2.6 acres total for sale. Land has a 3-bedroom house on it. Zoned for 20 units per acre. House is on 0.46 acres. The land comes with APN # 481-150-024, 025, 026,027.
Major Price reduction: 4 Plex: 2-bedrooms 1 bath each unit approx. 816 sqft. Long term Tenants with month to month rents, and well kept. Each unit assigned 1 detached garage at rear of property. Property has separate laundry room with washer/dryer hook-ups, separately metered, currently not being used. 4-plex has 1 huge water heater servicing all 4 units. Landlord pays for this on separate meter. In this area, sewer is paid for on annual tax bill. All units have stoves belonging to tenant. IMPROVEMENTS: all windows on building replaced with new ones. All garage doors are new. New kitchens in most units. Newer flooring in most units. Over past years electrical & plumbing upgrades. 5th electric meter is for laundry room and exterior lighting. 5th gas meter is for water heater and laundry room. Do not disturb Tenants.
The property consists of approximately 0.99 acres (43,125 sqft) located on Olive Wood Plaza Drive in Moreno Valley, CA. The property is adjacent to Highway 60 with excellent visibility and freeway frontage. Electronic billboard signage is allowed as well as building signage. Highway 60 has traffic counts of approximately 120,000 cars per day. The property is located just north of Sunnymead Blvd, one of Moreno Valley’s main retail corridors which has traffic counts of approximately 20,000 cars per day. The property is an infill lot with curb, gutter as well as all utilities, some on the property with the rest in the street. Sewer and water are serviced by EMWD. Surrounding the property are medical offices, restaurants, and auto-service retailers. The site is proposed for hotel development which is permitted under the Corridor Mixed Use zoning.
The property consists of approximately 0.99 acres (43,125 sqft) located on Olive Wood Plaza Drive in Moreno Valley, CA. The property is adjacent to Highway 60 with excellent visibility and freeway frontage. Electronic billboard signage is allowed as well as building signage. Highway 60 has traffic counts of approximately 120,000 cars per day. The property is located just north of Sunnymead Blvd, one of Moreno Valley’s main retail corridors which has traffic counts of approximately 20,000 cars per day. The property is an infill lot with curb, gutter as well as all utilities, some on the property with the rest in the street. Sewer and water are serviced by EMWD. Surrounding the property are medical offices, restaurants, and auto-service retailers. The site is proposed for hotel development which is permitted under the Corridor Mixed Use zoning.
Long term owners selling net leased property creating an opportunity for new investors to collect rent, or potentially create new business ventures on an owned site. Located on bustling Sunnymead Blvd., the major artery of business in Moreno Valley. Very high traffic count of 31.8 and a walk score of 68. Iconic location in the midst of the "One of the most dynamic economic market potentials in contemporary California" per the city's home page, Grab the chance in a market that is about to explode. Property is less than a mile from the Perris Blvd exit off the 60 fwy. Across from a Bowlero and the Rio Rancho Super Mall. According to the U.S. Census Bureau, the population of Moreno Valley, California was 208,634 in 2021. This is an increase of 3.46% since the 2010 census, which recorded a population of 193,3652. Moreno Valley is the 20th largest city in California and the 109th largest city in the United States2. It is part of the San Bernardino-Riverside Metro Area, also known as the Inland Empire, which has a metro population estimated at 4.2 million. Subject to cancellation of current escrow. Buyer to verify square footage of lot and improvements through their due diligence.
Visibility from the 60 Freeway! Over 2 acres, easy access from Beacon St and Sunnymead Blvd. Includes commercial building
VACANT LAND IN THE CENTER OF MORENO VALLEY! VERY BUSY LOCATION PERFECT FOR A COMMERCIAL BUSINESSES AND RESTAURANTS.
VACANT LAND IN THE CENTER OF MORENO VALLEY! VERY BUSY LOCATION PERFECT FOR A COMMERCIAL BUSINESSES AND RESTAURANTS.
Perfect land for Industrial / Business Park use. Owner or Development company to build. Great access to the 215 & 60 Freeways. Buyer and Buyer's agent to do due diligence
THIS IS A GREAT DEVELOPMENT PROJECT FOR THE Moreno Valley AREA, ZONE R15, AND IN THE REDELOPMENT AREA, BONUS DESITY AVAILABLE, PLEASE VERIFY WITH CITY PLANNING. SENIOR HOME OR APARTMENT BONUS DESITY AND FINACIAL PROGRAM AVQAILBE, PLEASE VERIFY WITH CITY ECONOMICS DEPARTMENT.
Excellent location, main commercial street in the city of Moreno Valley,
The median home value in Moreno Valley, CA is $328,100. This is lower than the county median home value of $386,200. The national median home value is $219,700. The average price of homes sold in Moreno Valley, CA is $328,100. Approximately 56.99% of Moreno Valley homes are owned, compared to 37.15% rented, while 5.86% are vacant. Moreno Valley real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Moreno Valley real estate agent to arrange a tour today!
Moreno Valley, California 92553 has a population of 203,691. Moreno Valley 92553 is more family-centric than the surrounding county with 37.99% of the households containing married families with children. The county average for households married with children is 36.51%.
The median household income in Moreno Valley, California 92553 is $59,827. The median household income for the surrounding county is $60,807 compared to the national median of $57,652. The median age of people living in Moreno Valley 92553 is 30.3 years.
The average high temperature in July is 94.3 degrees, with an average low temperature in January of 42.3 degrees. The average rainfall is approximately 14.4 inches per year, with 0.3 inches of snow per year.