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0 Kalmia Ave. ave - SFR Development Opportunity (Serrano Heights) 32.54 Acres of Residential Land in Moreno Valley, CA 92557
Investment Highlights
- NWC of Slawson Ave. and Kalmia Ave
- Build 87 Lots w/ standard entitlement approvals R10 zoning
- Download the offering memorandum from the property website
- Build ~58 Lots w/ planning commission approval only R5 zoning
- Amazing mountain and city views
Executive Summary
A Tentative tract map was approved by the City of Moreno Valley for 83 SFR lots. The Seller allowed the TTM to expire, creating an opportunity for the Buyer to revise the site plan and potentially increase the lot count.
The site balances at 56 lots, (potentially up to 60 lots) averaging 7,200sf/lot. R5, so only needs planning commission approval needed. No low or moderate income housing needed.
The site also balances at 87 lots. avg. lot size 4,500sf. 10% low income, 10% moderate income. R10, standard entitlement time frame.
The site balances at 56 lots, (potentially up to 60 lots) averaging 7,200sf/lot. R5, so only needs planning commission approval needed. No low or moderate income housing needed.
The site also balances at 87 lots. avg. lot size 4,500sf. 10% low income, 10% moderate income. R10, standard entitlement time frame.
Property Facts
1 Lot Available
Lot
| Lot Size | 32.54 AC |
| Lot Size | 32.54 AC |
gross acres 32.54, net acres 31.71.
Description
A Tentative tract map was approved by the City of Moreno Valley for 83 SFR lots. The Seller allowed the TTM to expire, creating an opportunity for the Buyer to revise the site plan and potentially increase the lot count. The site balances at 56 lots, (maybe as much as 60 lots) averaging 7,200sf/lot. R5, so only needs planning commission approval needed. No low or moderate income housing needed. The site also balances at 87 lots. avg. lot size 4,500sf. 10% low income, 10% moderate income. R10, standard entitlement time frame.
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Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $5,387,482 CAD | Total Assessment | $5,387,482 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$5,387,482 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,387,482 CAD
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0 Kalmia Ave. ave - SFR Development Opportunity (Serrano Heights)
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