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In-PersonVirtual Tour
$ 695,000
Est. payment | /mo
0.78 Acres Lot
$ 695,000
Est. payment | /mo
0.78 Acres Lot
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
Listed by Bryant Brislin • The Hoffman Company • bbrislin@hoffmanland.com