CA > Moreno Valley
Moreno Valley, CA 92553,24356 Webster AVE
Moreno Valley, CA 92553,24356 Webster AVE
Moreno Valley, CA 92553,24356 Webster AVE
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$3,295,000
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12,696 SqFt
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24356 Webster AVE Moreno Valley, CA 92553

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,696 sqft

Price per Sqft $259

MLS Listing ID 25531765

HOA Y/N No

Year Built 1980

Lot Size 0.910 Acres

Property Description

We are pleased to present Casa Lynnda at 24356 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 14 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 5.65% cap rate and 11.55 GIM, offering stable in-place income with upside through continued rent growth. An adjacent 14-unit sister property with identical unit mix and layout 24271 Webster Ave 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.

Location

State CA

County Riverside

Area 259 - Moreno Valley

Zoning R2

Interior

Fireplace No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 481140023

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Oscar Diaz • Marcus & Millichap

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agent

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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