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Multifamily

Eagle View Flats

13153 Edgemont St, Moreno Valley, CA 92553

Listing Price: $8,450,000

Cap Rate
4.26%
Number of Units
18
Price/Unit
$469,444
Price/Gross SF
$444.97
Gross SF
18,990

Investment Overview

Completed in 2021, situated on 1.88 acres this new development consists of five single-story buildings. This beautifully designed property is one of the area’s newest and most sought-after apartment communities comprised of a wood frame and stucco exterior with a Spanish influenced appearance. The property offers market leading amenities which include direct-access garages, in unit washer and dryers, private patios on a park like setting. Located in the northwestern portion of Riverside County, at the nexus of Interstate-215 and State Route 60, Moreno Valley encompasses 51.5 square miles and is home to more than 200,000 residents. Beyond being the second most populous city in Riverside County, Moreno Valley boasts an average household income of more than $65,000. With convenient access to major transportation arteries, an educated workforce, and varied recreational amenities, Moreno Valley has attracted numerous Fortune 500 companies such as Amazon, Proctor & Gamble, Walgreens, Lowe’s, and O’Reilly, among others, who have large distribution centers in the city. The Inland Empire, and more specifically Moreno Valley, is one of the most rapidly developing pockets in Southern California. Moreno Valley’s strategic location at the intersection of Interstate-215 and State Route 60 provides employers with unparalleled access to both Southern California and the western region of the United States. A significant development in the immediate area, is the 200-acre site Kaiser Permanente and Riverside County Regional Medical Center which brings classrooms, research facilities, restaurants and retailers. Another major development in the area is the World Logistics Center, a 40.6-million-square-foot warehouse project designed to attract the world’s leading companies. The builder has estimated 20,000 jobs would be created due to the development. The construction will be over a period of 15 years, creating thousands of construction jobs. Beyond living in the epicenter of the West Coast’s largest logistical hub, residents also have easy access to Southern California’s largest employment centers in Los Angeles, Orange, and San Diego counties. The region’s pro-business climate continues to drive leading job growth in the region. Leading the charge, the Inland Empire industrial market continues to deliver more industrial space to the market. Demand for industrial space will continue to be driven by domestic and global consumption levels, which should lead to continued job growth in the years ahead.

Investment Highlights

  • New Single-story Construction with Direct Access Two-car Garages
  • Near Riverside University Health System Medical Center
  • Surrounded by Tremendous Job Growth including Multiple Fortune 500 Companies
  • Near Shopping, Transportation, Schools, and Parks
  • All Two-bedroom / Two-bathroom Units
  • Spacious 1,033 Square Foot Floor Plans
  • Located in Opportunity Zone

Exclusively Listed By

Listing Price: $8,450,000

Cap Rate
4.26%
Number of Units
18
Price/Unit
$469,444
Price/Gross SF
$444.97
Gross SF
18,990

Investment Highlights

  • New Single-story Construction with Direct Access Two-car Garages
  • Near Riverside University Health System Medical Center
  • Surrounded by Tremendous Job Growth including Multiple Fortune 500 Companies
  • Near Shopping, Transportation, Schools, and Parks
  • All Two-bedroom / Two-bathroom Units
  • Spacious 1,033 Square Foot Floor Plans
  • Located in Opportunity Zone

Investment Overview

Completed in 2021, situated on 1.88 acres this new development consists of five single-story buildings. This beautifully designed property is one of the area’s newest and most sought-after apartment communities comprised of a wood frame and stucco exterior with a Spanish influenced appearance. The property offers market leading amenities which include direct-access garages, in unit washer and dryers, private patios on a park like setting. Located in the northwestern portion of Riverside County, at the nexus of Interstate-215 and State Route 60, Moreno Valley encompasses 51.5 square miles and is home to more than 200,000 residents. Beyond being the second most populous city in Riverside County, Moreno Valley boasts an average household income of more than $65,000. With convenient access to major transportation arteries, an educated workforce, and varied recreational amenities, Moreno Valley has attracted numerous Fortune 500 companies such as Amazon, Proctor & Gamble, Walgreens, Lowe’s, and O’Reilly, among others, who have large distribution centers in the city. The Inland Empire, and more specifically Moreno Valley, is one of the most rapidly developing pockets in Southern California. Moreno Valley’s strategic location at the intersection of Interstate-215 and State Route 60 provides employers with unparalleled access to both Southern California and the western region of the United States. A significant development in the immediate area, is the 200-acre site Kaiser Permanente and Riverside County Regional Medical Center which brings classrooms, research facilities, restaurants and retailers. Another major development in the area is the World Logistics Center, a 40.6-million-square-foot warehouse project designed to attract the world’s leading companies. The builder has estimated 20,000 jobs would be created due to the development. The construction will be over a period of 15 years, creating thousands of construction jobs. Beyond living in the epicenter of the West Coast’s largest logistical hub, residents also have easy access to Southern California’s largest employment centers in Los Angeles, Orange, and San Diego counties. The region’s pro-business climate continues to drive leading job growth in the region. Leading the charge, the Inland Empire industrial market continues to deliver more industrial space to the market. Demand for industrial space will continue to be driven by domestic and global consumption levels, which should lead to continued job growth in the years ahead.

Exclusively Listed By

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