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$695,000
Est. payment /mo
0.78 Acres Lot
UPDATED:
12/11/2024 05:49 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24234757
HOA Y/N No
Annual Tax Amount $3,645
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.
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
Area 259 - Moreno Valley
Zoning R15
Interior
Fireplace No
Exterior
Community Features Foothills
View Y/N No
View None
Building
Lot Description Street Level
Water See Remarks
New Construction No
Others
Senior Community No
Tax ID 481171051
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Listed by Bryant Brislin • The Hoffman Company • bbrislin@hoffmanland.com