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12291 Lamos Place

Moreno Valley, CA 92557
  • $825,000
  • STATUS: Pending
  • ON SITE: 31 Days
  • ID#: CV24023507
Pending
UPDATED: 45 min ago
$825,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1984
County:

School Ratings & Info

Listing Agent(s): Douglas Mccauley of MARCUS & MILLICHAP (909-456-3400) and David Covarrubias of MARCUS & MILLICHAP(909-456-3400)


Description

We are pleased to exclusively present the opportunity to acquire 12291 Lamos Place, a triplex multifamily investment property located in the city of Moreno Valley, California. The property sits on a 0.17-acre parcel and has an approximate building size of 2,668 square feet. The two-story property is comprised of three two-bedroom/two-bathroom floor plans. Unit 1 is on the ground floor with an attached double-car garage. Both units 2 and 3 are on the second floor with large private balconies. Each unit offers central air conditioning and heating, washer and dryer hook-ups, gas stove, and dishwasher. In addition, the master bedrooms offer walk-in closets with ensuite bathroom and fiberglass shower. The building features a total of five garages (one double-car garage and four single-car garages), concrete driveway, and pitched tile roof. All units are individually metered for gas and electricity, and have individual hot water heaters. The property is ideally located less than one-half a mile from Interstate 60 and is surrounded by multiple amenities. Major grocery stores and fast-food chains including Food4Less, DDs Discount, Walgreens, Starbucks, McDonalds, and Taco Bell are within walking distance of the subject property. Located 3 miles west of the property, Moreno Valley Mall is a two-level indoor shopping center that is home to a 16-screens movie theater, Round 1 Bowling & Entertainment Center, and multiple national retailers including Macys, JCPenney, Bath & Body Works, Express, etc. Walmart, Sams Club, Costco, Hobby Lobby, Target, and Best Buy are adjacent to the Moreno Valley Mall. In addition, University of California, Riverside is only seven miles northwest of the property. The university campus sits on nearly 1,200 acres and occupies more than 26,000 students and 1,100 faculty members, among them two Nobel Prize winners and fifteen members of the National Academies of Science and Medicine. As the number one logistics market in the United States, the city of Moreno Valley is home to the World Logistics Center conveniently located only one and a half hours drive from the Ports of Long Beach and Los Angeles. With easy access to the 60 freeway and the Interstate 10 and 215, the World Logistics Center is a Designated Free Trade Zone and is environmentally sustainable as the largest Net Zero GHG Project in the United States.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-04T19:31:05.867. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/147191099
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12291 Lamos Place Moreno Valley, CA 92557

  • Price: $825,000
  • Status: Pending
  • On Site: 31 Days
  • Updated: 45 min ago
  • ID#: CV24023507
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1984
Built
Neighborhood:
259 - Moreno Valley
County:
Riverside
Area:
259 - Moreno Valley
Property Description
We are pleased to exclusively present the opportunity to acquire 12291 Lamos Place, a triplex multifamily investment property located in the city of Moreno Valley, California. The property sits on a 0.17-acre parcel and has an approximate building size of 2,668 square feet. The two-story property is comprised of three two-bedroom/two-bathroom floor plans. Unit 1 is on the ground floor with an attached double-car garage. Both units 2 and 3 are on the second floor with large private balconies. Each unit offers central air conditioning and heating, washer and dryer hook-ups, gas stove, and dishwasher. In addition, the master bedrooms offer walk-in closets with ensuite bathroom and fiberglass shower. The building features a total of five garages (one double-car garage and four single-car garages), concrete driveway, and pitched tile roof. All units are individually metered for gas and electricity, and have individual hot water heaters. The property is ideally located less than one-half a mile from Interstate 60 and is surrounded by multiple amenities. Major grocery stores and fast-food chains including Food4Less, DDs Discount, Walgreens, Starbucks, McDonalds, and Taco Bell are within walking distance of the subject property. Located 3 miles west of the property, Moreno Valley Mall is a two-level indoor shopping center that is home to a 16-screens movie theater, Round 1 Bowling & Entertainment Center, and multiple national retailers including Macys, JCPenney, Bath & Body Works, Express, etc. Walmart, Sams Club, Costco, Hobby Lobby, Target, and Best Buy are adjacent to the Moreno Valley Mall. In addition, University of California, Riverside is only seven miles northwest of the property. The university campus sits on nearly 1,200 acres and occupies more than 26,000 students and 1,100 faculty members, among them two Nobel Prize winners and fifteen members of the National Academies of Science and Medicine. As the number one logistics market in the United States, the city of Moreno Valley is home to the World Logistics Center conveniently located only one and a half hours drive from the Ports of Long Beach and Los Angeles. With easy access to the 60 freeway and the Interstate 10 and 215, the World Logistics Center is a Designated Free Trade Zone and is environmentally sustainable as the largest Net Zero GHG Project in the United States.
Exterior Features

Entry Level 1 Entry Location Side Lot Features Back Yard Number Of Separate Electric Meters 4 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 57491 Gross Scheduled Income 58236 Insurance Expense 1650 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 2280 Net Operating Income 34813 New Construction YN No New Taxes Expense 9900 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 22678 Property Sub Type Triplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 2883 Vacancy Allowance 1165 Vacancy Allowance Rate 2 Water Sewer Expense 4045 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-04T19:31:05.867. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Douglas Mccauley of MARCUS & MILLICHAP (909-456-3400) and David Covarrubias of MARCUS & MILLICHAP(909-456-3400)