21893 Cottonwood Avenue, Moreno Valley, CA 92553
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
21893 Cottonwood Avenue,Moreno Valley, CA 92553
$925,000
- 8 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: oscar diaz
Office: marcus & millichap310-909-5500
MLS#:26875157
Source:CRMLS
Sorry, we are unable to map this address
Price summary
- Price:$925,000
About this home
We are pleased to present 21893 Cottonwood Avenue, a four-unit multifamily property located in Moreno Valley, California. The property is conveniently located near the 60 and 215 Freeways, providing tenants with easy access throughout the Inland Empire, including Riverside, San Bernardino, and surrounding employment hubs. 21893 Cottonwood Avenue offers investors a unique opportunity to acquire a fully vacant four-unit property, allowing a new owner to select their own tenants, lease all units at market rents, or occupy one unit while renting out the remaining three. The property features approximately 2,889 rentable square feet situated on a large 41,382-square-foot (0.95-acre) lot. The unit mix consists of one two-bedroom/one-bathroom single-family home and three two-bedroom/one-bathroom apartment units. Recent improvements include a new electrical panel for the front house, remodeled units, fresh paint, newly installed mini-split AC units, and newly paved asphalt. Offered at $925,000, the property is priced at $231,250 per unit and $320.18 per square foot. Based on projected market rents, the property is expected to achieve a 7.84% cap rate and 9.02 GRM once stabilized. Moreno Valley continues to experience steady rental demand supported by its relative affordability, convenient access to the 60 and 215 Freeways, and nearby employment drivers, including March Air Reserve Base and the expanding Inland Empire logistics corridor. With all four units delivered vacant, recent property improvements, and a nearly one-acre lot, 21893 Cottonwood Avenue provides a new owner the opportunity to immediately establish market rents and position the property for strong stabilized cash flow....
Contact an agent
Home facts
- Year built:1966
- Listing ID #:26875157
- Added:84 day(s) ago
- Updated:November 13, 2026 at 08:12 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
Structure and exterior
- Year built:1966
- Levels:1 Story
Finances and disclosures
- Price:$925,000
New listings near 21893 Cottonwood Avenue
- Coming SoonOpen Sat, 1 to 3pm
$799,000Coming Soon4 beds 2 baths2,275 sq. ft.14480 Windmill, Moreno Valley, CA 92555
MLS# CV26242573Listed by: REAL ESTATE HOUND - Coming Soon
$650,000Coming Soon4 beds 3 baths2,424 sq. ft.12872 Azalea Street, Moreno Valley, CA 92555
MLS# IV26242048Listed by: REAL ESTATE ONE - Coming SoonOpen Sat, 12 to 3pm
$539,999Coming Soon3 beds 2 baths1,396 sq. ft.12089 Odessa, Moreno Valley, CA 92557
MLS# CV26241134Listed by: STIGLER HOMES - Coming SoonOpen Sat, 12 to 2pm
$599,900Coming Soon5 beds 3 baths2,954 sq. ft.25965 Avenida Espaldar, Moreno Valley, CA 92551
MLS# PW26230568Listed by: HARCOURTS PLACE - Coming Soon
$569,900Coming Soon3 beds 3 baths2,089 sq. ft.14592 Mountain Vista, Moreno Valley, CA 92555
MLS# IV26239660Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY - Coming Soon
$529,000Coming Soon3 beds 3 baths2,089 sq. ft.14560 Grandview, Moreno Valley, CA 92555
MLS# SW26234842Listed by: ALLISON JAMES ESTATES & HOMES - Coming SoonOpen Sat, 11am to 3pm
$550,000Coming Soon3 beds 2 baths1,842 sq. ft.14757 Big Bear, Moreno Valley, CA 92555
MLS# TR26230856Listed by: EXP REALTY OF SOUTHERN CA, INC - New
$619,999Active4 beds 3 baths2,774 sq. ft.15587 Crusader Drive, Moreno Valley, CA 92551
MLS# CV26237967Listed by: RE/MAX TIME REALTY - New
$510,000Active3 beds 2 baths1,308 sq. ft.11832 Honey Hollow, Moreno Valley, CA 92557
MLS# PW26242564Listed by: SERRANO REAL ESTATE - New
$659,230Active4 beds 3 baths2,259 sq. ft.27232 Celestial Road, Moreno Valley, CA 92555
MLS# SW26242479Listed by: D R HORTON AMERICA'S BUILDER