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24356 Webster Ave

Moreno Valley, CA 92553
  • $3,295,000
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: 25531765
UPDATED: 64 min ago
$3,295,000
  • 0
    BEDS
  • 0.91
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,696
    SQFT
  • $260
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

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 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 5.82% cap rate and 11.31 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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-06-15T13:42:50.273. 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.
www.desertarealuxuryhomes.com/homes/163118851
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24356 Webster Ave Moreno Valley, CA 92553

  • Price: $3,295,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 64 min ago
  • MLS #: 25531765
0
Beds
0
Baths
0
½ Baths
0.91
Acres
12,696
SQFT
$260
$/SQFT
1980
Built
Neighborhood:
Moreno Valley
County:
Riverside
Area:
Moreno Valley
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 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 5.82% cap rate and 11.31 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.
Exterior Features

Levels Two Lot Size Area 39640 Other Structures None Parking Garage Other Total Parking 0

Interior Features

Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 1649848 Disclosures None Gross Income 282869 Gross Operating Income 282869 Like Units1 4 Like Units2 10 Net Operating Income 191807.00 Number Of Buildings 1 Number Of Units 14 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 91062 Type Of Units 0 Year Built Source Vendor Enhanced Zoning R2

Listing provided courtesy of Oscar Diaz DRE# of Marcus & Millichap: 310-909-5500.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-06-15T13:42:50.273. 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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