23752 sunnymead Blvd, Moreno Valley, CA 92553

Property Description

These twenty-six apartment units and two retail units are located at 23782 Sunnymead Blvd, Moreno Valley, California. Built in 1960, this 100% single story cottage style complex is situated on a large lot of 4.03 acres with approximately 24,900 rentable square feet. The property consists of six 1-bed 1-bath units averaging 650 square feet each, fourteen 2-bed 1-bath units averaging 850 square feet each, six 3-bed 1-bath units averaging 1,017 square feet each, and two retail units averaging 1,500 square feet each. The location of the property is on Sunnymead Boulevard across the street from a major regional shopping center. Sunnymead Blvd is a major traffic road with high visibility, and it has convenient access to Freeway I-60 and I-215. The city of Moreno Valley is located at the intersection of FWY 60 and 215, and bordered by the city of Riverside and Redlands. Recent industrial development and high employment growth has transformed and revitalized the area. Moreno Valley is expected to become a large hub for fulfillment and distribution warehouse centers. The region continues to draw new residents from nearby Los Angeles, Orange County and San Diego as renters opt for cheaper housing.