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Multifamily

12291 Lamos Pl

12291 Lamos Pl, Moreno Valley, CA 92557

Listing Price: $825,000

Cap Rate
4.22%
Number of Units
3
GRM
14.17
Occupancy
100.0%
Price/Unit
$275,000

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 12291 Lamos Place, a triplex multifamily investment property located in the city of Moreno Valley, California. The property sits on a 0.17-acre parcel and has an approximate building size of 2,668 square feet. The two-story property is comprised of three two-bedroom/two-bathroom floor plans. Unit 1 is on the ground floor with an attached double-car garage. Both units 2 and 3 are on the second floor with large private balconies. Each unit offers central air conditioning and heating, washer and dryer hook-ups, gas stove, and dishwasher. In addition, the master bedrooms offer walk-in closets with en-suite bathroom and fiberglass shower. The building features a total of five garages (one double-car garage and four single-car garages), concrete driveway, and pitched tile roof. All units are individually metered for gas and electricity, and have individual hot water heaters. One unit will be delivered vacant and in need of total repair.
The property is ideally located less than one-half a mile from Interstate 60 and is surrounded by multiple amenities. Major grocery stores and fast-food chains including Food4Less, DD’s Discount, Walgreens, Starbucks, McDonald’s, and Taco Bell are within walking distance of the subject property. Located 3 miles west of the property, Moreno Valley Mall is a two-level indoor shopping center that is home to a 16-screens movie theater, Round 1 Bowling & Entertainment Center, and multiple national retailers including Macy’s, JCPenney, Bath & Body Works, Express, etc. Walmart, Sam’s Club, Costco, Hobby Lobby, Target, and Best Buy are adjacent to the Moreno Valley Mall. In addition, University of California, Riverside is only seven miles northwest of the property. The university campus sits on nearly 1,200 acres and occupies more than 26,000 students and 1,100 faculty members, among them two Nobel Price winners and fifteen members of the National Academies of Science and Medicine.
As the number one logistics market in the United States, the city of Moreno Valley is home to the World Logistics Center conveniently located only one and a half hours drive from the Ports of Long Beach and Los Angeles. With easy access to the 60 free way and the Interstate 10 and 215, the World Logistics Center is a Designated Free Trade Zone and is environmentally sustainable as the largest Net Zero GHG Project in the United States. The center features over 100 million square feet of available land with no limits on the size of the buildings. Currently, there are 29 sites available with the potential to link multiple buildings via skybridges to form a corporate campus. Fully entitled under Californian law, the World Logistics Center is an unprecedented effort to create the largest, most efficient, and advanced logistics center in the country.

Investment Highlights

  • Over 35% Rental Upside
  • All Two-Bedroom / Two-Bathroom Floor Plans
  • Excellent Location - Close to Shopping & I-60
  • Washer & Dryer Hook-ups | Central Air Conditioning
  • Individually Metered for Gas & Electricity | Individual Hot Water Heaters
  • Pitched Tile Roof | Double & Single-Car Garages
  • Population Over 216,000 Within a Five-Mile Radius

Exclusively Listed By

Multifamily

12291 Lamos Pl

Listing Price: $825,000

Cap Rate
4.22%
Number of Units
3
GRM
14.17
Occupancy
100.0%
Price/Unit
$275,000

Investment Highlights

  • Over 35% Rental Upside
  • All Two-Bedroom / Two-Bathroom Floor Plans
  • Excellent Location - Close to Shopping & I-60
  • Washer & Dryer Hook-ups | Central Air Conditioning
  • Individually Metered for Gas & Electricity | Individual Hot Water Heaters
  • Pitched Tile Roof | Double & Single-Car Garages
  • Population Over 216,000 Within a Five-Mile Radius

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 12291 Lamos Place, a triplex multifamily investment property located in the city of Moreno Valley, California. The property sits on a 0.17-acre parcel and has an approximate building size of 2,668 square feet. The two-story property is comprised of three two-bedroom/two-bathroom floor plans. Unit 1 is on the ground floor with an attached double-car garage. Both units 2 and 3 are on the second floor with large private balconies. Each unit offers central air conditioning and heating, washer and dryer hook-ups, gas stove, and dishwasher. In addition, the master bedrooms offer walk-in closets with en-suite bathroom and fiberglass shower. The building features a total of five garages (one double-car garage and four single-car garages), concrete driveway, and pitched tile roof. All units are individually metered for gas and electricity, and have individual hot water heaters. One unit will be delivered vacant and in need of total repair. The property is ideally located less than one-half a mile from Interstate 60 and is surrounded by multiple amenities. Major grocery stores and fast-food chains including Food4Less, DD’s Discount, Walgreens, Starbucks, McDonald’s, and Taco Bell are within walking distance of the subject property. Located 3 miles west of the property, Moreno Valley Mall is a two-level indoor shopping center that is home to a 16-screens movie theater, Round 1 Bowling & Entertainment Center, and multiple national retailers including Macy’s, JCPenney, Bath & Body Works, Express, etc. Walmart, Sam’s Club, Costco, Hobby Lobby, Target, and Best Buy are adjacent to the Moreno Valley Mall. In addition, University of California, Riverside is only seven miles northwest of the property. The university campus sits on nearly 1,200 acres and occupies more than 26,000 students and 1,100 faculty members, among them two Nobel Price winners and fifteen members of the National Academies of Science and Medicine. As the number one logistics market in the United States, the city of Moreno Valley is home to the World Logistics Center conveniently located only one and a half hours drive from the Ports of Long Beach and Los Angeles. With easy access to the 60 free way and the Interstate 10 and 215, the World Logistics Center is a Designated Free Trade Zone and is environmentally sustainable as the largest Net Zero GHG Project in the United States. The center features over 100 million square feet of available land with no limits on the size of the buildings. Currently, there are 29 sites available with the potential to link multiple buildings via skybridges to form a corporate campus. Fully entitled under Californian law, the World Logistics Center is an unprecedented effort to create the largest, most efficient, and advanced logistics center in the country.

Exclusively Listed By

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