Multi-Unit Residential Income
For Sale
Contact for pricing
21840 Cottonwood, Moreno Valley, CA 92553
Four-parcel residential income property with six existing units and zoning for additional development; repairs needed to reach market rents.
Property SizeContact for details
Lot Size6.00 Acres
Days on Market308
Property Features for 21840 Cottonwood
General Information
Standard status
Active
Lot size
6.00 Acres
Property subtype
Multifamily
Zoning
Assessor
Net Operating Income
$90,000
Additional Details
Highway Access
Yes
Multifamily Units
6
Building Details
Year Built
1976
Buildings
3
Stories
1
Units
6
Tenancy
Multi
Listing Agency:
SBC Global
(714) 777-9307
Listed By:
tilak chopra · License #00865458
Source:
Crexi
Added: Oct 20, 2025
Changed: Aug 22
Last Checked: Aug 20 at 7:38PM
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 SBC Global
Investment Insights
Based on property information with market context.
This for-sale residential income property consists of four parcels (263-170-004, 263-170-003, 263-170-006, and 263-170-007) totaling almost 6 acres. Current income is based on six existing units: a triplex with two 3-bedroom / 1-bath units and one 2-bedroom / 1-bath unit, a duplex with a 2-bedroom / 1-bath unit, and two additional single-family homes, each described as 2-bedroom / 1-bath. The property is reported to need some repairs to bring units to market rent.
One parcel is described as zoned R-15, which the remarks indicate may allow development up to 15–16 apartments, while the remaining parcels are described as R-3 with the potential for 3 houses plus 3 ADUs per acre. The remarks state an overall development plan of 15 houses and 15 ADUs plus 16 apartments, but buyers are asked to confirm details with the city.
Income projections in the remarks cite rents between $13,000 and $14,500 per month after repairs, and a stated effective rent of $9,675 per month as of Feb. 1, 2026. The property is described as within walking distance to a mall and shopping, and close to Freeway 215 and 60 Fwy.
One parcel is described as zoned R-15, which the remarks indicate may allow development up to 15–16 apartments, while the remaining parcels are described as R-3 with the potential for 3 houses plus 3 ADUs per acre. The remarks state an overall development plan of 15 houses and 15 ADUs plus 16 apartments, but buyers are asked to confirm details with the city.
Income projections in the remarks cite rents between $13,000 and $14,500 per month after repairs, and a stated effective rent of $9,675 per month as of Feb. 1, 2026. The property is described as within walking distance to a mall and shopping, and close to Freeway 215 and 60 Fwy.
Key Highlights
- 4 parcels totaling almost 6 acres: 263‑170‑004, 263‑170‑003, 263‑170‑006, and 263‑170‑007
- Zoned R‑15 (can build up to 15–16 apartments) and R‑3 (3 houses + 3 ADUs per acre); confirm final development with the city
- Current setup includes 6 units total with present income about $8,800/month; needs repairs to reach market rent
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 92553, CA
76,761
Population
20,175
Households
3.8
Avg Household Size
30
Median Age
13%
College-Educated
74%
High-School Grad
10.3 sq mi
ZIP Area
7,453
Density / Sq Mi
$71,344
Median Household Income
$36,525
Median Earnings
$1,892
Median Rent
$413,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Four-parcel residential income property with six existing units and zoning for additional development; repairs needed to reach market rents.
Where is this triplex located?
The property is located at 21840 Cottonwood Moreno Valley, CA.
What is the asking price?
The asking price for this property is $2,275,000.
What are key features of this property?
This property features: 4 parcels totaling almost 6 acres: 263‑170‑004, 263‑170‑003, 263‑170‑006, and 263‑170‑007; Zoned R‑15 (can build up to 15–16 apartments) and R‑3 (3 houses + 3 ADUs per acre); confirm final development with the city; Current setup includes 6 units total with present income about $8,800/month; needs repairs to reach market rent
