24238 Postal Avenue Moreno Valley, CA 92553
Six-unit apartment building in Moreno Valley, excellent tenant base.
Property Features for 24238 Postal Avenue
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1979
Listing office Gold Team Realty (951) 847-2461
Listing date Nov 19, 2024
Source Exitrealty
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All listing content including descriptions, pricing, images are the copyrighted material of Gold Team Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Completely renovated inside and out in 2021.
- Six 1‑bedroom, 1‑bath units.
- All units currently occupied with excellent tenants.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.7k | $28.80 |
| − Vacancy | −$4.4k | −$1.21 |
| EGI | $99.3k | $27.59 |
| − OpEx | −$44.7k | −$12.42 |
| NOI | $54.6k | $15.17 |
