0 Fir Avenue

Moreno Valley, CA 92553

PRICE REDUCED

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-$300,000 (-30.15%)

$695,000

List Price

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Property Description

*PERMIT READY*FULL MARKETING PACKAGE AVAILABLE UPON REQUEST*. 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

Listing Information

List Price $695,000
Status Pending
MLS OC24121263
HOA $0
Type Land
Lot Size 33,976
Structure Size N/A
DOM 104
Courtesy Of The Hoffman Company
Listing Agent Bryant Brislin DRE#01877964

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Bryant Brislin, The Hoffman Company . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 5:48 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.