21893 Cottonwood Ave , Moreno Valley, CA 92553
$925,000
Est. Payment: $4,899.41/mo
4 Bed
2 Bath
2889 Sqft
Status: Active | Days on site: 15
Get Pre-Qualified
CLW-X7515101 - CLW-C137355
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Chris Heller, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.

House Description

We are pleased to present 21893 Cottonwood Avenue, a four-unit multifamily property located in Moreno Valley, California. The property is conveniently located near the 60 and 215 Freeways, providing tenants with easy access throughout the Inland Empire, including Riverside, San Bernardino, and surrounding employment hubs. 21893 Cottonwood Avenue offers investors a unique opportunity to acquire a fully vacant four-unit property, allowing a new owner to select their own tenants, lease all units at market rents, or occupy one unit while renting out the remaining three. The property features approximately 2,889 rentable square feet situated on a large 41,382-square-foot (0.95-acre) lot. The unit mix consists of one two-bedroom/one-bathroom single-family home and three two-bedroom/one-bathroom apartment units. Recent improvements include a new electrical panel for the front house, remodeled units, fresh paint, newly installed mini-split AC units, and newly paved asphalt. Offered at $925,000, the property is priced at $231,250 per unit and $320.18 per square foot. Based on projected market rents, the property is expected to achieve a 7.84% cap rate and 9.02 GRM once stabilized. Moreno Valley continues to experience steady rental demand supported by its relative affordability, convenient access to the 60 and 215 Freeways, and nearby employment drivers, including March Air Reserve Base and the expanding Inland Empire logistics corridor. With all four units delivered vacant, recent property improvements, and a nearly one-acre lot, 21893 Cottonwood Avenue provides a new owner the opportunity to immediately establish market rents and position the property for strong stabilized cash flow.

Highlights

Listed by Oscar Diaz , 213-943-1884 Marcus & Millichap , 310-909-5500. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.95

Year Built

1966

County

Riverside

Area

259 - Moreno Valley

Listing ID

26875157

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2
  • Full Bathrooms:0

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:R2
Others:
  • Additional:2+ Total Units
Principal Interest
$4,899
Taxes
$590

Home Price

$925,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$185,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,899.41

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,899.41 $589.69 $0.00 $5,489.09
Yearly $58,792.88 $7,076.25 $0.00 $65,869.13
Total $1,763,786.34 $212,287.50 $0.00 $1,976,073.84

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Sep 2026

Average Price

All Price Ranges
N/A
Sep 2026

Average Days on Market

All Price Ranges
N/A
Sep 2026
Market insight data is pulled from the same city as the listing being viewed (Moreno Valley, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T13:02:28.000Z

© 2026 CRMLS/Multi-Regional MLS

MLS Logo - CRMLS/Multi-Regional MLS