Stable income property with long term tenants. Both units have been upgraded with all new luxury vinyl flooring in recent years. Rear unit has tile roof and recently been completely rehab within the past 6 months. Two units separated from each other and each has its own private yard. Priced lower than most other income properties for a quick sale.
Currently Tenant Occupied, Please Do Not Disturb Tenants!! Rare opportunity to own THREE individual condominiums in the coveted Iris Landing Community! Potential to be delivered vacant. Calling all owner user buyers! Each condominium has 3 bedrooms with open floorplans, in-unit laundry, HOA Amenities, Central Air/Heat, & two-car garages. The newer construction offers updated systems & energy-efficient features. Pride of ownership, gated community. $271/sqft. Perfect for investors looking for newer construction, cash-flow, & potential to sell units individually in the future. All three condos have 3 Bedrooms & 2.25 Baths. Step inside to high ceilings and an open-concept layout filled with natural light. The spacious kitchen flows seamlessly into the living and dining area, perfect for entertaining or relaxing with family by the fireplace. The master bedroom has a walk-in closet and dual vanity sinks in the bathroom. Laundry room downstairs. There is also a two car garage with direct access into your property. Living in the IRIS LANDING community means you will have access to an array of amenities provided by the Moreno Valley Rancho HOA: including a 35-acre lake, large community pool, fitness centers, opportunity to kayak, fish, or paddleboard, a RESIDENT ONLY recreation center, private and public parks. Tenant pays: $2695/Month. See OM and showing remarks for virtual tour! -- 26335 Iris Ave #D (APN: 308612065) -- 26287 Iris Ave #E (APN: 308612036) -- 26279 Iris Ave #E (APN: 308612005)
Well-maintained four-unit multifamily property located in a strong rental area of Moreno Valley. All four units are 2-bedroom, 1-bath layouts and the property is fully occupied with stable tenants and a favorable utility structure. Unit 1: $2,000/month – Lease through 5/2026 Unit 2: $1,803/month – Month-to-month Unit 3: $1,900/month – Month-to-month Unit 4: $1,900/month – Month-to-month Gross Scheduled Income: $91,236 annually - Each unit has its own electric and gas meter; tenants pay their own usage - Fifth electric meter services common-area lighting - Fifth gas meter services shared water heater (owner pays) - One water meter – water paid by owner - Average monthly owner utilities: approx. $450 - Gardener: $200/month - Trash: $151/month - Pest control: $80/month Insurance: $333/month Tax Rate 1.13% Annual Operating Expenses: $14,568 Property offers stable tenancy with potential for rent adjustments on the three month-to-month units. Convenient location near shopping, transportation, and community amenities. A solid opportunity for buyers seeking a well-performing multifamily investment.
Pride of ownership triplex in growing area of Moreno Valley. New Sprouts, Starbucks and more just opened a block away. Triplex consists of a 2 bed, 1 bath front house, and two 1 bed, 1 bath units in the back. All units have their own garage. New roof installed in 2023. Property has long-term, reliable tenants that are all month to month. Rents are below market and provide an opportunity for an investor to increase rents or for someone to move into one of the units and make rental income off of the others to offset the mortgage. Plenty of space for parking or even adding an additional unit. Property has been well maintained by property owner. Great location north of the 60 freeway. Short distance to Riverside, Ontario, Palm Springs, etc. Other recent upgrades include: Mini splits for back units in 2022, exterior of the house was painted back in 2020, interiors were painted within the last 5 years, new roof in 2023, new front house water heater in 2021, new wood fence along back of property, separating backyards in 2023. Revenue and operating expenses provided by owner as accurately as possible. Buyer to complete due diligence.
We are proud to exclusively present North Woods Apartments, a unique 98-unit multifamily community located at 23925 Eucalyptus Avenue, Moreno Valley. North Woods Apartments is a turnkey asset and a compelling investment offering the potential for strong day one returns. The offering provides a significant financial advantage with an assumable fixed-rate loan in place through 2031, allowing an investor to lock in stable, long-term debt. This is a top producing property with in-place rents already near market value, establishing a strong financial foundation with a current cap rate of 6.04%, a current GRM of 9.76, and a current total cash return of 9.57%. The property, built in 1986, consists of 28 buildings with a total building size of approximately 77,203 square feet, situated on an expansive approximately 285,754 square foot lot. The community offers a favorable unit mix with an average unit size of approximately 789 square feet. All units are well-appointed, featuring amenities such as central air and heat, a private patio/ balcony, hardwood floors, large closets, and a dishwasher, with select units also featuring a washer/dryer hookup. North Woods Apartments is a pride of ownership community offering an array of attractive common area features including a pool, courtyard, laundry facilities, and is pet friendly. The property is a gated community with night patrol and benefits from dedicated on-site management and maintenance. Parking is convenient with surface, carport, and garage options available. The location offers excellent regional connectivity, positioning the asset as an ideal commuter base with easy access to employment centers across Southern California. The property is within walking distance of the entire Moreno Valley Unified School District track, including Sunnymead Elementary School, Sunnymead Middle School, and Moreno Valley High School. Retail and recreational access is immediate, with the Moreno Valley Mall and Moreno Valley Plaza just minutes away. Residents also enjoy easy access to premier regional outdoor amenities, such as Lake Perris. North Woods Apartments is a highly sought after income-producing property and a great long-term investment opportunity. Its assumable financing, desirable location, strong unit and community amenities, and performance metrics offer growth and stability for any investor.
