26681 Fir Ave, Moreno Valley, CA 92555
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Listed Price :
$4,500,000
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Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
Property Description
TTM was recently approved by the city of Moreno Valley in Oct, 2024. The approved plan comes with 37 Lots averaging 7,870 SQ FT per lot, including 6 home types from one-story-3B2B to two-story-4B4B Single Family Units with the potential for adding an Accessory Dwelling Unit (ADU) to each lot.
A community of 37 residential lots on 8.894 acres of land in Moreno Valley, County of Riverside. This site surrounds the mature community where all the streets and utilities exist. This location is in the heart of Moreno Valley, where the Northern and Eastern sides of the subject property have prominent existing retail. You will find the additional retail on the western side, and to the south of the project, you will find a golf club accompanied by Moreno Valley College. This is an ideal acquisition for both investors and homebuilders; the well-located and right size can lead to a good profit after it matches the surrounding areas.
The housing market in Moreno Valley is the strongest we have seen this cycle, and all actively selling new homes are trading above the average this past month within this hot market. The price of houses in Moreno Valley increased during the pandemic, and it is still experiencing stable growth. The city of Moreno Valley’s workforce growth is trending upwards due to its 5.8 million square feet of industrial space and newly approved world logistics center. Therefore, the residential potential needs are in demand. The household income in Moreno Valley above $100,000 is over 44.4%. The buying power in this area to purchase SFRs averages around $750,000 from 2023 and is projected to trend around that average through 2027.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
26681 Fir Ave |
| City |
Moreno Valley |
| State |
CA |
| Zip |
92555 |
| County |
Riverside |
| Listing Agent |
MIN LA DRE #02104633 |
| Courtesy Of |
UNIVERSAL ELITE REALTY |
| List Price |
$4,500,000 |
| Status |
Active |
| Type |
Land |
| Structure Size |
N/A |
| Lot Size |
387,423 |
Listing information courtesy of: MIN LA, UNIVERSAL ELITE REALTY. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 11th, 2025 at 12:10 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
