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26335 Iris Ave D, Moreno Valley, California 92555, Moreno Valley, 92555 - bed, bath

26335 Iris Ave D, Moreno Valley, California 92555 home-pic-0
ACTIVE$1,257,000
26335 Iris Ave D, Moreno Valley, California 92555
0Bed
0Bath
4,632Sqft
Lot
Year Built
2006
Close
-
List price
$1.26M
Original List price
$1.26M
Price/Sqft
$271
HOA
$13,428
Days on market
-
Sold On
-
MLS number
SB25268133
Home ConditionGood
Features
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $1.26M(67th), sqft - 4632(67th), beds - undefined(33th), baths - undefined(33th).

Currently Tenant Occupied, Please Do Not Disturb Tenants!! Rare opportunity to own THREE individual condominiums in the coveted Iris Landing Community! Potential to be delivered vacant. Calling all owner user buyers! Each condominium has 3 bedrooms with open floorplans, in-unit laundry, HOA Amenities, Central Air/Heat, & two-car garages. The newer construction offers updated systems & energy-efficient features. Pride of ownership, gated community. $271/sqft. Perfect for investors looking for newer construction, cash-flow, & potential to sell units individually in the future. All three condos have 3 Bedrooms & 2.25 Baths. Step inside to high ceilings and an open-concept layout filled with natural light. The spacious kitchen flows seamlessly into the living and dining area, perfect for entertaining or relaxing with family by the fireplace. The master bedroom has a walk-in closet and dual vanity sinks in the bathroom. Laundry room downstairs. There is also a two car garage with direct access into your property. Living in the IRIS LANDING community means you will have access to an array of amenities provided by the Moreno Valley Rancho HOA: including a 35-acre lake, large community pool, fitness centers, opportunity to kayak, fish, or paddleboard, a RESIDENT ONLY recreation center, private and public parks. Tenant pays: $2695/Month. See OM and showing remarks for virtual tour! -- 26335 Iris Ave #D (APN: 308612065) -- 26287 Iris Ave #E (APN: 308612036) -- 26279 Iris Ave #E (APN: 308612005)

Nearby schools

6/10
Lasselle Elementary School
Public,•K-5•0.4mi
7/10
Victoriano Elementary School
Public,•K-5•0.7mi
6/10
Mary Mcleod Bethune Elementary School
Public,•K-5•1.2mi
3/10
Armada Elementary School
Public,•K-5•1.4mi
4/10
La Jolla Elementary School
Public,•K-5•1.5mi
4/10
Hendrick Ranch Elementary School
Public,•K-5•1.7mi
5/10
Moreno Elementary School
Public,•K-5•2.3mi
4/10
Butterfield Elementary School
Public,•K-5•2.5mi
4/10
Ridge Crest Elementary School
Public,•K-5•2.8mi
5/10
Bear Valley Elementary School
Public,•K-5•3.0mi
3/10
Cloverdale Elementary School
Public,•K-5•3.7mi
5/10
Valley View Elementary School
Public,•K-6•7.7mi
5/10
Clayton A. Record, Jr., Elementary School
Public,•K-5•14.3mi
4/10
Vista Verde Middle School
Public,•6-8•0.7mi
3/10
Landmark Middle School
Public,•6-8•1.3mi
4/10
March Middle School
Public,•6-8•1.9mi
3/10
Mountain View Middle School
Public,•6-8•2.6mi
3/10
Palm Middle School
Public,•6-8•3.9mi
3/10
Mountain Shadows Middle School
Public,•7-8•5.9mi
2/10
Pinacate Middle School
Public,•7-8•9.0mi
4/10
Monte Vista Middle School
Public,•6-8•15.4mi
5/10
Vista Del Lago High School
Public,•9-12•0.7mi
6/10
Rancho Verde High School
Public,•9-12•2.2mi
5/10
Valley View High School
Public,•9-12•2.7mi
6/10
Citrus Hill High School
Public,•9-12•7.8mi
4/10
Heritage High School
Public,•9-12•10.9mi
4/10
San Jacinto High School
Public,•9-12•15.2mi

Price History

Date
Event
Price
12/02/25
Listing
$1,257,000
02/15/08
Sold
$210,000
Condition Rating
Good
The property was built in 2006, making it 18 years old, which falls within the 'Good' condition criteria (built within 10-20 years). The MLS description notes 'newer construction' with 'updated systems & energy-efficient features' and 'Central Air/Heat,' suggesting well-maintained major systems. Images confirm a clean and functional interior. The kitchen features stainless steel appliances, but the light wood cabinets and speckled countertops, while in good condition, reflect the original 2006 build style and appear somewhat dated. Bathrooms are also clean and functional with builder-grade finishes from the era. The property is move-in ready with no immediate renovation required, though cosmetic updates to the kitchen and bathrooms would enhance its appeal to current tastes.
Pros & Cons

Pros

Multi-Unit Investment Opportunity: Rare opportunity to acquire three individual condominiums, offering significant investment potential for cash flow and the future flexibility to sell units separately.
Strong Rental Income: Each unit is currently tenant-occupied at $2,695/month, providing immediate and substantial cash flow for investors.
Modern Construction & Features: Built in 2006, the properties feature newer construction with updated systems, energy-efficient components, central air/heat, and desirable open-concept layouts with high ceilings and fireplaces.
Extensive Community Amenities: Residents benefit from a wide array of HOA amenities, including a 35-acre lake, large community pool, fitness centers, and various recreational opportunities, enhancing lifestyle and property appeal.
Gated Community & Private Garages: The security of a gated community combined with private two-car garages with direct access for each unit adds convenience, safety, and desirability.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 4632, other record living area = 1224.
Tenant Occupancy & Access Limitations: The 'Tenant Occupied, Do Not Disturb' status restricts immediate physical access for potential buyers and may complicate the closing process or owner-user plans if not delivered vacant.
Significant Association Fees: The association fee of $13,428 (likely annual for all units) represents a substantial ongoing cost that impacts net operating income and overall profitability.
Moreno Valley Market Perception: While offering affordability, the Moreno Valley market may not always command the same premium or rapid appreciation as some other Southern California regions, potentially limiting long-term capital gains.

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