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$2,699,000

Beds
Unknown
sq ft
5,000

21840 Cottonwood Ave, Moreno Valley, CA 92553

21840 Cottonwood Ave

Moreno Valley, CA 92553

  • 501 days on market
There are total 6 acres of land and 6 apartments, selling as land value as you can build additional houses and apartments on this property, it is an excellent location for development. Rental income effective Feb 1,2024 will be $8285 which is way below market rent ,Market rent for 2 bd is $2100 and 3 bd 2800 . Market rent could be $12000+ per month

Details

Property type

Apartment

Est. home value

$2,641,146

Lot size

5.9688 acres

Price per sq ft

$540

Year built

1976

Price History

08/12/2023
CRMLS

CRMLS #PW23150505

Listed
$2,699,000

Schools & Community

Neighborhood: 

Edgemont

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Ketty Huang

Loan start date

January 1999

Original loan amount

$1,000

Est. remaining balance

Not provided

Interest rate

6.86%

Loan type

Stand Alone Second

Seller

Ravi Jain

Lender

Glendale Federal Bank Fsb

Loan start date

June 1994

Original loan amount

$76,000

Est. remaining balance

Not provided

Interest rate

5.5%

Loan type

Not Provided, 40 year

Seller

Ravi Jain

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/25/2024 at 6:00 AM

Listing updated: 09/30/2024 at 12:22 PM

Listed by: Tilak Chopra, CAL Top Realty & Investments Phone #: (714) 777-9307

MLS: CRMLS #PW23150505

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