$3,295,000

24271 Webster Avenue, Moreno Valley, CA 92553

  • 11,208 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1983
  • Property Lot Size Icon0.91acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $294/sqft
  • Property List Date Icon Listed 6 months ago

Property Description

We are pleased to present Casa Buena at 24271 Webster Avenue, a 14-unit multifamily property located in Moreno Valley's Sunnymead neighborhood. Built in 1980, the asset features a gated, courtyard-style layout with a clean central common area and ample on-site parking. The unit mix includes ten 2-bedroom/1-bath units and four 1-bedroom/1-bath units, offering functional layouts well-suited to the area's strong tenant base. The 39,640 sq. ft. lot (0.91 acres) is zoned R2 and provides 24 parking spaces, on-site laundry, and a quiet residential setting just minutes from Sunnymead Blvd, the 60 Freeway, Moreno Valley Mall, and nearby job hubs. The property is currently operating at a 6.09% cap rate and 10.95 GIM, offering stable in-place income with upside through continued rent growth. An adjacent 14-unit sister property with identical unit mix and layout Casa Lynnda at 24356 Webster Avenue is also available for sale. Investors may purchase one or both, presenting the opportunity to own 28 units on the same block in a growing Inland Empire market.

Listing Status:
Active
Date Added:
April 29, 2025 at 05:00AM
Listing Office:
Marcus & Millichap : 310-909-5500
Listing Agent:
Oscar Diaz : 213-943-1884
MLS ID:
CL25531739
  • County: Riverside
  • Zoning: R2481150001

This listing courtesy of Oscar Diaz, Marcus & Millichap

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Sunnymead Elementary School

24050 Dracaea Ave, Moreno Valley, CA, 92553

Grades KG-5

0.55 miles away

S

Sunnymead Middle School

23996 Eucalyptus Ave, Moreno Valley, CA, 92553

Grades 6-8

0.41 miles away

M

March Valley

24551 Dracaea Ave, Moreno Valley, CA, 92553

Grades 9-10

0.73 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.