23925 Eucalyptus, Moreno Valley, CA 92553

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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$29,000,000

Est. payment - /mo

3 Beds

6.56 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25261976

Bedrooms 3

Lot Size 6.560 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

We are proud to exclusively present North Woods Apartments, a unique 98-unit multifamily community located at 23925 Eucalyptus Avenue, Moreno Valley. North Woods Apartments is a turnkey asset and a compelling investment offering the potential for strong day one returns. The offering provides a significant financial advantage with an assumable fixed-rate loan in place through 2031, allowing an investor to lock in stable, long-term debt. This is a top producing property with in-place rents already near market value, establishing a strong financial foundation with a current cap rate of 6.04%, a current GRM of 9.76, and a current total cash return of 9.57%. The property, built in 1986, consists of 28 buildings with a total building size of approximately 77,203 square feet, situated on an expansive approximately 285,754 square foot lot. The community offers a favorable unit mix with an average unit size of approximately 789 square feet. All units are well-appointed, featuring amenities such as central air and heat, a private patio/ balcony, hardwood floors, large closets, and a dishwasher, with select units also featuring a washer/dryer hookup. North Woods Apartments is a pride of ownership community offering an array of attractive common area features including a pool, courtyard, laundry facilities, and is pet friendly. The property is a gated community with night patrol and benefits from dedicated on-site management and maintenance. Parking is convenient with surface, carport, and garage options available. The location offers excellent regional connectivity, positioning the as

Location

State CA

County Riverside

Zoning Assessor

Direction Merge onto CA-60 E, Use the right lane to take exit 60 for Frederick St toward Pigeon Pass Rd, Turn right onto Graham St, Turn l

Interior

Cooling Central Forced Air

Fireplace No

Exterior

Pool Community/Common

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 296092031

Acceptable Financing Cash

Listing Terms Cash

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Listed by Eric Chen CB RICHARD ELLIS

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities

23925 Eucalyptus Moreno Valley, CA 92553

Sheila Dadashzadeh

Key Details

Location

Interior

Exterior

Building

Others

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