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Multifamily

Moreno Valley Terrace Apartments

23752 Sunnymead Boulevard, Moreno Valley, CA 92553

Listing Price: $6,600,000

Cap Rate
5.10%
Number of Units
28
Price/Unit
$235,714
Price/Gross SF
$265.06
Gross SF
24,900

Investment Overview

Marcus & Millichap is proud to offer this twenty-six apartment units and two retail units located at 23752A-23798B Sunnymead, Moreno Valley, CA. Built in 1960, this 100% single story cottage style building is situated on a large lot of 4.03 acres with approximately 24,900 rentable square feet. The property consists of six one bedroom one bathroom units averaging 650 square feet each, fourteen two bedroom one bathroom units averaging 850 square feet each, six three bedroom one bathroom 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, a major traffic road with high visibility, and it has convenient access to Freeway I-60 and I-215.

Investment Highlights

  • Large Lot Size of 4.03 Acres Land on Commercial Zone-Future Development
  • 100% Single Story, Cottage Style Building with Over 78% Two and Three Bedroom Units
  • Located on Sunnymead Boulevard-Major Traffic Road with High Visibilities
  • All Cottages Renovated
  • Large Front and Back Yards
  • Low Rents
  • Surrounded by Large Shopping Centers

Exclusively Listed By

Multifamily

Moreno Valley Terrace Apartments

Listing Price: $6,600,000

Cap Rate
5.10%
Number of Units
28
Price/Unit
$235,714
Price/Gross SF
$265.06
Gross SF
24,900

Investment Highlights

  • Large Lot Size of 4.03 Acres Land on Commercial Zone-Future Development
  • 100% Single Story, Cottage Style Building with Over 78% Two and Three Bedroom Units
  • Located on Sunnymead Boulevard-Major Traffic Road with High Visibilities
  • All Cottages Renovated
  • Large Front and Back Yards
  • Low Rents
  • Surrounded by Large Shopping Centers

Investment Overview

Marcus & Millichap is proud to offer this twenty-six apartment units and two retail units located at 23752A-23798B Sunnymead, Moreno Valley, CA. Built in 1960, this 100% single story cottage style building is situated on a large lot of 4.03 acres with approximately 24,900 rentable square feet. The property consists of six one bedroom one bathroom units averaging 650 square feet each, fourteen two bedroom one bathroom units averaging 850 square feet each, six three bedroom one bathroom 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, a major traffic road with high visibility, and it has convenient access to Freeway I-60 and I-215.

Exclusively Listed By

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