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Vivian Ayala

vivian.ayala@exprealty.com +1(171) 439-11248

$399,990

Est. payment - /mo

1.07 Acres Lot

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Key Details

Property Type Vacant Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID IG25135366

HOA Y/N No

Lot Size 1.070 Acres

Property Description

Flat and buildable 1.07 acre lot in a growing area of Moreno Valley. Zoned for residential development for up to 15 UNITS PER ACRE! Ideal for small or private developers to entitle and force appreciation, or build out long lasting wealth in a market that is desperate for more housing. You can build to rent or sell some or all of the units depending on your vision. Many opportunities as you can do detached townhome style or attached multifamily and/or condominium style... the choice is yours subject to city approval. All utilities nearby and accessible on Atwood Ave. This property is across the street from Sunnymead Elementary School and a couple minutes from 60 FWY and many Shopping, Restaurants, and Entertainment. Additionally, Senate Bill 684 (SB 684), also known as the "Starter Home Revitalization Act", allows for streamlined ministerial approval of housing developments with 10 or fewer units on urban lots under 5 acres. This property consists of TWO PARCELS making it easier and faster if you wanted to get between 11 and 15 units - just do 6-7 units on each parcel (theoretically). Local agencies must approve or deny completed applications within 60 days of receipt. This bill was enacted in 2023 and took effect January 1, 2024. SB 684 simplifies the approval process, eliminating the need for public hearings or discretionary reviews. BUYERS MUST VERIFY all marketing information, zoning, and development potential with the City to satisfy themselves.

Location

State CA

County Riverside

Area 259 - Moreno Valley

Zoning SP-204 VR

Interior

Fireplace No

Exterior

Community Features Curbs, Gutter(s), Street Lights, Sidewalks

Utilities Available Electricity Available, Sewer Available, Water Available

View Y/N Yes

View Mountain(s)

Building

Lot Description 11-15 Units/Acre

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 482020014

Acceptable Financing Cash, Submit

Listing Terms Cash, Submit

Special Listing Condition Standard

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Listed by Robert Mendez Re/Max Time Realty 951-283-5015, DRE #01971883

NEARBY SCHOOL & BUSINESS

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24094 Atwood AVE Moreno Valley, CA 92553