24094 Atwood, Moreno Valley, CA 92553 - MLS#IG25135366

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 599,990

Est. payment | -/mo

Save

$ 599,990

Est. payment | -/mo

Save

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID IG25135366

Property Sub-Type Lots/Land

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

Direction property is a flag shape lot. Turn onto driveway from Atwood Ave address and the lot is on your left.

Interior

Fireplace No

Exterior

Utilities Available Electric

View Y/N No

Others

Tax ID 482020014

Listed by Robert Mendez Re/Max Time Realty

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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24094 Atwood Moreno Valley, CA 92553