23090 Sunnymead Blvd Moreno Valley, CA 92553
Property Features for 23090 Sunnymead Blvd
General Information
- Size
- 29,669 SF
Building Details
- Year built
- 2009
Source:
Sperrycga
Listing 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
Location Insight
- Map
- Local Demand
- City
- Moreno Valley
- County
- Riverside
- State
- California
- Longitude
- -117.2595704
- Latitude
- 33.9399308
Nearby Similar for Sale
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.