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    24238 Postal Ave Moreno Valley, CA 92553

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    For Sale
    $1,165,000

    Six-unit apartment building in Moreno Valley, ideal for investors.

    Lot size:
    0.17 Acres

    Property Features for 24238 Postal Ave

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1979

    Source: Gold Team Realty Agent Henna Jalal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Moreno Valley Multifamily Investment Opportunity

    This multifamily property in Moreno Valley presents an investment opportunity. The property features six units, each with one bedroom and one bathroom. The units are currently occupied by tenants. According to the listing, the units were renovated inside and out in 2021 and are in excellent condition. The property is located close to a shopping center and offers convenient freeway access. The property is suitable for a 1031 exchange.
    Insight Report Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.2396933
    Latitude
    33.940622

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building in Moreno Valley, ideal for investors.
    Where is this apartment building located?
    The property is located at 24238 Postal Ave Moreno Valley, CA.
    What is the asking price?
    The asking price for this property is $1,165,000.
    What are key features of this property?
    This property features: - Completely renovated inside and out in 2021.; - Excellent tenants currently occupying all units.; - Ideal for 1031 exchange or investor.
    (951) 735-0022
    Request Owner's contact information
    24238 Postal Ave Moreno Valley, CA 92553
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    Moreno Valley, CA 92553
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24238 Postal Ave Moreno Valley, CA 92553
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