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    Myers Ave Moreno Valley, CA 92553

    Sponsored
    For Sale
    $149,990

    9,900sf R-20 Zoned Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9,900 square foot residential lot presents a prime opportunity for multi-family development in Moreno Valley, CA. Located in the Edgemont subdivision, the property boasts R-20 zoning, specifically SP 204 VR, permitting the construction of up to a four-unit residential building. Its strategic location offers convenient access to major freeways, including the 60 Freeway and I-215, providing excellent connectivity throughout Southern California. The lot's adjacency to existing multi-family dwellings and readily available utility lines significantly streamlines the development process. This high-density land parcel is ideally positioned to capitalize on the increasing demand for housing in the area. The asking price for this exceptional development opportunity is $149,990. The property's APN is 481-270-015 and is privately owned. This is a must-see property for investors seeking a lucrative venture in a thriving market. Don't miss this chance to acquire a highly desirable lot in a prime location. Act quickly, as this opportunity is unlikely to last.

    Property Features for 0 Myers Ave

    General Information

    Property type
    Land

    HighLights

    • R‑20 multi‑family zoning allows up to a four‑unit development.
    • Utilities are adjacent to the property.
    • Convenient access to the 60 Freeway and I‑215.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.24092182805
    Latitude
    33.933632373204

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    FAQs

    What type of property is this?
    Land - 9,900sf R-20 Zoned Land
    Where is this land located?
    The property is located at Myers Ave Moreno Valley, CA.
    What is the asking price?
    The asking price for this property is $149,990.
    What are key features of this property?
    This property features: R-20 multi-family zoning allows up to a four-unit development.; Utilities are adjacent to the property.; Convenient access to the 60 Freeway and I-215.
    (760) 242-6059
    Request Owner's contact information
    Myers Ave 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
    Myers Ave Moreno Valley, CA 92553
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