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25843 Alessandro Boulevard - Flamingo Bay 96du 3.86 Acres of Residential Land Offered at $3,691,035 CAD in Moreno Valley, CA 92553
Executive Summary
Property Website: https://flamingo-bay-apartments.com/
Introducing Flamingo Bay Apartments, a fully entitled 96-unit multifamily development site located at 25817–25843 Alessandro Blvd, Moreno Valley, CA. This prime 3.86-acre property is strategically positioned within a thriving market, featuring a median household income of $109,000, strong population growth, and high market absorption.
The project includes a well-planned mix of 48 one-bedroom and 48 two-bedroom units, with an average unit size of 887 SF. The site is designed to offer modern amenities and a clubhouse, enhancing the living experience for future residents.
With an asking price of $2,700,000, the investment presents a compelling opportunity with a projected stabilized NOI of $2,079,010 and a yield on cost of 6.36%. The property benefits from fully vested entitlements, a favorable market environment, and a robust demand for rental housing.
This is an exceptional opportunity for qualified developers and investors to capitalize on the growing Inland Empire market. For more information, please contact James Walters at (949) 274-3526 or jwalters@fairbrookcommunities.com. CA DRE #02071589
Introducing Flamingo Bay Apartments, a fully entitled 96-unit multifamily development site located at 25817–25843 Alessandro Blvd, Moreno Valley, CA. This prime 3.86-acre property is strategically positioned within a thriving market, featuring a median household income of $109,000, strong population growth, and high market absorption.
The project includes a well-planned mix of 48 one-bedroom and 48 two-bedroom units, with an average unit size of 887 SF. The site is designed to offer modern amenities and a clubhouse, enhancing the living experience for future residents.
With an asking price of $2,700,000, the investment presents a compelling opportunity with a projected stabilized NOI of $2,079,010 and a yield on cost of 6.36%. The property benefits from fully vested entitlements, a favorable market environment, and a robust demand for rental housing.
This is an exceptional opportunity for qualified developers and investors to capitalize on the growing Inland Empire market. For more information, please contact James Walters at (949) 274-3526 or jwalters@fairbrookcommunities.com. CA DRE #02071589
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- Offering Memorandum
Property Facts
| Price | $3,691,035 CAD | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 3.86 AC |
| Property Type | Land | ||
| Zoning | High Density Multi Family | ||
| Price | $3,691,035 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 3.86 AC |
| Zoning | High Density Multi Family |
1 Lot Available
Lot
| Price | $3,691,035 CAD | Lot Size | 3.86 AC |
| Price Per AC | $956,226.72 CAD |
| Price | $3,691,035 CAD |
| Price Per AC | $956,226.72 CAD |
| Lot Size | 3.86 AC |
Vacant, Entitled, and Permits underway for a 96du apartment community.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $2,538,768 CAD | Total Assessment | $2,538,768 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$2,538,768 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,538,768 CAD
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25843 Alessandro Boulevard - Flamingo Bay 96du
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