21893 Cottonwood Ave — Sale in Moreno Valley, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Moreno Valley, CA 92553

Photos

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Investment Figures

Cap rate
7.08%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 21893 Cottonwood Avenue, a four-unit multifamily property located in Moreno Valley, California. The property is conveniently located near the 60 and 215 Freeways, providing tenants with easy access throughout the Inland Empire, including Riverside, San Bernardino, and surrounding employment hubs. 21893 Cottonwood Avenue offers investors a unique opportunity to acquire a fully vacant four-unit property, allowing a new owner to select their own tenants, lease all units at market rents, or occupy one unit while renting out the remaining three. The property features approximately ±2,889 rentable square feet situated on a large ±41,382-square-foot (0.95-acre) lot. The unit mix consists of one two-bedroom/one-bathroom single-family home and three two-bedroom/one-bathroom apartment units. Recent improvements include a new electrical panel for the front house, remodeled units, fresh paint, newly installed mini-split AC units, and newly paved asphalt. Offered at $925,000, the property is priced at $231,250 per unit and $320.18 per square foot. Based on projected market rents, the property is expected to achieve a 7.08% cap rate and 9.97 GRM once stabilized. Moreno Valley continues to experience steady rental demand supported by its relative affordability, convenient access to the 60 and 215 Freeways, and nearby employment drivers, including March Air Reserve Base and the expanding Inland Empire logistics corridor. With all four units delivered vacant, recent property improvements, and a nearly one-acre lot, 21893 Cottonwood Avenue provides a new owner the opportunity to immediately establish market rents and position the property for strong stabilized cash flow. Investment Highlights: • DELIVERED FULLY VACANT: Lease all four units at market rents or occupy one unit while generating income from the remaining three. • DESIRABLE UNIT MIX: Unit mix consisting of (1) 2 Bedroom/1 Bath Single Family Home and (3) 2 Bedroom/1 Bath units. • RE

Market Context

This multifamily in Moreno Valley, CA is listed for sale. It is offered at an approximate 7.1% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Moreno Valley, CA — view the full market.

As of Q1 2026, the Inland Empire multifamily market showed a 4.9% vacancy rate. Source: multiple brokerage reports, Q1 2026.

Tight vacancy keeps competition for quality space elevated.

Multifamily market FAQ

Is the Inland Empire multifamily market tightening or softening?
Vacancy is around 4.9% (Q1 2026).

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