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Listed by Bryant Brislin • The Hoffman Company
$ 695,000
Est. payment /mo
Pending
0 Fir Avenue Moreno Valley, CA 92553
0.78 Acres Lot
UPDATED:
01/08/2025 01:32 AM
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID OC-24234757
Lot Size 0.780 Acres
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 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.
Location
State CA
County Riverside
Zoning R15
Exterior
Community Features Foothills
View Y/N No
View None
Building
Lot Description Level with Street, Lot 20000-39999 Sqft