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    23090 Sunnymead Blvd Moreno Valley, CA 92553

    For Sale
    $11,500,000

    62-room hotel suitable for conversion to affordable housing.

    Property size:
    29,669 SF

    Property Features for 23090 Sunnymead Blvd

    General Information

    Size
    29,669 SF

    Building Details

    Year built
    2009

    Source: Luis Vazquez Agent Luis Vazquez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Moreno Valley Hotel Conversion Opportunity

    This property, currently operating as a La Quinta Inn, presents a conversion opportunity to affordable housing or SRO permanent housing. Built in 2009, the three-story building contains approximately 29669 square feet and is situated on an approximate 1.36-acre concrete lot. The property features 62 rooms, including 11 suites, as well as a kitchen, dining area, lobby area, meeting room (approximately 750 square feet), gymnasium and an indoor pool. Located just south of Highway 60, the property is near significant retail establishments and to the immediate east of the Pigeon Pass and Sunnymead intersection. The current zoning may allow the conversion to affordable/SRO housing per the City of Moreno Valley Planning Department, with a CUP. The seller is familiar with the conversion process. Potential tax credits are available, as the property has been owned for more than 10 years by the seller.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    La Quinta Inn ... Hotel Keith Thomas Association Or Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.2595704
    Latitude
    33.9399308

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    FAQs

    What type of property is this?
    Hotel - 62-room hotel suitable for conversion to affordable housing.
    Where is this hotel located?
    The property is located at 23090 Sunnymead Blvd Moreno Valley, CA.
    What is the asking price?
    The asking price for this property is $11,500,000.
    What are key features of this property?
    This property features: - Potential for conversion to affordable/SRO housing with CUP.; - Potential tax credits due to 10+ year ownership.; - Seller familiar with the conversion process.
    (310) 704-9109
    Request Owner's contact information
    23090 Sunnymead Blvd Moreno Valley, CA 92553
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    Moreno Valley, CA 92553
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23090 Sunnymead Blvd Moreno Valley, CA 92553
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