Property profile

0 Cottonwood St Moreno Valley, CA 92584

OFF-MARKET
Land
2.62 ac lot
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Property summary

AI-generated overview

This exceptional 2.62-acre parcel in Menifee, CA (zip code 92584), presents a unique builder opportunity. Located on Cottonwood Street and Olive Street in Riverside County, this property consists of thirteen lots zoned R-R (Rural Residential), offering significant development potential. Ten lots are situated on Cottonwood Street, and three are on Olive Street, with individual lot sizes ranging from approximately 8,276 to 9,583 square feet. The land is priced at $1 per square foot, totaling $125,000 for the entire package. The lots can be purchased individually or as a complete package, providing flexibility for various development plans. Manufactured homes are permitted. Essential utilities, including power, are available, while propane, septic systems, and water tanks or wells are supported in the area. This charming rural community, nestled between Canyon Lake and Menifee, offers a blend of vacant land and existing single-family homes. Nearby amenities include Lake Elsinore (boating, fishing, etc.), Skylark Airport, a Soaring Club, Motorsports Park, and Diamond Baseball Field. The property's convenient location provides easy access to the I-15 freeway, connecting to major Southern California areas. The possibility of seller financing is available. The APN is 361101008. This presents a compelling investment opportunity in a rapidly growing area of Southern California.

Property profile

Verified
Property type Land
Lot 2.62 ac (114,127 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Cottonwood St Moreno Valley, CA 92584
Moreno Valley metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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