Welcoming large lot with just under an Acre of land including a duplex with ample space to create your own masterpiece or add additional units for the increase in value and rental income. This location allows you to grow your portfolio by adding additional units as the area is up and coming with new housing developments and property buildouts. Enjoy the short distance to all amenities including shopping, entertainment and neighborhood outings. Great project for SB9 subdivision to create additional units.
THERE ARE TOTAL 4 PARCELS AS FOLLOW 263-170-004,263-170-003,263-170-006,263-170-007 TOTAL ALMOST 6 ACRES OF LAND .ONE PARCEL IS ZONED R-15 CAN BUILS UPTO 15-16 APARTMENTS REST IT IS R-3 3 HOUSES +3 ADU PER ACRE TOTAL DEVELOPMENT WILL BE 15 HOUSES AND 15 ADU+16 APRTMENTS.PLEASE CONFIRM WITH CITY. PROPERTY NEEDS SOME REPAIRS TO BRING TO MARKET RENT WHICH WILL BE BETWEEN $13000-$14500 PER MONTH. AT PRESENT THERE ARE 6 UNITS TOTAL INCOME ABOUT $8800 PER MONTH . TRIPLEX 2 3BD 1 BA UNIT AND 1 2BD 1BA AND 1 DUPLEX 2BD 1 BA AND ONE SINGLE FAMILY HOMES 2BD 1 BA. 3BD 1 BA UNIT PERFORMA RENT TO BE MINIMUM $2600 PER MONTH AND 2 BD SHOLD BE MINIMUM $2200 PER MONTH SO GROSS RENT SHOULD BE $14000 PER MONTH AFTER FIXING THE UNIT. MAKE OFFERS. GREAT POTENTIAL PROPERTY WALKING DISTANCE TO MALL AND SHOPPING,CLOSE TO FREEWAY 215 AND 60 FWY. RENTS EFFECTIVE FEB1,2026 WILL BE $9675 PER MONTH.PRICE REDUCED $100000.MAKE OFFERS
Do not Disturb Tenants!! Rare opportunity to own four individual condominiums built between 2006-2007, offered together as a unique portfolio. Each condominium has 3 bedrooms with open floorplans, 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, 12.62 GRM, $271/sqft. Perfect for investors looking for newer construction, cash-flow, & potential to sell units individually in the future. See attached OM for additional information. See showing remarks for links to virtual tours of all units! -- 26287 Iris Ave #E (APN: 308612036) -- 26335 Iris Ave #D (APN: 308612065) -- 26279 Iris Ave #E (APN: 308612005) -- 15611 Lasselle St #21 (APN: 486561023)
Discover this duplex offering two spacious units. Both units feature functional kitchens, good size bedrooms and full bathrooms. Perfect for an owner-occupant or investor, this duplex offers the option to live in one unit while generating rental income from the other, or to lease both units for strong returns. Located n a desirable neighborhood near schools, shopping and major commuter routes.
4 plex with a 3 bedroom and 2 bath unit and 3 2 bedroom units with garage. Units have been upgraded in the last few years with renovated Kitchen units, quartz counter tops, paint, bath room upgrades and more. All units are currently rented out..
Two-unit Pool home! Discover a unique two-unit property offering versatility, comfort, and investment potential! The main home features 3 spacious bedrooms and 2 bathrooms, a bright and inviting living area, and a well-appointed kitchen. There is a bonus room that can serve as an office, playroom, or extra living space. Enjoy the convenience of a dedicated laundry room and the practicality of a 2-car garage. Step outside to your own backyard retreat, complete with a sparkling pool, perfect for entertaining or relaxing on warm days. The second unit is a private studio with a full bathroom, featuring both a tub and standing shower, generous closet space, and its own yard area. Ideal for extended family, guests, or rental income, this unit offers flexibility and privacy while maintaining its own charm. With two separate living spaces, plenty of parking, and outdoor amenities, this property is an excellent opportunity for multi-generational living or an income-producing investment.
Moreno Valley is located in California. Moreno Valley, California has a population of 208,371. Moreno Valley is more family-centric than the surrounding county with 36.42% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Moreno Valley, California is $73,635. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Moreno Valley is 31.5 years.
The average high temperature in July is 97 degrees, with an average low temperature in January of 37.9 degrees. The average rainfall is approximately 12.3 inches per year, with 0 inches of snow per year.
