Description
Well-maintained four-unit multifamily property located in a strong rental area of Moreno Valley. All four units are 2-bedroom, 1-bath layouts and the property is fully occupied with stable tenants and a favorable utility structure.
Unit 1: $2,000/month – Lease through 5/2026
Unit 2: $1,803/month – Month-to-month
Unit 3: $1,900/month – Month-to-month
Unit 4: $1,900/month – Month-to-month
Gross Scheduled Income: $91,236 annually
– Each unit has its own electric and gas meter; tenants pay their own usage
– Fifth electric meter services common-area lighting
– Fifth gas meter services shared water heater (owner pays)
– One water meter – water paid by owner
– Average monthly owner utilities: approx. $450
– Gardener: $200/month
– Trash: $151/month
– Pest control: $80/month
Insurance: $333/month
Tax Rate 1.13%
Annual Operating Expenses: $14,568
Property offers stable tenancy with potential for rent adjustments on the three month-to-month units. Convenient location near shopping, transportation, and community amenities. A solid opportunity for buyers seeking a well-performing multifamily investment.
Address
Open on Google Maps- Address 15394 Perris
- City Moreno Valley
- State/county CA
- Zip/Postal Code 92551
- Country US
Details
Updated on February 18, 2026 at 2:14 pm- Property ID: PW26034855
- Price: $1,130,000
- Property Size: 3484 Sqft
- Land Area: 0.16 Acres
- Garages: 5.0
- Garage Size: x x
- Year Built: 1979
- Property Type: Quadruplex, Residential Income
- Property Status: Active
Additional details
- Listing Terms: Cash,Cash to Existing Loan,Conventional
- Sewer: Public Sewer
- Cooling: Ductless
- Heating: Ductless
- County: Riverside
- Property Type: Residential Income
- Pool: None
- Community Features: Street Lights,Suburban,Sidewalks
