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26001 Alessandro BlvdMoreno Valley, CA 92555

Prime 18-acre site, 460 units planned.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 18.39-acre land parcel presents a remarkable opportunity for large-scale residential development in Moreno Valley, California. Currently zoned R30 (Residential 30), allowing for a high-density project, this fee-simple property is ideally positioned for a 460-unit apartment complex, currently undergoing entitlement with an anticipated completion in Spring 2025. The site boasts a strategic location adjacent to the recently completed Prose Rancho Belago, a Class A 420-unit apartment community, underscoring the area's strong demand for high-quality housing. Furthermore, its proximity to the future Town Center at Moreno Valley, a mixed-use development encompassing up to 800 homes and 220,000 square feet of commercial space, promises significant synergistic benefits. Moreno Valley's robust economic growth, evidenced by over 30,000 jobs created in the last decade, is further bolstered by the nearby World Logistics Center (WLC), a 40.6 million-square-foot project generating a $2 billion annual economic impact and an additional 20,000 jobs upon its 2025 groundbreaking. The property's close proximity to Riverside University Health System Medical Center (6,000 employees, $1.6 billion economic impact) and the planned expansion of the Kaiser Medical Center (adding 1,125,000 square feet) solidifies its position within a thriving and expanding healthcare hub. The property's APN is 486-280-002 & 486-280-004, located at 26001 Alessandro Blvd, Moreno Valley, CA 92555. This is a truly exceptional investment opportunity in a rapidly growing market.

Highlights

  • Prime 18.39-acre apartment site in Moreno Valley, CA.
  • 460-unit apartment development; entitlements expected to be complete Spring 2025.
  • R30 zoning (30 units per acre).
  • Adjacent to a recently completed 420-unit Class A apartment community.
  • Near the future Town Center at Moreno Valley (up to 800 homes and 220,000 SF of commercial space).
  • Moreno Valley's job growth exceeds 30,000 in the last decade.

Property Details for 26001 Alessandro Blvd

Property type
Land
Lot Size (sq. ft)
801,068 SF

Location Insight

City
Moreno Valley
County
Riverside
State
California
Latitude
33.9173088
Longitude
-117.2045358
26001 Alessandro Blvd, Moreno Valley, California

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26001 Alessandro Blvd
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