Property Description

Full Marketing Package Available. This site has an approved project 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 anrnexciting 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.

Features
0
0
: Foothills
: Level With Street, Lot 20000-39999 Sqft
: See Remarks
MLS Addon
R15
481171051
33,976
$3,645
0
$0
0
0
: Standard
15/11/2024 10:50:47
Listing courtesy of
The Hoffman Company
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Land For Sale

0 FirAvenue, Moreno Valley, California, 92553

0.78 Sqft
Visits : 2 in 2 days
$695,000
Listing ID #OC24234757
Basic Details
Status : Active
Listing Type : For Sale
Property Type : Land
Property SubType : Single Family Residence
Price : $695,000
Price Per Square Foot : $20
Lot Area : 0.78 Sqft
View : Mountain(s)
Listing ID : OC24234757
Agent info
Rina Maya
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