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23090 Sunnymead Blvd
Moreno Valley, CA 92553
Pot'l Permanent/Assisted Living/Convalescent · Multifamily Property For Sale
·
62 Units
Investment Highlights
- 10-Year Ownership - Potential Tax Credits!
- Well Maintained and Well Located Building Built in 2009 with Freeway Signage for New Business!
- Seller is Familiar with the Conversion Process
- Proper Zoning for Conversion to Permanent Housing/Assisted Living or Convalescent Care!
- Walking Distance to Significant Retail and Services
- 6.75 Potential Cap Rate on Market Rents!
Executive Summary
POTENTIAL TAX CREDITS - OWNED FOR MORE THAN 10 YEARS BY SELLER
Currently an operating La Quinta Inn, the property is a Potential Conversion of the Existing Hotel to Permanent Living/Assisted Living/Convalescent Care as per the Current Zoning.
Built in 2009 and situated on approximately 1.36 acres of land, the Property comprises 62 rooms and is three stories in height, with approximately 29,669 square feet of floor space, with a concrete parking surface.
ALL PROPERTY SHOWINGS ARE TO BE BY APPOINTMENT ONLY AND COORDINATED WITH THE LISTING AGENT.. THE MANAGEMENT IS NOT AWARE OF THE SALE AND IS NOT TO BE DISTURBED NOR ASKED FOR A TOUR OF THE PROPERTY INTERIOR
Currently an operating La Quinta Inn, the property is a Potential Conversion of the Existing Hotel to Permanent Living/Assisted Living/Convalescent Care as per the Current Zoning.
Built in 2009 and situated on approximately 1.36 acres of land, the Property comprises 62 rooms and is three stories in height, with approximately 29,669 square feet of floor space, with a concrete parking surface.
ALL PROPERTY SHOWINGS ARE TO BE BY APPOINTMENT ONLY AND COORDINATED WITH THE LISTING AGENT.. THE MANAGEMENT IS NOT AWARE OF THE SALE AND IS NOT TO BE DISTURBED NOR ASKED FOR A TOUR OF THE PROPERTY INTERIOR
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Refrigerator
- Carpet
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 62 | - | - |
Property Taxes
| Parcel Number | 292-250-024 | Improvements Assessment | $4,619,314 CAD |
| Land Assessment | $1,798,921 CAD | Total Assessment | $6,418,236 CAD |
Property Taxes
Parcel Number
292-250-024
Land Assessment
$1,798,921 CAD
Improvements Assessment
$4,619,314 CAD
Total Assessment
$6,418,236 CAD
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