26001 Alessandro BlvdMoreno Valley, CA 92555

Property Details for 26001 Alessandro Blvd

Lot size

18.39 AC

Property type

Residential income properties

Property subtype

Other land

Description

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.

Location Insight

City

Moreno Valley

County

Riverside

State

California

Latitude

33.9173

Longitude

-117.205

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