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Off market
  • $1,361,200

    24693 Ironwood Ave, Moreno Valley, CA 92557

    8beds
    7,096sqft
    MultiFamily
    Built in 1986
    -- sqft lot
    $1,361,200 Zestimate®
    $192/sqft
    $1,916 Estimated rent

    Home value

    $1,361,200

    $1.18M - $1.55M

    $1,916/mo

    Zestimate® history
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    $1,916/mo

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    $8,643/mo

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    $8,643/mo

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    What's special

    For inquiries, please contact Seller, Esteban Robledo via call or text at 310-279-3168 | Esteban@RobledoRealty.com – PLEASE TEXT IF NO ANSWER (se habla Español). Introducing 24693 Ironwood Ave, a uniquely strategic residential (R5) / commercial gem located in the residential heart of Moreno Valley, Riverside County, CA. Boasting an expansive ±7,056 SF footprint & a sizable lot, this property is zoned R5, opening avenues for future expansion. The R5 zoning presents an opportunity to tap into high-demand industries such as Early Education - Preschools (its current publicly listed use), Daycares, Assisted Living/Senior Care, Group Housing (Convalescent Homes, SRO's, Alcohol & Drug Treatment Facilities, etc.), & potentially Medical-Dental Facilities. Special uses like Churches & Community-Centric Services could thrive, making use of the large grassy lot & unique exterior pool—features that attract guests & customers seeking enriched summer camps & dynamic Youth/Senior activities. Being strategically located within a high-demand residential neighborhood & away from busy commercial spaces is a competitive advantage; along with being just a few blocks between two main roads (convenient commuter access). Moreover, the lot is equipped with ample parking spaces (30), with room for expansion if needed. In addition to its unique features, the property's sale includes many improvements, including a fully paid, recently installed full AC system with SEVEN UNITS, NEW insulation for increased energy efficiency, recently renovated interiors featuring new drywall & new energy-efficient LED lighting throughout, a revitalized exterior with a cleared landscaping, an exterior pool reaching 3.5 feet deep (great for children & seniors), a new main & irrigation backflow system with completely new PEX & Copper plumbing, updated exterior lighting, & a new tankless water heater & multiple toilets. Collectively, these improvements not only elevate the property's value but also ensure comfort, sustainability, & a modern aesthetic for future occupants. The expansive grassy lot is a rare commodity, offering ample space for future expansion, a vast play area for kids, & a perfect venue for various events. Notably, each of the six large rooms (with the two center rooms combined into one spacious area that can also be utilized for events/conferences) reportedly had been previously authorized for up to 24 daycare students/children, suggesting a potential annual yield in the millions of dollars. Additionally, the facility includes a kitchen, reception area, & office, along with a break room, three bathrooms, & two utility rooms with washer/dryer hookups, with the added option for a shower. For investors, whether international or domestic, this property not only offers access to the dynamic American market but also aligns with societal needs & government initiatives. The City of Moreno Valley's groundbreaking on the World Logistics Center, one of the world’s largest logistics centers, scheduled to start construction at the end of 2023, presents a lucrative opportunity. The resulting demand for care facilities, coupled with the city's constant community expansion projects, makes the purchase of this property an investment with long-term growth potential. This isn't just an investment; it's a strategic step into the future. Properties like these are typically held as part of a serious investor’s long-term portfolio. Explore the potential, secure your space, and script your next chapter of success at 24693 Ironwood Ave. • Feel free to Contact the Seller for Special Financing details including Seller Financing inquiries. Disclaimer: Buyer is advised to conduct thorough due diligence on the property & its potential uses, including but not limited to zoning regulations, permits, & any restrictions, to ensure alignment with their intended purposes.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 10
    • 3/4 bathrooms: 1
    • 1/4 bathrooms: 9
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Features
    • Flooring: Carpet, Concrete, Linoleum / Vinyl
    • Basement: None
    Interior area
    • Total interior livable area: 7,096 sqft

    Property

    Parking
    • Total spaces: 30
    • Parking features: Off-street, On-street
    Features
    • Exterior features: Other, Shingle, Stone, Stucco, Wood
    • Has view: Yes
    • View description: Mountain
    Lot
    • Size: 1.09 Acres

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Other
    Condition
    • Year built: 1986

    Community & HOA

    Community
    • Features: Assisted Living Community
    Location
    • Region: Moreno Valley

    Financial & listing details

    • Price per square foot: $192/sqft

    Price history

    Price history is unavailable.

    Public tax history

    Tax history is unavailable.

    Neighborhood: Midland

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $1,361,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,361,200