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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$739,000

Est. payment - /mo

0.45 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID IG25265448

HOA Y/N No

Year Built 1949

Lot Size 0.450 Acres

Property Sub-Type Triplex

Property Description

Back on the market, buyer couldn't perform! Appraised at $750,000. Pride of ownership triplex on a large lot 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. One unit could be available for owner-user to move in. 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.

Location

State CA

County Riverside

Area 259 - Moreno Valley

Interior

Heating Central

Fireplace No

Laundry Inside

Exterior

Parking Features Attached Carport, Garage, Gravel

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Suburban

Total Parking Spaces 3

Private Pool No

Building

Lot Description Rectangular Lot

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 475280017

Acceptable Financing Cash, Conventional, FHA, Submit, VA Loan

Listing Terms Cash, Conventional, FHA, Submit, VA Loan

Special Listing Condition Standard

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Listed by David Friedman REALICORE 909-810-2108, DRE #01909018

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24380 Ironwood Moreno Valley, CA 92557