Four-Unit Residential Income
15139 Elm Ct Moreno Valley, CA 92551
15139 Elm Ct, Moreno Valley, CA, 92551
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For Sale
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Four 2-bedroom, 1-bath units are currently rented, providing a complete, income-producing residential setup.
Property Size3,600 SF
Price / SF$270.83
Days on Market151
Property Features for 15139 Elm Ct
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1964
Listing agency
eXp Realty of California, Inc.
Listed by
Gabriela Gonzalez · License #02165146
Source
Crexi
Added: Feb 20 Updated: Jul 21 at 12:19AM Checked: Jul 21 at 12:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of California, Inc.
Investment Insights
Based on property information with market context.
This four-unit residential income property features four separate units, each offering 2 bedrooms and 1 bathroom. The units are currently rented, creating an income-producing configuration from day one.
The property is located in Moreno Valley, CA and is offered for sale at 15139 Elm Ct. With all four units occupied, the asset is positioned as a straightforward option for buyers seeking an already-leased multifamily structure.
Overall, the property’s residential layout is consistent across the building, with four similarly sized 2-bedroom, 1-bath units designed for rental occupancy.
The property is located in Moreno Valley, CA and is offered for sale at 15139 Elm Ct. With all four units occupied, the asset is positioned as a straightforward option for buyers seeking an already-leased multifamily structure.
Overall, the property’s residential layout is consistent across the building, with four similarly sized 2-bedroom, 1-bath units designed for rental occupancy.
Key Highlights
- 4‑unit income property built in 1964 in Moreno Valley
- Four 2‑bedroom, 1‑bath units
- All four units are currently rented, creating an income‑producing setup
Local Financial Insights For Multifamily LT 5
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 | $90.7k | $25.20 |
| − Vacancy | −$4.1k | −$1.13 |
| EGI | $86.6k | $24.07 |
| − OpEx | −$26.0k | −$7.22 |
| NOI | $60.6k | $16.85 |
3,600 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$866.4K
$758.1K – $1.01M
NOI $60,646 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$780.4K
$682.9K – $910.5K
NOI $54,629 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,364 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 2-bedroom, 1-bath units are currently rented, providing a complete, income-producing residential setup.
Where is this quadplex located?
The property is located at 15139 Elm Ct Moreno Valley, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 4‑unit income property built in 1964 in Moreno Valley; Four 2‑bedroom, 1‑bath units; All four units are currently rented, creating an income‑producing setup
