24094 Atwood Ave, Moreno Valley, CA
0 bd · 0 ba · 0 sqft Land listed at $399,990 in the Sunnymead neighborhood.
About this home
Flat and buildable 1.07 acre lot in a growing area of Moreno Valley. Zoned for residential development for up to 15 UNITS PER ACRE! Ideal for small or private developers to entitle and force appreciation, or build out long lasting wealth in a market that is desperate for more housing. You can build to rent or sell some or all of the units depending on your vision. Many opportunities as you can do detached townhome style or attached multifamily and/or condominium style... the choice is yours subject to city approval. All utilities nearby and accessible on Atwood Ave. This property is across the street from Sunnymead Elementary School and a couple minutes from 60 FWY and many Shopping, Restaurants, and Entertainment. Additionally, Senate Bill 684 (SB 684), also known as the "Starter Home Revitalization Act", allows for streamlined ministerial approval of housing developments with 10 or fewer units on urban lots under 5 acres. This property consists of TWO PARCELS making it easier and faster if you wanted to get between 11 and 15 units - just do 6-7 units on each parcel (theoretically). Local agencies must approve or deny completed applications within 60 days of receipt. This bill was enacted in 2023 and took effect January 1, 2024. SB 684 simplifies the approval process, eliminating the need for public hearings or discretionary reviews. BUYERS MUST VERIFY all marketing information, zoning, and development potential with the City to satisfy themselves.
What it's like to live here
AIProperty details
- Price
- $399,990
- Bedrooms
- 0
- Bathrooms
- 0
- Lot size
- 1.07 acres
- Type
- Land
- Days on market
- 316
- Est. property tax
- $3,000/yr · $250/mo · 0.75% CA avg
- Last sold
- $375,000 · Aug 2021
Estimated monthly payment
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Location
This home is located in Moreno Valley, CA. Browse more Moreno Valley listings on the Moreno Valley market page.
Home Intelligence
Neighborhood (zip 92553)
This neighborhood skews young (median age 30.1). 9% hold a bachelor's degree; 51% of homes are owner-occupied; median household income is $67,254.
- Median income
- $67,254
- Median age
- 30.1
- Owner-occupied
- 50.5%
- Bachelor's degree
- 9.3%
- Census median home value
- $371,600
Source: US Census Bureau American Community Survey 5-year estimates.
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