$6,200,000
$6,300,000
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23752 sunnymead BLVD Moreno Valley, CA 92553
4.03 Acres Lot
Key Details
Sold Price $6,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC21161787
Sold Date 11/24/21
HOA Y/N No
Year Built 1960
Lot Size 4.030 Acres
Property Description
These twenty-six apartment units and two retail units are located at 23782 Sunnymead Blvd, Moreno Valley, California. Built in 1960, this 100% single story cottage style complex is situated on a large lot of 4.03 acres with approximately 24,900 rentable square feet. The property consists of six 1-bed 1-bath units averaging 650 square feet each, fourteen 2-bed 1-bath units averaging 850 square feet each, six 3-bed 1-bath 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 across the street from a major regional shopping center. Sunnymead Blvd is a major traffic road with high visibility, and it has convenient access to Freeway I-60 and I-215. The city of Moreno Valley is located at the intersection of FWY 60 and 215, and bordered by the city of Riverside and Redlands. Recent industrial development and high employment growth has transformed and revitalized the area. Moreno Valley is expected to become a large hub for fulfillment and distribution warehouse centers. The region continues to draw new residents from nearby Los Angeles, Orange County and San Diego as renters opt for cheaper housing.
Location
State CA
County Riverside
Area 259 - Moreno Valley
Interior
Heating Wall Furnace
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Parking Features Assigned, Asphalt, Driveway, Garage, Paved, Private, Uncovered
Garage Spaces 28.0
Garage Description 28.0
Pool None
Community Features Biking, Curbs, Gutter(s), Suburban, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Total Parking Spaces 56
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 292230028
Energy Description 508.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with ERIC CHEN • CB RICHARD ELLIS