24094 Atwood Avenue Moreno Valley, CA 92553

This flat and buildable 1.07 acre lot is located in a growing area of Moreno Valley. Zoned for residential development, the property allows for up to 15 units per acre, making it ideal for small or private developers. The location is suitable for building to rent or selling units, with options for detached townhome style, attached multifamily, or condominium style developments, subject to city approval. All utilities are nearby and accessible on Atwood Avenue. The property is located across the street from Sunnymead Elementary School and is a few minutes from the 60 Freeway, shopping, restaurants, and entertainment. Senate Bill 684 (SB 684), 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. Consisting of two parcels, the property may facilitate the construction of between 11 and 15 units by building 6-7 units on each parcel. 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. The property is zoned SP-204 VR.