Residential Income Property with
16018 Lasselle St Unit 3, Moreno Valley, CA 92551
For Sale
$434,000
A two-bedroom residence features ensuite bathrooms, an attached garage, and access to gated-community amenities.
Property Size1,373 SF
Price / SF$316.10
Days on Market36
Property Features for 16018 Lasselle St Unit 3
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Amenities
pool
spa
clubhouse
picnic area
playground
security
trash service
professionally maintained grounds
Building Details
Year Built
Listing Agency:
Fiv Realty Co.
Listed By:
Tessa Wilkerson
(951) 394-0820
Source:
Findhomesinsandiegoarea
Added: Oct 4
Changed: Nov 7
Last Checked: Nov 7 at 5:43PM
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 Fiv Realty Co.
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Investment Insights
Based on property information with market context.
This residential income property is a 1,373-square-foot condo built in 2023. The two-bedroom layout includes ensuite bathrooms for both bedrooms, an open kitchen with a center island and granite countertops, and a main-level powder room. An attached two-car garage and upstairs laundry closet add practical features, while a fenced courtyard porch provides outdoor space. The solar system is leased.
The condo is located in the gated Aspen Hills community at 16018 Lasselle St Unit 3, Moreno Valley, CA 92551. Community amenities include a pool, spa, clubhouse, picnic area, and playground. Security, trash service, and grounds maintenance are also provided.
The condo is located in the gated Aspen Hills community at 16018 Lasselle St Unit 3, Moreno Valley, CA 92551. Community amenities include a pool, spa, clubhouse, picnic area, and playground. Security, trash service, and grounds maintenance are also provided.
Key Highlights
- 1,373‑square‑foot condo built in 2023
- Two bedrooms, each with an ensuite bathroom
- Attached two‑car garage and leased solar system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,835
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,700
$416.7K
Cap Rate 7%
$297,643
$297.6K
Cap Rate 9%
$231,500
$231.5K
Market Conditions
NOI Build-Up for 1,373 SF
Gross rent
$39.5K $28.80/SF
− Vacancy
−$1.7K −$1.21/SF
EGI
$37.9K $27.59/SF
− OpEx
−$17.0K −$12.42/SF
NOI
$20.8K $15.17/SF
Area
Moreno Valley, CA
Vacancy
4.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,700
Cap Rate 7%
$297,643
Cap Rate 9%
$231,500
Alternative Uses
Best Use
Apartment 5plus
$297.6K
$260.4K – $347.3K
NOI $20,835 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$470.5K
$411.7K – $549.0K
NOI $32,938 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 92551, CA
34,294
Population
8,574
Households
4
Avg Household Size
31
Median Age
14%
College-Educated
76%
High-School Grad
6.2 sq mi
ZIP Area
5,531
Density / Sq Mi
$92,172
Median Household Income
$37,123
Median Earnings
$2,046
Median Rent
$435,700
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Riverside County, CA
Properties on Market for Residential income properties in Riverside County
Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom residence features ensuite bathrooms, an attached garage, and access to gated-community amenities.
Where is this residential income property located?
The property is located at 16018 Lasselle St Unit 3 Moreno Valley, CA.
What is the asking price?
The asking price for this property is $434,000.
What are key features of this property?
This property features: 1,373‑square‑foot condo built in 2023; Two bedrooms, each with an ensuite bathroom; Attached two‑car garage and leased solar system
