21840 & 21796 Cottonwood Ave Moreno Valley, CA ^$ 2,200,000

21840 & 21796 Cottonwood Ave

^$ 2,200,000

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21840 & 21796 Cottonwood Ave

Moreno Valley, CA, 92553

^$ 2,200,000

Bedrooms-- Baths4.0 Sq 864

Monthly Estimate*

^$ 13,891

Listed by Minerva Rodas, PONCE & PONCE REALTY, INC, minerva@realestateponce.com

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Multi-Family Home for sale in Moreno Valley, CA

for $2,200,000 with 4 full baths. This 864 square foot home was built in 1976 on a lot size of 5.95.

Rare Moreno Valley development opportunity! This expansive property offers nearly 6 acres across 4 parcels, featuring 6 existing homes on the property and creating a unique opportunity for investors, developers, or buyers seeking substantial land with multiple residential units. The generous land area provides potential for additional multiple-unit development, subject to zoning, city approval, and applicable development requirements. With six existing homes, 4 parcels, and significant land available for future development, this property offers exceptional versatility and upside potential. Conveniently located in Moreno Valley with easy access to major roads, shopping, dining, schools, and surrounding communities. A rare opportunity to acquire a large property with existing units and the potential to expand. Bring your vision and explore the possibilities this unique property has to offer!

Multi-Family Active

Price

^$ 2,200,000

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

5.95

Year Built

1976

Town/City

Moreno Valley

County/Region

Riverside

MLS | Web ID

IG26197265

Days on Market

Features

General

Sewer Other

Heating Central

Garage Spaces 0

Pool Features None

Year Built 1976

Stories Count 1

Levels One

Property Subtype Mixed Use

Gross Income 120000

Community Features Suburban

Additional Parcels Description 263-170-004 263-170-006 263-170-007

County Riverside

Net Operating Income 90000

Operating Expense 30000

Insurance Expense 30000

New Construction false

Property Type Residential Income

Garage Y/N false

Special Listing Conditions Standard

Status Active

Directions South of Dracaea Ave and East of Edgemont St

City Moreno Valley

Entry Location Main

Senior Community Y/N false

Number Of Units Total 6

MLS Area 259 - Moreno Valley

Lot Size Units Acres

Lot Size Square Feet 259182

Listing Terms Submit

Property Attached Y/N true

Land Lease Y/N false

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 4800

Additional Parcels Y/N true

Rent Control Y/N false

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 53

Property Sub Type Additional Mixed Use

Interior

Total Stories 1

Common Walls 2+ Common Walls

Heating Y/N true

Laundry Features Inside

Entry Level 1

Exterior

Lot Features 2-5 Units/Acre

Water Source Other

Total Parking 0

Lot Size Area 5.95

Number of Buildings 4

Building Area Total 864

Lot Size Acres 5.95

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 6

Number of Separate Electric Meters 6

* Excluded Features

List By

Minerva Rodas

Listing Agent

Ponce & Ponce Realty, Inc

Broker

minerva@realestateponce.com

Affordability Calculator

$13,891

Per Month

Monthly Principal & Interest: $13,891
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Moreno Valley, CA

Average List Price ^$1,192,667

Percent of Sale Price 46%

About Moreno Valley, CA

205,919 Population

45% Since 2002

^$56,714 Median Income

31.7 Median Age

42% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/9/2026	$2,200,000		Listed Price

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21840 & 21796 Cottonwood Ave, Moreno Valley, CA, 92553 is a Multi-Family Home for sale at $2,200,000 with 864 sqft and a lot size of 5.95. 21840 & 21796 Cottonwood Ave has 4.0 baths and was built in 1976. The property's zip code is 92553 which is in Moreno Valley, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 10/2/2026. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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21840 & 21796 Cottonwood Ave

Multi-Family Home for sale in Moreno Valley, CA

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