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Executive Summary

RARE DEVELOPMENT & ESTATE OPPORTUNITY ABOVE BOX SPRINGS
Exceptional Views | 13.4± Acres | Equestrian Zoning | Private Well & Natural Spring
Discover a rare opportunity to own approximately 13.4± acres across two parcels in an elevated
and highly desirable location above Box Springs, offering spectacular panoramic views of
Moreno Valley and Riverside.
The property includes APN #256-150-018 (3.2± acres) and APN #256-160-017 (10.2± acres).
An existing residence is situated on the property and presents an excellent opportunity for
renovation, expansion, redevelopment, or replacement with a custom estate, subject to
applicable approvals.
The expansive 10.2±-acre parcel features an additional elevated plateau with breathtaking,
unobstructed views, creating exceptional potential for a private estate, equestrian property, or
future investment/development opportunity. The land is zoned for equestrian use and offers a
combination of privacy, open space, and natural beauty that is increasingly difficult to find in the
area.
Additional property highlights include a private well and access to natural spring water,
providing valuable on-site water resources. The combination of substantial acreage, elevated
views, equestrian zoning, and multiple potential uses makes this a compelling opportunity for
owner-users, developers, and long-term investors.
Buyers are encouraged to independently verify zoning, land use, development potential,
water rights, well and spring conditions, utilities, access, and all other property information
with the appropriate governmental agencies and qualified professionals.
Opportunities of this scale and setting are rarely available—bring your vision and create
an exceptional estate or investment property above Moreno Valley.

Property Facts

Price $1,592,244 CAD
Price Per Unit $398,061 CAD
Sale Type Investment
Cap Rate 4.67%
Sale Condition 1031 Exchange
Gross Rent Multiplier 20
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 3.23 AC
Building Size 5,132 SF
Average Occupancy 100%
No. Stories 1
Year Built 1940
Parking Ratio 4.48/1,000 SF
Zoning R
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 256-160-017
  • 256-150-018
Land Assessment
$532,847 CAD
Improvements Assessment
$386,121 CAD
Total Assessment
$918,967 CAD
  • Listing ID: 41966392

  • Date on Market: 2026-09-01

  • Last Updated:

  • Address: 11280 Hillmer Ct, Moreno Valley, CA 92557

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