High Density Land opportunity located in the heart of Moreno Valley CA.
These four parcels are all within 1/2 mile of each other and are zoned R20 - SP 204 VR allowing for MULTI-FAMILY development with a total potential of 50 units. These parcels allow for up to 20 dwelling units each, depending on approved designs submitted to the city.
The properties total 151,589 SF (3.48 Acres)
The properties are all less than 3 minutes from the 60-FWY which connects Moreno Valley to Los Angeles and I-10 and Coachella Valley.
Properties can be bought individually, and the 1.36 Acre property already has a 2 bedroom 1 bath house on it.
Average home in Moreno Valley sells for $536,000 and average rent is $2,634/m.