NOT LISTED FOR SALE

24414 Ironwood Ave Moreno Valley, CA 92557

North Moreno Valley Neighborhood
9 Beds
5 Baths
4,960 Sq Ft
0.59 Acres

Last Sold December 16, 2022

Last sale price $1,100,000 $222 Per Sq Ft

17 Days on Market

Highlights

  • 0.59 Acre Lot
  • No HOA
  • 1-Story Property

About This Home

As of December 2022

This rare 6-unit residential property is in a great area of the highly sought-after Northside of Moreno Valley. 4 of the homes are detached, and off the main road, and with the two attached homes comprise a private group of 6 homes total. Rental rates are very high in this area. Only a half mile from Starbucks, Sprouts, gas, etc, and close to schools. UC Riverside is a short drive away. Site is a few blocks from the bus stop and close to the freeway for easy commuting. Current rents are far below market-rent but could be increased by the new owner. Site is zoned R5 which allows for multi-unit residential housing and other uses. As such it might be possible to add additional residential units or build a professional office on the site – check with the City.

Last Agent to Sell the Property

Joseph Rangel

Dream Home Banker Real Estate License #01325054 Listed on: 10/20/2022

Last Buyer's Agent

OUT OF AREA

OUT OF AREA License #0

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.59 Acre Lot
  • 1 Common Wall
  • Flag Lot

Home Design

  • Apartment

Interior Spaces

  • 4,960 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 61
  • Tax Tract Number 42407
  • Assessor Parcel Number 475280019
  • $180 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $180
  • Trash Expense $210
  • Water Sewer Expense $300
  • Operating Expense $690
  • Gross Income $6,654
  • Net Operating Income $5,964

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Assessments: No
  • Other Phone Description: 714-609-3568
  • Other Phone Number: 714-609-3568
  • Price Per Unit: 183333
  • Property Attached: Yes
  • Water Sewer Expenses: 300.00
  • Zoning: R2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 475280019
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 221.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 210.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Flag Lot
  • Lot Size Sq Ft: 25700.00
  • Lot Size Acres: 0.5900

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 483 Square Feet
  • Average2 Bed Area: 895 Square Feet
  • Gross Income: 6654.00
  • Gross Scheduled Income: 6654.00
  • Insurance Expense: 180.00
  • Lot Size Area: 25700.0000 Square Feet
  • Net Operating Income: 5964.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 690.00
  • Rent Control: No
  • Total Actual Rent: 6654.00
  • Total Expenses: 690.00

Tax Info

  • Tax Census Tract: 424.07
  • Tax Lot: 61
  • Tax Tract Number: 042407
  • TaxOtherAnnualAssessmentAmount: 180.00

Range of Values:

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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
12/16/2022 12/16/22 Sold $1,100,000 0.0% $222 / Sq Ft
11/06/2022 11/06/22 Pending -- -- --
11/01/2022 11/01/22 Price Changed $1,100,000 -21.4% $222 / Sq Ft
10/20/2022 10/20/22 For Sale $1,400,000 -- $282 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Joseph Rangel

    Dream Home Banker Real Estate

    (877) 242-1669

    1 in this area

    8 Total Sales

    Joseph Rangel
    Section Image

  • O

    Buyer's Agent in 2022

    OUT OF AREA

    OUT OF AREA

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22226194

California Regional Multiple Listing Service (CRMLS)

APN: 475-280-019

California Riverside County Moreno Valley 92557 North Moreno Valley

24414 Ironwood Ave, Moreno Valley, CA

This home is located at 24414 Ironwood Ave, Moreno Valley, CA 92557 since 20 October 2022. This property was built in 1955. 24414 Ironwood Ave is a home located in Riverside County with nearby schools including Midland Elementary School, Palm Middle School, and Canyon Springs 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

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