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 ( Multi-Family )
    • Street Address: 22869 Adrienne Avenue
    • Viewed: 21
    • Price: $2,100,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1971
    • Bldg sqft: 0
    • Days On Market: 105
    • Additional Information
    • County: RIVERSIDE
    • City: Moreno Valley
    • Zipcode: 92553
    • Provided by: Citivest Realty Services, Inc
    • Contact: Michael Michael
    • California Regional MLS IDX
    • 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
    Property Type
    1. Multi-Family
    Views
    1. 21
    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