24271 Webster Ave - Apartments FOR SALE


Moreno Valley, CA 92553- Edgemont Gardens
$3,295,000 USD
909-827-0687
24271 Webster Ave, Moreno Valley, CA for Sale
$3,295,000 USD
Apartments - FOR SALE
1/8
null | 5.9% Cap Rate

24271 Webster Ave
Moreno Valley, CA 92553
Edgemont Gardens


HIGHLIGHTS

  • Balanced Unit Mix: Includes (4) 1-Bed/1-Bath and (10) 2-Bed/1-Bath units, offering strong appeal to workforce renters and small families.
  • 5.90% Cap Rate & 11.21 GIM: Solid in-place cash flow with additional income from on-site, owner-operated laundry.
  • Garden-style design on a 39,640 SF lot with 11,208 SF of living space across 14 units, and 24 rear parking spaces providing ample on-site parking.

OVERVIEW

Marcus & Millichap is pleased to present Casa Buena at 24271 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 5.90% cap rate and 11.21 GIM, offering stable in-place income with upside through continued rent growth. An adjacent 14-unit sister property with identical unit mix and layout — Casa Lynnda at 24356 Webster Avenue — 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.

FOR SALE DETAILS

PRICE

$3,295,000 USD

PRICE/SF

$294 USD /SF

# OF UNITS

14

PRICE/UNIT

$235,357

CAP RATE

5.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Buena

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

R2

APN/PARCEL ID

481-150-001

ASK ABOUT THIS PROPERTY

Sebastian DiazMarcus & MillichapMore Info
909-827-0687

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Sebastian DiazMarcus & MillichapMore Info
909-827-0687

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.