Description

We are pleased to present 13989 Moreno Rose Place, a premier development opportunity for Valley Gardens, a fully entitled 64-unit multifamily community in Moreno Valley. This 4.60-acre (200,519 SF) site has secured all discretionary approvals, allowing a purchaser to bypass years of entitlement risk. The acquisition includes a complete intellectual property package featuring professional architectural plans by Irwin Partners Architects and detailed civil engineering. With entitlements and design foundations in place, this offering provides an accelerated path to final plan check and construction, significantly reducing soft costs and speculative carry time for the buyer. The project consists of 64 units across eight two-story buildings using efficient Type V-B construction. While zoning allows for 1525 DU/acre, the site was intentionally approved at 13.91 DU/acre to prioritize larger units, better parking, and a more livable layout. With 160 dedicated spaces (a 2.5:1 ratio), this design supports premium 'lifestyle' rents by offering residences averaging 1,054 SFsignificantly larger than traditional high-density products. This two-story apartment building configuration appeals to a professional tenant base seeking the privacy of a traditional home with the convenience of a managed community. Additionally, the lower current density may offer future upside for a buyer looking to revisit site intensity. As the second-largest city in Riverside County, Moreno Valley is anchored by massive institutional investment, including the 40.6M SF World Logistics Center and healthcare expan

Features