24094 Atwood Ave - Commercial LAND FOR SALE


Moreno Valley, CA 92553- Edgemont Gardens46,609 SF
$599,990 USD
951-283-5015
24094 Atwood Ave, Moreno Valley, CA for Sale
$599,990 USD
Commercial LAND - FOR SALE
1/8
46,609 SF

24094 Atwood Ave
Moreno Valley, CA 92553
Edgemont Gardens


HIGHLIGHTS

  • 15 Units per acre
  • Utilities Available
  • Curb, Sidewalk, Streetlights on Atwood
  • SB 684 Opportunity
  • $599k

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$599,990 USD

PRICE/ACRE

$560,741/AC

PRICE/SF

$13 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Atwood Ave

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Dorms, Apartment Units - Senior, Apartment Units - Subsdzd, Planned Unit Development, Single Family Development

LAND ACRES

1.07 AC

LAND SF

46,609 SF

OFFSITE IMPROVEMENTS

-

ZONING

SP 204 VR

APN/PARCEL ID

482-020-014,482-020-019

ASK ABOUT THIS PROPERTY

Bobby MendezRE/MAX CommercialMore Info
951-283-5015

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Bobby MendezRE/MAX CommercialMore Info
951-283-5015

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.