Moreno Valley, CA 92553,22020 Bay AVE
Moreno Valley, CA 92553,22020 Bay AVE
Moreno Valley, CA 92553,22020 Bay AVE
Moreno Valley, CA 92553,22020 Bay AVE
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$2,500,000

$2,000,000

25.0%
Est.Price: ?

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Est. payment /mo

5.06 Acres Lot


SOLD DATE : 09/02/2022

Key Details

Sold Price $2,500,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID IV21193774

Sold Date 09/02/22

HOA Y/N No

Lot Size 5.060 Acres

Acres 5.06

Property Description

The Seller is currently working with the city to split these lots. The sales price does not include the 5 units only the 4 acres of vacant land to the east of the units.This is an excellent property for development,it is made up of 2-2.5 acre parcels,one of the parcels has 2 duplexes on it,the other parcel has a single family home on it, it is zoned R3.Located close to major shopping,restaurants, medical facilities and the 215 and 60 freeways,the location is great.It is on a highly traveled main street,right on the corner.All utilities are already to the site.The water company recently ran a new 12" water main to service the property. There are 2 duplexes and 1 single family home on the site with rents over $5,000 per month,for development,these structures will be scrape offs. Parcel number(291-150-013) can be included in sale in the sale,for a total of 5.06 acres. Do not hesitate to submit all offer.

Location

State CA

County Riverside

Area 259 - Moreno Valley

Zoning R3

Interior

Fireplace No

Exterior

Community Features Rural

View Y/N Yes

View Mountains, Neighborhood

Building

Lot Description LotOver40000Sqft, Level, RectangularLot

Water Public

New Construction No

Others

Senior Community No

Tax ID 291150013

Acceptable Financing Cash, CashtoNewLoan, Conventional, Item1031Exchange, FreddieMac

Listing Terms Cash, CashtoNewLoan, Conventional, Item1031Exchange, FreddieMac

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by PACO CRAIG • NATIONAL REALTY GROUP
Bought with PACO CRAIG • NATIONAL REALTY GROUP
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