24094 Atwood Ave Moreno Valley, CA 92553

This is a flat and buildable 1.07-acre lot located in a growing area of Moreno Valley, California. The property is zoned for residential development, allowing for up to 15 units per acre. It is suitable for small or private developers looking to entitle and force appreciation, or to build long-lasting wealth in a market with high demand for housing. The property offers opportunities for building detached townhome-style or attached multifamily and/or condominium-style units, 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 couple of minutes from the 60 Freeway, shopping centers, restaurants, and entertainment venues. 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. This property consists of two parcels. 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.