NOT LISTED FOR SALE
6 Beds
3 Baths
12,960 Sq Ft
39,600 Sq Ft Lot

Last Sold September 12, 2019

Last sale price $2,150,000 $166 Per Sq Ft

109 Days on Market

Highlights

  • 0.91 Acre Lot
  • Lawn
  • Cooling System Mounted To A Wall/Window
  • Open Floorplan
  • No HOA
  • Living Room

About This Home

As of September 2019

Welcome to Sunnymead Apartments of Moreno Valley. Convientely located to shopping, bus lines and transportation. Each unit offers spacious living with 2 bedrooms and 1 bath. This open floorplan features carpeting , vinyl, tile, wall air conditioning, wall furnance, garbage disposal and free standing range. Units may vary. The complex offers each tenant 2 parking spaces and community coin-operated laundry facility. There is a one car garage, which is currently used by management for maintenance. The front lawn has automatic sprinklers and there is a very large gated area behind the units which can be made into a playground, additional storage or BBQ picnic area. The front parking area was just resurfaced last year . The city of Moreno Valley is growing and redeveloping which makes this a great investment opportunity with room for growth.

Last Agent to Sell the Property

David Kelley

BHHS CA Properties License #01142334 Listed on: 05/14/2019

BHHS CA Properties

Co-Listed By

The Kelley & Kor David and Cheryl

BHHS CA Properties License #01147988

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • 0.91 Acre Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Chain Link Fence
  • Level Lot
  • Front Yard Sprinklers
  • Lawn
  • Back and Front Yard
  • Density is 11-15 Units/Acre

Parking

  • 32 Open Parking Spaces
  • 1 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Common Roof
  • Stucco

Interior Spaces

  • 12,960 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Blinds
  • Window Screens
  • Living Room

Kitchen

  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 299
  • Assessor Parcel Number 481230023

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 15 Units

Amenities

  • Laundry Facilities

Building Details

  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,900
  • Professional Management Expense $6,900
  • Trash Expense $5,072
  • Water Sewer Expense $4,800
  • New Taxes Expense $27,000
  • Operating Expense $41,606
  • Gross Income $2,420
  • Net Operating Income $138,394

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0.91 Acres

Parking

1

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 6900.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 4800.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 481230023
  • Year Built: 1982
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters, Open Floorplan
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 165.90
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Blinds, Screens

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Common Roof
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 33.00
  • Uncovered Spaces: 32.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Range, Range Hood, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 5072.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Back Yard, Front Yard, Lawn, Level, Sprinklers In Front
  • Lot Size Sq Ft: 39600.00
  • Lot Size Acres: 0.9091

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 864 Square Feet
  • Gross Income: 2420.00
  • Gross Multiplier: 15.00
  • Gross Scheduled Income: 180000.00
  • Insurance Expense: 2900.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 2420.00
  • Lot Size Area: 39600.0000 Square Feet
  • Net Operating Income: 138394.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 15
  • Number With Disposal: 15
  • Number With Range: 15
  • Operating Expense: 41606.00
  • Rent Control: No
  • Total Expenses: 41606.00

Tax Info

  • New Taxes Expense: 27000.00
  • Tax Census Tract: 425.20
  • Tax Lot: 299
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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 List to Sale Price per Sq Ft Prior Sale
09/12/2019 09/12/19 Sold $2,150,000 -20.4% $166 / Sq Ft
08/31/2019 08/31/19 Pending -- -- --
05/14/2019 05/14/19 For Sale $2,700,000 +111.8% $208 / Sq Ft
10/16/2014 10/16/14 Sold $1,275,000 -5.6% -- View Prior Sale
09/02/2014 09/02/14 Pending -- -- --
05/13/2014 05/13/14 For Sale $1,350,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $26,523 $2,281,596 $997,535 $1,284,061
2023 $26,523 $2,193,000 $958,800 $1,234,200
2022 $25,529 $2,150,000 $940,000 $1,210,000
2021 $25,778 $2,172,273 $424,351 $1,747,922
2020 $25,507 $2,150,000 $420,000 $1,730,000
2019 $16,886 $1,373,671 $430,956 $942,715
2018 $16,569 $1,346,737 $422,506 $924,231
2017 $16,222 $1,320,331 $414,222 $906,109
2016 $16,066 $1,294,443 $406,100 $888,343
2015 $15,845 $1,275,000 $400,000 $875,000
2014 $8,077 $616,679 $233,926 $382,753
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19112434

California Regional Multiple Listing Service (CRMLS)

APN: 481-230-023

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