units with center courtyard
    Heating
    1. Wall Furnace
    Insurance Expense
    1. 0.00
    Laundry Features
    1. Community
    Laundry Income
    1. 5492.00
    Levels
    1. Two
    Lockboxtype
    1. None
    Lot Features
    1. 11-15 Units/Acre
    Netoperatingincome
    1. 109118.00
    Number Of Separate Electric Meters
    1. 12
    Number Of Separate Gas Meters
    1. 12
    Number Wallac
    1. 12
    Number With Carpet
    1. 12
    Number With Disposal
    1. 12
    Parcel Number
    1. 291294007
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Apartment
    Sewer
    1. Sewer Paid
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 427812347:CRM
    Tenant Pays
    1. Electricity
    2. Gas
    3. Telephone
    Totalactualrent
    1. 11220.00
    Totalexpenses
    1. 35033.00
    Trash Expense
    1. 0.00
    Vacancyallowance
    1. 2941
    View
    1. Neighborhood
    Views
    1. 11
    Water Sewer Expense
    1. 0.00
    Water Source
    1. Public
    Year Built
    1. 1971
    Year Built Source
    1. Assessor
    Zoning
    1. R3
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836