Potential Tax Credits - Affordable Housing or SRO Conversion Opportunity
$11,500,000
23090 Sunnymead Blvd, Moreno Valley, CA 92553
29,669 sqft
Building Size
1.36 acres
Lot Area
Details:
Highlights:
- 10-Year Ownership Tax Credit Potential!
- Seller Familiar with the Conversion Process!
- Proper Zoning for Conversion!
- Well-Maintained and Located Property Built in 2009
- Amenities include Kitchen, Dining Area, Indoor Pool, 11 Suites, Lobby Area, Meeting Room (approximately 750 Square Feet), and Gymnasium
Description:
POTENTIAL TAX CREDITS - OWNED FOR MORE THAN 10 YEARS BY SELLER.
Currently an operating La Quinta Inn, the property is a Potential Conversion of the Existing Hotel to Affordable Housing or SRO Permanent Housing.
The Current Zoning may allow the Conversion to Affordable/SRO Housing Per the City of Moreno Valley Planning Department, with a CUP (Please see enclosed Zoning/Conversion Section)
Built in 2009 and situated on an approximate 1.36-acre concrete lot, the Property is comprised of 62 rooms and is three-story in nature with approximately 29669 square feet of construction.
Located just to the South of Highway 60, the Property is located near significant retail establishments and to the immediate east of the Pigeon Pass and Sunnymead intersection.
Documents:
| Title | ||
|---|---|---|
| Offering Memorandum #1 - Just Listed |
Location
Gallery
