POTENTIAL TAX CREDITS - OWNED FOR MORE THAN 10 YEARS BY SELLER.
Currently an operating La Quinta Inn, the property is a Potential Conversion of the Existing Hotel to Affordable Housing or SRO Permanent Housing.
The Current Zoning may allow the Conversion to Affordable/SRO Housing per the City of Moreno Valley Planning Department, with a CUP (Please see enclosed Zoning/Conversion Section)
Built in 2009 and situated on approximately 1.36 acres of land, the Property comprises 62 rooms and is three stories in height, with approximately 29,669 square feet of floor space with a concrete parking surface.
ALL PROPERTY SHOWINGS ARE TO BE BY APPOINTMENT ONLY AND COORDINATED WITH THE LISTING AGENT.. THE MANAGEMENT IS NOT AWARE OF THE SALE AND IS NOT TO BE DISTURBED NOR ASKED FOR A TOUR OF THE PROPERTY INTERIOR