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    Moreno Beach Dr Moreno Valley, CA 92555

    Sponsored
    For Sale
    $1,240,000

    41 Acres, Panoramic Views, Residential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents three contiguous parcels totaling 41.44 acres of hillside residential land in Moreno Valley, California. Located on Moreno Beach Drive, near the intersection of Nason Street and with road easement access via Cottonwood Avenue, this property boasts breathtaking panoramic views of the city. The land is zoned HR, NC, and HR, offering significant development potential. Its prime location provides easy access to major retail establishments including Target, Kohl's, and Walmart, as well as Starbucks and numerous residential homes. The proximity to the 60 Freeway and commercial areas further enhances its appeal. This rare offering presents a unique chance to acquire a substantial residential land holding in a rapidly growing area of the Inland Empire. The property is being sold "As Is," and its elevated position provides a distinct advantage in the market. The three parcels are identified by APN numbers 488160001, 488160002, and 488160003. The asking price is $1,240,000.

    Property Features for 0 Moreno Beach Dr

    General Information

    Property type
    Land
    Lot Size
    1,805,126 SF

    HighLights

    • 41.44 acres of contiguous hillside residential land in Moreno Valley, CA.
    • Located on Moreno Beach Drive, near Nason St, with Cottonwood Ave access.
    • Zoned HR, NC, and HR, offering significant development potential.
    • Panoramic city views.
    • Prime location near major retailers (Target, Kohl's, Walmart, Starbucks) and the 60 Freeway.
    • APN numbers: 488160001, 488160002, 488160003. Asking price: $1,240,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.1741484
    Latitude
    33.9265334

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    FAQs

    What type of property is this?
    Land - 41 Acres, Panoramic Views, Residential
    Where is this land located?
    The property is located at Moreno Beach Dr Moreno Valley, CA.
    What is the asking price?
    The asking price for this property is $1,240,000.
    What are key features of this property?
    This property features: 41.44 acres of contiguous hillside residential land in Moreno Valley, CA.; Located on Moreno Beach Drive, near Nason St, with Cottonwood Ave access.; Zoned HR, NC, and HR, offering significant development potential.
    Request Owner's contact information
    Moreno Beach Dr Moreno Valley, CA 92555
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    Moreno Valley, CA 92555
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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
    Moreno Beach Dr Moreno Valley, CA 92555
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