NOT LISTED FOR SALE

23752 Sunnymead Blvd Moreno Valley, CA 92553

Sunnymead Neighborhood
7 Beds
4 Baths
29,400 Sq Ft
4.03 Acres

Last Sold November 24, 2021

Last sale price $6,200,000 $211 Per Sq Ft

48 Days on Market

Highlights

  • 4.03 Acre Lot
  • Laundry Room
  • Bike Trail
  • No HOA
  • 28 Car Garage
  • Wall Furnace

About This Home

As of November 2021

These twenty-six apartment units and two retail units are located at 23782 Sunnymead Blvd, Moreno Valley, California. Built in 1960, this 100% single story cottage style complex is situated on a large lot of 4.03 acres with approximately 24,900 rentable square feet. The property consists of six 1-bed 1-bath units averaging 650 square feet each, fourteen 2-bed 1-bath units averaging 850 square feet each, six 3-bed 1-bath units averaging 1,017 square feet each, and two retail units averaging 1,500 square feet each.
The location of the property is on Sunnymead Boulevard across the street from a major regional shopping center. Sunnymead Blvd is a major traffic road with high visibility, and it has convenient access to Freeway I-60 and I-215. The city of Moreno Valley is located at the intersection of FWY 60 and 215, and bordered by the city of Riverside and Redlands. Recent industrial development and high employment growth has transformed and revitalized the area. Moreno Valley is expected to become a large hub for fulfillment and distribution warehouse centers. The region continues to draw new residents from nearby Los Angeles, Orange County and San Diego as renters opt for cheaper housing.

Last Agent to Sell the Property

Mark Bridge

Mark Bridge, Broker License #01316702 Listed on: 08/10/2021

Last Buyer's Agent

Eric Chen

CB RICHARD ELLIS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 4.03 Acre Lot
  • No Common Walls
  • Density is 6-10 Units/Acre
  • 292-230-028, 292-230-029, 292-230-030

Parking

  • 28 Car Garage
  • 28 Open Parking Spaces
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • 29,400 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Rain Gutters
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 160
  • Tax Tract Number 1
  • Assessor Parcel Number 292230028

Community Details

Overview

  • No Home Owners Association
  • 28 Buildings
  • 28 Units

Recreation

  • Bike Trail

Building Details

  • 28 Leased Units
  • 28 Separate Electric Meters
  • 28 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $5,969
  • Fuel Expense $508
  • Insurance Expense $15,849
  • Maintenance Expense $14,000
  • Pest Control $2,700
  • Professional Management Expense $42,995
  • Trash Expense $11,546
  • Water Sewer Expense $14,333
  • New Taxes Expense $68,725
  • Operating Expense $176,625
  • Gross Income $510,072
  • Net Operating Income $318,145

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

28

Listing Details

  • CapRate: 5.10
  • Price Per Unit: 225000
  • Professional Management Expense: 42995.00
  • Property Attached: No
  • Water Sewer Expenses: 14333.00
  • Property Type: Residential Income
  • Parcel Number: 292230028
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 210.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 28.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Asphalt, Paved, Garage, Private, Uncovered
  • Total Parking Spaces: 56.00
  • Uncovered Spaces: 28.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Pest Control Expense: 2700.00
  • Sewer: Public Sewer
  • Trash Expense: 11546.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 292-230-028, 292-230-029, 292-230-030
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 175546.80
  • Lot Size Acres: 4.0300

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Average2 Bed Area: 850 Square Feet
  • Average3 Bed Area: 1017 Square Feet
  • Electric Expense: 5969.00
  • Fuel Expense: 508.00
  • Gross Income: 510072.00
  • Gross Multiplier: 12.30
  • Gross Operating Income: 494770.00
  • Gross Scheduled Income: 510072.00
  • Gross Spendable Income: 318145.00
  • Insurance Expense: 15849.00
  • Lot Size Area: 4.0300 Acres
  • Maintenance Expense: 14000.00
  • Net Operating Income: 318145.00
  • Number Of Separate Electric Meters: 28
  • Number Of Separate Gas Meters: 28
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 28
  • Number Of Units Total: 28
  • Number With Disposal: 26
  • Number With Range: 26
  • Operating Expense: 176625.00
  • Rent Control: No
  • Total Actual Rent: 42506.00
  • Total Expenses: 176625.00
  • Vacancy Allowance: 15302

Tax Info

  • New Taxes Expense: 68725.00
  • Tax Lot: 160
  • Tax Tract Number: 001

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2021 11/24/21 Sold $6,200,000 -1.6% $211 / Sq Ft
09/27/2021 09/27/21 Pending -- -- --
08/18/2021 08/18/21 Price Changed $6,300,000 -4.5% $214 / Sq Ft
08/10/2021 08/10/21 For Sale $6,600,000 -- $224 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mark Bridge

    Seller's Agent in 2021

    Mark Bridge

    Mark Bridge, Broker

    (949) 419-3200

    1 in this area

    50 Total Sales

    Mark Bridge
    Section Image
  • Eric Chen

    Buyer's Agent in 2021

    Eric Chen

    CB RICHARD ELLIS

    (909) 418-2030

    1 in this area

    59 Total Sales

    Eric Chen
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21161787

California Regional Multiple Listing Service (CRMLS)

California Riverside County Moreno Valley 92553 Sunnymead

23752 Sunnymead Blvd, Moreno Valley, CA

This home is located at 23752 Sunnymead Blvd, Moreno Valley, CA 92553 since 10 August 2021. This property was built in 1960. 23752 Sunnymead Blvd is a home located in Riverside County with nearby schools including Sunnymead Elementary School, Sunnymead Middle School, and Moreno Valley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes