$3,295,000

Estimated payment $20,850/month

Total Views 11,547
-- Bed
-- Bath
11,208 Sq Ft
$294 Price per Sq Ft

About This Home

We are pleased to present Casa Buena at 24271 Webster Avenue, a 14-unit multifamily property located in Moreno Valley's Sunnymead neighborhood. Built in 1980, the asset features a gated, courtyard-style layout with a clean central common area and ample on-site parking. The unit mix includes ten 2-bedroom/1-bath units and four 1-bedroom/1-bath units, offering functional layouts well-suited to the area's strong tenant base. The 39,640 sq. ft. lot (0.91 acres) is zoned R2 and provides 24 parking spaces, on-site laundry, and a quiet residential setting just minutes from Sunnymead Blvd, the 60 Freeway, Moreno Valley Mall, and nearby job hubs. The property is currently operating at a 6.09% cap rate and 10.95 GIM, offering stable in-place income with upside through continued rent growth. An adjacent 14-unit sister property with identical unit mix and layout Casa Lynnda at 24356 Webster Avenue is also available for sale. Investors may purchase one or both, presenting the opportunity to own 28 units on the same block in a growing Inland Empire market.

Listing Agent

Oscar Diaz

Marcus & Millichap License #02022902 Listed on: 04/29/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 0.91 Acre Lot

Interior Spaces

  • 11,208 Sq Ft Home
  • 2-Story Property

Community Details

  • 14 Units

Listing and Financial Details

  • Assessor Parcel Number 481-150-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 11208
  • Lot Acreage: 0.9100
  • Stories: 2
  • Year Built: 1983
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 293.99

Exterior Features

  • Other Structures: None

Lot Info

  • Assessed Improvement Percent: 69.23
  • Assessed Improvement Value: 1024044
  • Assessed Land Percent: 30.77
  • Assessed Land Value: 455130
  • Total Assessed Value: 1479174
  • Assessor Parcel Number: 481-150-001
  • Lot Size Area: 39640

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.95
  • Number Of Units: 14
  • Total Annual Expense: 91523
  • Type Of Units: 0
  • Vacancy Rate: 0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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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
08/15/2025 08/15/25 Price Changed $1,695 0.0% $3 / Sq Ft
08/15/2025 08/15/25 For Rent $1,695 -8.4% --
07/27/2025 07/27/25 Off Market $1,850 -- --
07/14/2025 07/14/25 For Rent $1,850 0.0% --
04/29/2025 04/29/25 For Sale $3,295,000 +19.8% $294 / Sq Ft
10/12/2016 10/12/16 Sold $2,750,000 +1.9% $125 / Sq Ft
08/11/2016 08/11/16 Pending -- -- --
06/15/2016 06/15/16 For Sale $2,700,000 -- $123 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25531739

The MLS

APN: 481-150-001