22869 Adrienne Avenue, Property Listing: MLS® #PW24239554

22869-22877 Adrienne Ave. Well maintained 12 units with center courtyard. Located in great rental area. Always rented and always full. Excellent unix mix of one, two, and three bedrooms. 4.89% cap rate on existing rents. Gated parking in the rear of the property. Seller increasing rents to bring 2025 income to $147,092 and cap rate to 5.2%. One 3 bedroom unit rented to the on-site manager at a reduced rate. Proforma income of $156,692 could be obtained by self-managing property. Close to Cottonwood Golf Center, 99 Cents Store, TJ Maxx, BJ's Restaurant, Chili Grill, Ross, Banks and Moreno Valley Mall.

22869 Adrienne Avenue, Property Listing: MLS® #PW24239554 Close
Page Summary
  • 619-987-4851
  • MLS® #: PW24239554
  • 22869 Adrienne Avenue
  • , CA 92553
  • $2,100,000
  • 0.32 Acres
  • Office: Citivest Realty Services, Inc

22869-22877 Adrienne Ave. Well maintained 12 units with center courtyard. Located in great rental area. Always rented and always full. Excellent unix mix of one, two, and three bedrooms. 4.89% cap rate on existing rents. Gated parking in the rear of the property. Seller increasing rents to bring 2025 income to $147,092 and cap rate to 5.2%. One 3 bedroom unit rented to the on-site manager at a reduced rate. Proforma income of $156,692 could be obtained by self-managing property. Close to Cottonwood Golf Center, 99 Cents Store, TJ Maxx, BJ's Restaurant, Chili Grill, Ross, Banks and Moreno Valley Mall.

Supplemental Remarks

Ask about this Property Share this Listing Add to Favorites Delete from Search Results

Essential Information

  • MLS® #PW24239554
  • Listing Price$2,100,000
  • Original Listing Price$2,100,000
  • Date ListedNovember 25th, 2024
  • Days on Market41
  • Bathrooms0.00
  • Acres0.32
  • Lot Sq.Ft.13,940
  • TypeResidential Income
  • StatusACTIVE

Dues

  • HOA Dues$0
  • Total Monthly Dues$140

Community Information

  • Address22869 Adrienne Avenue
  • AreaRIV CTY-MORENO VALLEY (92553)
  • CountyRiverside
  • StateCA
  • Zip Code92553

Amenities

  • PoolN/K

Interior

  • CoolingWall/Window
  • # of Stories2

Exterior

  • ExteriorStucco
  • Lot DescriptionCurbs, Sidewalks
Print this Page

Property Location

Get directions to this property:
Please provide a valid email address.

Nearby Schools in

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS®, Inc.

Listing information last updated on March 10th, 2025 at 10:08pm PDT.