$729,500
24380 Ironwood, Moreno Valley CA 92557
Multi-Family (Triplex)
Property type
15 days
On market
$339
Price per sqft
3 cars
Garage
1949
Year built
19,602 sqft
Lot size
Home highlights
Open Houses
Overview
Pride of ownership triplex on a large lot in growing area of Moreno Valley. New Sprouts, Starbucks and more just opened a block away. Triplex consists of a 2 bed, 1 bath front house, and two 1 bed, 1 bath units in the back. Potential for detached garage to be converted into a 4th unit. All units have their own garage. New roof installed in 2023. Property has long-term,...
Listing provided by: David Friedman DRE #01909018, REALICORE
Listing updated: Jun 3, 2026 at 12:43am.
Last checked: Jun 14, 2026 at 08:00pm
Source: CRMLS #IG26118184
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | 1 | $1,400 | $1,400 | $1,600 | Unfurnished |
| 1 | 1 | 1 | 1 | $1,000 | $1,000 | $1,600 | Unfurnished |
| 1 | 2 | 1 | 1 | $1,850 | $1,850 | $2,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 3
Separate Electric Meters: 3
Separate Gas Meters: 0
Separate Water Meters: 1
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
14.3x
List Price / Annual Gross Rent
Cap Rate
6.42%
NOI / List Price
Gross Scheduled Income: $51,000
Operating Expense: $4,140
Net Operating Income: $46,860
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $0
Pest Control: $125
Trash: $100
Water / Sewer: $120
Interior
Heating: Central
Laundry: In Garage
Entry Location: 1
Exterior
Property Attached: No
Stories Total: 1
Levels: One
Common Walls: No Common Walls
Lot Features: Rectangular Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 3
Parking Total: 3
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 475280017
Additional Parcels: No
Tax Lot: 61
Community
Senior Community: No
Community Features: Sidewalks