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24380 Ironwood Ave - Well-Maintained Triplex in Moreno Valley 3 Unit Apartment Building Offered at $1,019,841 CAD Moreno Valley, CA 92557



Executive Summary
Pride of ownership triplex on a large lot in growing area of Moreno Valley. New Sprouts, Starbucks and more just opened a block away. Triplex consists of a 2 bed, 1 bath front house, and two 1 bed, 1 bath units in the back. All units have their own garage. New roof installed in 2023. Property has long-term, reliable tenants that are all month to month. One unit could be available for owner-user to move in. Rents are below market and provide an opportunity for an investor to increase rents or for someone to move into one of the units and make rental income off of the others to offset the mortgage. Plenty of space for parking or even adding an additional unit. Property has been well maintained by property owner. Great location north of the 60 freeway. Short distance to Riverside, Ontario, Palm Springs, etc. Other recent upgrades include: Mini splits for back units in 2022, exterior of the house was painted back in 2020, interiors were painted within the last 5 years, new roof in 2023, new front house water heater in 2021, new wood fence along back of property, separating backyards in 2023. Revenue and operating expenses provided by owner as accurately as possible. Owner currently collects $1,400 (1/1), $1,000 (1/1) and $1,800 (2/1). Market rate projected at $1,600 for 1/1 units and $2,000 for the 2/1 house in front. Buyer to complete their own due diligence.
Property Facts
| Price | $1,019,841 CAD | Apartment Style | Garden |
| Price Per Unit | $339,947 CAD | Building Size | 2,150 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1949/2024 |
| Price | $1,019,841 CAD |
| Price Per Unit | $339,947 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Building Size | 2,150 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1949/2024 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 475-280-017 | Improvements Assessment | $264,628 CAD |
| Land Assessment | $115,770 CAD | Total Assessment | $380,398 CAD |
Property Taxes
Parcel Number
475-280-017
Land Assessment
$115,770 CAD
Improvements Assessment
$264,628 CAD
Total Assessment
$380,398 CAD
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24380 Ironwood Ave - Well-Maintained Triplex in Moreno Valley
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