$9,000,000
$9M PRICE INCREASE

Estimated payment $51,961/month

Total Views 17,701
7.88 Acres
$1,142,132 Price per Acre
343,253 Sq Ft Lot

Highlights

  • 7.88 Acre Lot
  • No HOA
  • Level Lot
  • Mountain View

About This Lot

Property is UNPRICED!• Prime 7.88 Acre Apartment Site• Favorable Downtown Center (DC) Zoning Allows for No Limits on Density• DC Zoning Establishes a Flexible Environment for Creative/Transformative Projects• Close Proximity to Town Center at Moreno Valley - A Mixed Used Project With up to 800 Homes and 220,000 SF of Commercial Use, to Be Completed in 2025• City of Moreno Valley Job Creation Exceeding 30,000 Over the Past 10 Years• Nearby World Logistics Center (WLC), a 40.6 Million Square Foot Project That Will Provide a $2 Billion Annual Economic Benefit to the City• An Additional 20,000 New Jobs Coming From the Recently Approved WLC Project That Is Scheduled to Break Ground in Fall of 2023• Close Proximity to the Riverside University Health System Medical Center, a Hospital That Employs 6,000 Workers and Has an Economic Impact of $1.6 Billion• Nearby the New Kaiser Medical Center Project, an Expansion Plan That Will Add 1,125,000 Square Feet of Medical Services and Create 4,000 New Jobs in the City

Listing Agent

Jerry Stephens

DIVERSIFIED REALTY INC. Brokerage Phone: 951-567-3849 License #00546372 Listed on: 10/08/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $48,118

Lot Details

  • 7.88 Acre Lot
  • Level Lot
  • Property is zoned (DC) Downtown Center

Property Views

  • Mountain Views

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 1 / 119
  • Assessor Parcel Number 486270021
  • $230 per year additional tax assessments

Property Details

Property Type

Land

Est. Annual Taxes

$48,118

Lot Details

0

Listing Details

  • View: Yes
  • Zoning: (DC) Downtown Center
  • Property Type: Land
  • Parcel Number: 486270021
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 26.22

Exterior Features

  • View: Mountain(s)

Utilities

  • Water Source: Other

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 343252.80
  • Lot Size Acres: 7.8800
  • Latitude Manual: 33.91661400

Multi Family

  • Lot Size Area: 7.8800 Acres

Tax Info

  • Tax Block: 119
  • Tax Census Tract: 487.00
  • Tax Lot: 1
  • TaxOtherAnnualAssessmentAmount: 230.00

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $48,118 $4,371,150 $4,371,150 --
2023 $48,118 $4,201,414 $4,201,414 $0
2022 $1,729 $134,254 $134,254 $0
2021 $1,699 $131,622 $131,622 $0
2020 $1,683 $130,273 $130,273 $0
2019 $1,658 $127,719 $127,719 $0
2018 $1,629 $125,215 $125,215 $0
2017 $1,596 $122,760 $122,760 $0
2016 $1,582 $120,353 $120,353 $0
2015 $1,561 $118,547 $118,547 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2024 10/08/24 Price Changed $9,000,000 +449999900.0% --
10/08/2024 10/08/24 Price Changed $2 -80.0% --
10/08/2024 10/08/24 Price Changed $10 -90.0% --
10/08/2024 10/08/24 For Sale $100 -100.0% --
01/20/2022 01/20/22 Sold $4,119,034 -20.0% --
08/21/2019 08/21/19 For Sale $5,148,792 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Mortgage History

Date Status Loan Amount Loan Type
Closed $238,200 New Conventional
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV24208620

California Regional Multiple Listing Service (CRMLS)

APN: 486-270-021