15394 Perris Boulevard, Moreno Valley, California 92551, Moreno Valley, 92551 - 0 bed, 0 bath
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Moreno Valley, California 92551
This Quadruplex Residential Income Asset is listed at $1,150,000, providing a stable investment opportunity in the growing Moreno Valley corridor. With a Fair Market Value of $996,958, the property offers immediate cash flow from four 2-bedroom units totaling 3,484 Square Feet. The 1979-built property maintains a Fair Condition Rating, featuring functional updates like Tile Flooring and Mini-Split HVAC Systems alongside Separate Gas and Electric Meters to reduce owner expenses. Its proximity to the 60 and 215 freeways ensures consistent tenant demand. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15394 Perris Boulevard Subject | $1,150,000* List Price | 0 | 0 | 3,484 | $286 | - |
A 24188 Clover Avenue Sold | $840,000 | 0 | 0 | 3,200 | $263 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, this 45-year-old property is dated and shows signs of age. While the interior features some functional updates like tile flooring and a modern mini-split HVAC system, the overall aesthetic and lack of recent comprehensive renovations to kitchens and baths place it in the fair category, requiring minor repairs and modernization.
Situated along the Perris Blvd corridor, the property offers excellent proximity to shopping, dining, schools, and major commuter routes including the 60 and 215 freeways.
Separate gas and electric meters for each unit minimize owner utility expenses and simplify property management operations.
The property is currently tenant-occupied, providing an immediate income stream for investors and reducing initial vacancy risk.
Built in 1979, the property may require more frequent maintenance or capital improvements to aging systems compared to newer developments.
The uniform mix of four 2-bedroom, 1-bath units may limit appeal to larger families or tenants seeking more varied floor plan options.
Four-unit multifamily property located in Moreno Valley. Situated along the Perris Blvd corridor, the property is near neighborhood shopping, dining, schools, parks, and commuter routes including the 60 and 215 freeways. The property consists of four 2-bedroom, 1-bath units and is currently tenant occupied. Separate gas and electric meters help reduce owner utility responsibility and support efficient operations. Suitable for investors seeking rental income, portfolio expansion, or long-term ownership potential. Multi-unit housing remains an important segment of the local market, making this an opportunity to acquire a four-unit income property. Buyer to verify all information independently.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1979 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 1, 2026
$1,150,000
Initial Listing
Jan 30, 2015
$370,500
Public Record
Apr 27, 2010
$226,000
Public Record
Mar 9, 2007
$626,000
Public Record
Aug 2, 2002
$220,000
Public Record