Prime Apartment Development
For Sale
$21,000,000
28057 Bay Ave, Moreno Valley, CA 92555
21.19-acre site with entitlements for 500 units.
Property SizeContact for details
Lot Size21.19 Acres
Days on Market254
Property Features for 28057 Bay Ave
General Information
Standard status
Active
Lot size
21.19 Acres
Property subtype
Land
Listing Agency:
Diversified Realty Inc.
(951) 567-3849
Listed By:
JERRY STEPHENS · License #546372
(951) 567-3849
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 8
Last Checked: Jul 16 at 10:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Diversified Realty Inc.
Investment Insights
Based on property information with market context.
This 21.19-acre site is intended for apartment development. Full entitlements for a 500-unit apartment development are expected by Fall 2025. The property is located close to the new freeway interchange on Moreno Beach Drive, completed in 2024. The City of Moreno Valley has experienced job creation exceeding 30,000 over the past 10 years. It is near the World Logistics Center (WLC), a 40.6 million square foot project expected to provide a $2 billion annual economic benefit to the city. An additional 20,000 new jobs are anticipated from the recently approved WLC project, scheduled to break ground in 2025. The site is in close proximity to the Riverside University Health System Medical Center, a hospital employing 6,000 workers with an economic impact of $1.6 billion. It is also nearby the new Kaiser Medical Center project, an expansion plan that will add 1,125,000 square feet of medical services and create 4,000 new jobs in the city.
Key Highlights
- Prime 21.19 acre apartment site approved for a 500‑unit development.
- Full entitlements expected by Fall 2025.
- Close proximity to the World Logistics Center (WLC), a 40.6 million square foot project.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Explore this area
Business Placement
Demographics for 92555, CA
43,580
Population
12,337
Households
3.5
Avg Household Size
35
Median Age
24%
College-Educated
87%
High-School Grad
65.8 sq mi
ZIP Area
662
Density / Sq Mi
$113,636
Median Household Income
$47,020
Median Earnings
$2,376
Median Rent
$543,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 21.19-acre site with entitlements for 500 units.
Where is this land located?
The property is located at 28057 Bay Ave Moreno Valley, CA.
What is the asking price?
The asking price for this property is $21,000,000.
What are key features of this property?
This property features: Prime 21.19 acre apartment site approved for a 500‑unit development.; Full entitlements expected by Fall 2025.; Close proximity to the World Logistics Center (WLC), a 40.6 million square foot project.
