$1,400,000
$1,599,000
12.4%For more information regarding the value of a property, please contact us for a free consultation.
22085 Cottonwood AVE Moreno Valley, CA 92553
2.9 Acres Lot
Key Details
Sold Price $1,400,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW22205852
Sold Date 02/15/23
HOA Y/N No
Lot Size 2.900 Acres
Property Description
Here is an amazing opportunity for developers or investors who are looking to construct in the growing city of Moreno Valley. This flat and valuable land can have up to 15 multi-family homes. Per the city, the land can be rezoned to an R15 as some lots in the area have already been rezoned to that. The previous owner was planning on constructing detached homes on the property. They also had 2 main sewer lines connected to the public sewer at the street, to the middle of the property, and another to the back. Although there is a 3 Bedroom 1 Bathroom home on the property, we are selling the property with the value in the land. All information is to be verified and satisfied by the buyer's own due diligence. PICTURES TO FOLLOW
Location
State CA
County Riverside
Area 259 - Moreno Valley
Zoning R2
Interior
Fireplace No
Exterior
Community Features Curbs, Rural, Street Lights, Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Mountain(s)
Building
Lot Description 2-5 Units/Acre, Lot Over 40000 Sqft, Rectangular Lot, Value In Land
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 291130010
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with GRACE SU • MEIGUO REALTY GRP