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Approved Eleven (11) Unit Multifamily Townhome Pro

0.78 Acres of Residential Land Offered at $985,142 CAD in Moreno Valley, CA 92553

Residential Land & Home Lots California Moreno Valley Approved Eleven (11) Unit Multifamily Townhome Pro, Moreno Valley, CA 92553

Investment Highlights

  • Unit Sizes: 1,222 sf Each | Parcel Size: ±.78 Ac (33,976 sf)

Executive Summary

PERMIT READY. This site has an approved site plan for an eleven (11) unit rental townhome project. Each unit is comprised of ±1,222 sf with 4 Beds, 2.5 Baths. With rental market inventory being so tight and very little new apartment projects being built, this property represents an exciting opportunity for an investor to produce for long-term cash flow and/or to sell when market cap rates are very low. Located only one block from the freeway which is ideal for tenants who commute either to the Coachella Valley (east) or Riverside/Orange County/Los Angeles (west). The immediate area has all the retail essentials, and within a short drive are the various Towngate shopping centers with Costco, Target, ALDI, 24 Hour Fitness & much more.

Attachments

11 Units Fir Ave Moreno Valley OM 03Q24-B

Property Facts

Price $985,142 CAD Property Type Land
Sale Type Investment Property Subtype Residential
No. Lots 1 Total Lot Size 0.78 AC
Price $985,142 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.78 AC

1 Lot Available

Lot

Price $985,142 CAD Lot Size 0.78 AC
Price Per AC $1,263,002 CAD
Price $985,142 CAD
Price Per AC $1,263,002 CAD
Lot Size 0.78 AC

Approved 11 Unit Multifamily Project 8 Units: Attached 3 Units: Detached

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Approved Eleven (11) Unit Multifamily Townhome Pro, Moreno Valley, CA - aerial map view

zoning

Zoning Code R15 (Max 15 Units Per Acre)
R15 (Max 15 Units Per Acre)
(714) 814-5624

Contact

  • Listing ID: 32172437

  • Date on Market: 2024-06-18

  • Last Updated:

  • Address: Approved Eleven (11) Unit Multifamily Townhome Pro, Moreno Valley, CA 92553

The Land Property at Approved Eleven (11) Unit Multifamily Townhome Pro, Moreno Valley, CA 92553 is currently available for sale. Contact The Hoffman Company for more information.

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Approved Eleven (11) Unit Multifamily Townhome Pro
(714) 814-5624 x

Approved Eleven (11) Unit Multifamily Townhome Pro

Bryant Brislin

(714) 814-5624

(714) 814-5624

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