24281 Atwood Avenue, Moreno Valley, CA 92553
- $3,120,000
- Sold Price
- $3,120,000
- List Price
- $3,500,000
- Closing Date
- Dec 02, 2025
- Status
- CLOSED
- MLS#
- IV25242193
- Year Built
- 1953
- Lot Size
- 79,279
- Acres
- 1.82
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 2
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
This is 16 residential income units, built on two lots with six APN's (482-080-002; 482-080-003; 482-080-004; 482-080-005; 482-080-006; 482-080-007) being sold together as a package. There are 5 one-bedroom units, 10 two-bedroom units, and 1 three-bedroom detached single family house. All units are occupied and rent producing. Also included is an on-site laundry room with income generating coin operated machines, and a large fenced maintenance area which includes a storage room and stand alone sheds. There is room on the lot to add additional units and lots of parking space. There are 7 Section 8 tenants and 9 market tenants, with many being long-term providing very stable income. Owner pays water, common area electricity, trash, and grounds maintenance. Here are the property street addresses: 24281-24297 Atwood Ave. & 13130-13160 Scotty Lane. Lots of potential for growth or new development! Copies of 2023 appraisals can be provided upon request.
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Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Central Air, Wall/Window Unit(s)
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 16
- Gross Scheduled Income
- $20,128
- Operating Expense
- 1
Listing courtesy of Listing Agent: CORDELL MCDONALD (cordell@wsr.net) from Listing Office: WSR REAL ESTATE.
Listing sold by Michael Garcia from MZ BROKERAGE INC.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.