3
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0 Alessandro Boulevard
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 3, 2026 | Price Decreased |
$399,000
↓ $126K
(24%) | |
| Price Decreased | |||
| Dec 3, 2025 | Listed by Steve Welty & Associates Inc | $525,000 | |
| Listed by Steve Welty & Associates Inc | |||
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Newly Reduced Price! Excellent opportunity to acquire two adjoining flat parcels totaling approximately 0.94 acres just off Alessandro Blvd in Moreno Valley and the Old 215 Frontage Road. This prime location offers convenient access, strong visibility, and a fully usable layout ideal for a wide range of commercial possibilities. According to city zoning resources, the property lies within the Community Commercial (CC) District, designed to support the shopping and service needs of local residents and workers through business, retail, personal, and similar service establishments. Buyers are strongly encouraged to verify zoning, allowable uses, and all development requirements directly with the City of Moreno Valley. With nearly an acre of flat, well-positioned land in an established commercial corridor, this is a rare opportunity for investors, builders, or owner-users seeking a versatile development site in a growing market. ****No soils reports, surveys, etc., have been done. Buyer and buyer's agent to verify all information with the city or county for allowable uses and requirements and rely on their own investigations. **Buyer responsible for checking zoning, utilities, permits and exact property boundaries. ****
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| Aug 16, 2025 | Listed | $1,250,000 | |
| Listed | |||
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Welcome to ALESSANDRO HOME, an exclusive new community perfectly positioned in the vibrant center of the city. Designed with today’s homebuyers in mind, this limited collection of 31 single-family residences offers the ideal blend of comfort, style, and practicality—all at an exceptional value. Nestled across 6.38 acres (approximately 25,859 square meters) of thoughtfully planned space, each home ranges from 1,841 to 2,663 square feet and features four to five beautifully designed rooms to suit a variety of lifestyles. Every detail is being carefully considered in the current design phase to ensure a perfect balance of modern convenience and timeless appeal. With R3 zoning and anticipated market prices between $600,000 and $800,000, ALESSANDRO HOME represents an extraordinary opportunity in one of the city’s most sought-after locations. The entire development is available at just $1.25 million—averaging only $40,000 per home—making this not only a place to live but also a smart investment in your future. Whether you’re looking to settle into your dream home or secure a valuable asset in a thriving market, ALESSANDRO HOME offers the perfect foundation for the lifestyle you deserve.
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| Jul 4, 2025 | Price Decreased |
$499,999
↓ $25K
(4.8%) | |
| Price Decreased | |||
| Jun 15, 2025 | Price Decreased |
$525,000
↓ $25K
(4.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017