13989 Moreno Rose Pl - Valley Gardens 4.6 Acres of Residential Land Offered at $2,500,000 in Moreno Valley, CA 92553

CBRE is 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. Offered at $2,500,000, 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. Development Specifications The project consists of 64 units across eight two-story buildings using efficient Type V-B construction. While zoning allows for 15–25 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 SF—significantly 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. Market Drivers & Investment Rationale 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 expansions by Kaiser Permanente and Riverside University Health System. With housing inventory at less than one month of supply, new construction in the immediate area is commanding strong average rents of $2,517 for 2-bedroom and $2,879 for 3-bedroom units. By delivering comprehensive grading and structural plans at the close of escrow, this offering de-risks the pre-construction phase and provides a clear, efficient path toward site commencement in a high-absorption growth market. Location & Regional Accessibility Located on Alessandro Boulevard, the site provides immediate access to regional medical and logistics hubs via the SR-60 and I-215 freeways. Residents are minutes from the Moreno Valley Mall and Stoneridge Towne Centre. For commuters, the property is near the Moreno Valley/March Field Metrolink Station, providing rail connections to Los Angeles and Orange Counties. This central location ensures the development remains highly competitive for tenants prioritizing both outdoor recreation and efficient transit access to major Southern California employment centers. Investment Opportunity Valley Gardens presents a fully entitled opportunity to acquire a high-margin asset in one of Southern California's fastest-growing submarkets. By removing the traditional hurdles of the entitlement and design phases, this project is positioned for immediate value creation. This is a definitive, non-speculative opportunity for a seasoned developer to capitalize on the soaring demand for modern, market-rate housing in a high-absorption region.