Valley Gardens 2-Story Apartment Development 13989 Moreno Rose Place
Moreno Valley, CA 92553
For Sale
4.60 ac
Sale Price
$2,500,000
Brochure
Property Website
Map
Land For Sale
Just Listed: 64-Unit Fully Entitled Multifamily Development Site | Moreno Valley
Strategic Moreno Valley Location: The project is situated in Moreno Valley, the second-largest city in Riverside County, renowned for its resilient "Inland Empire" growth and picturesque setting. This location offers residents a high-quality lifestyle with immediate proximity to the Moreno Valley Mall, Stoneridge Towne Centre, and premier outdoor recreation at the nearby foothills.
Fully Entitled For Development: Fully Entitled development opportunity for 64 multifamily units. The ±4.60-acre site includes approved architectural and civil plans, allowing a buyer to bypass the discretionary entitlement process. This advanced status eliminates entitlement risk and provides a clear, efficient path toward final plan check and permitting.
Regional Connectivity & Transit: The site is located on Alessandro Boulevard with convenient proximity to the SR-60 and I-215 Freeways, providing excellent accessibility to major Southern California employment centers. Furthermore, the property is minutes from the Moreno Valley/March Field Metrolink Station, offering a seamless rail commute to Los Angeles, Orange, and San Bernardino Counties.
Strategic Density & Configuration: While zoning allows for 15–25 DU/acre, the project was intentionally approved at 13.91 DU/acre to prioritize larger unit sizes, enhanced parking, and a more livable site layout. This configuration positions the project to attract family-oriented and workforce tenants seeking a residential environment compared to traditional high-density products.
Spacious Design, Superior Parking & Market Rents: The unit mix features 32 two-bedroom and 32 three-bedroom units averaging ±1,054 square feet. The project is engineered with 160 dedicated parking spaces—a robust 2.5:1 ratio—which is above market for comparable developments. Market rents in the area are averaging $2,500+ (2B) and $2,800+ (3B), supporting a strong leasing outlook.
Expanding Professional Demographic: Moreno Valley’s economic fundamentals are anchored by a robust healthcare and logistics "super-corridor," including the Riverside University Health System and Kaiser Permanente expansions. The influx of medical professionals and logistics managers ensures a reliable pool of high-quality tenants seeking modern housing alternatives to dense urban coastal centers.
Exceptional Market Fundamentals: Beyond its infrastructure, Moreno Valley is one of California's fastest-growing submarkets, driven by major institutional employers and the World Logistics Center. This combination of strong job growth, limited housing supply, and high absorption rates makes Valley Gardens a standout institutional-grade asset for any portfolio.
Get in touch
Eric Chen
Lic: 01489184
Blake Torgerson
Lic: 01919955
Kevin Sin
Lic: 02020968
CBRE is pleased to present 13989 Moreno Rose Place, a fully entitled 64-unit multifamily development opportunity located in Moreno Valley, California.
The ±4.60-acre site includes approved architectural and civil plans, allowing a buyer to bypass the discretionary entitlement process and proceed directly to plan check and permitting.
The approved project consists of 64 units across eight two-story buildings utilizing efficient Type V-B construction. While the underlying zoning allows for 15–25 units per acre, the project was intentionally designed and approved at a lower density of 13.91 units per acre to accommodate larger unit sizes, enhanced parking, and a more livable site layout. The unit mix is comprised of 32 two-bedroom and 32 three-bedroom units, with an average unit size of approximately ±1,054 square feet.
The design includes 160 parking spaces, equating to a 2.5:1 parking ratio, which is above market for comparable developments in the area. This lower-density, larger-unit configuration positions the project to attract family-oriented and workforce tenants seeking a more residential living environment compared to traditional higher-density apartment product.
All discretionary approvals have been secured, and the project is positioned for immediate advancement into plan check and permitting. The remaining steps are ministerial in nature, providing a clear and efficient path toward construction.
Based on nearby comparable properties, market rents are currently averaging approximately $2,500+ for two-bedroom units and $2,800+ for three-bedroom units, supporting a strong leasing outlook upon completion.
Moreno Valley continues to experience significant population and employment growth, driven by major institutional employers including Kaiser Permanente, Riverside University Health System, and the World Logistics Center. The combination of strong job growth, limited housing supply, and high absorption rates continues to support new multifamily development in the area.
This offering provides a well-positioned, fully entitled development opportunity with reduced entitlement risk and a clear path to construction in one of Southern California’s fastest-growing submarkets.
The ±4.60-acre site includes approved architectural and civil plans, allowing a buyer to bypass the discretionary entitlement process and proceed directly to plan check and permitting.
The approved project consists of 64 units across eight two-story buildings utilizing efficient Type V-B construction. While the underlying zoning allows for 15–25 units per acre, the project was intentionally designed and approved at a lower density of 13.91 units per acre to accommodate larger unit sizes, enhanced parking, and a more livable site layout. The unit mix is comprised of 32 two-bedroom and 32 three-bedroom units, with an average unit size of approximately ±1,054 square feet.
The design includes 160 parking spaces, equating to a 2.5:1 parking ratio, which is above market for comparable developments in the area. This lower-density, larger-unit configuration positions the project to attract family-oriented and workforce tenants seeking a more residential living environment compared to traditional higher-density apartment product.
All discretionary approvals have been secured, and the project is positioned for immediate advancement into plan check and permitting. The remaining steps are ministerial in nature, providing a clear and efficient path toward construction.
Based on nearby comparable properties, market rents are currently averaging approximately $2,500+ for two-bedroom units and $2,800+ for three-bedroom units, supporting a strong leasing outlook upon completion.
Moreno Valley continues to experience significant population and employment growth, driven by major institutional employers including Kaiser Permanente, Riverside University Health System, and the World Logistics Center. The combination of strong job growth, limited housing supply, and high absorption rates continues to support new multifamily development in the area.
This offering provides a well-positioned, fully entitled development opportunity with reduced entitlement risk and a clear path to construction in one of Southern California’s fastest-growing submarkets.
Moreno Valley is a major city in the western portion of Riverside County, California, and a significant population center within the region known as the Inland Empire. The city encompasses a total area of approximately 51.5 square miles, primarily consisting of land, and sits at an average elevation of about 1,631 feet (497 meters).
The city is situated at a key geographic crossroad in Southern California. To its west is the neighboring city of Riverside, while to the south are the communities of Perris and the prominent Lake Perris State Recreation Area. The San Bernardino Mountains are to the north, and the San Jacinto Mountains rise to the south. One of the most recognizable local landmarks is Box Springs Mountain at the city’s northwest end, which features a large “M” visible from much of the valley. The eastern edge of the city is defined by a natural area known as the Badlands.
Moreno Valley experiences a mild semi-arid climate with Mediterranean characteristics, featuring hot, dry summers where temperatures frequently reach the high 90s, and cool, mild winter
The economy of Moreno Valley is one of the fastest-growing and most diversified in the Inland Empire, heavily centered on Logistics and Warehousing due to its prime location at the intersection of I-215 and SR-60. The city serves as a major hub for e-commerce and distribution, hosting large-scale fulfillment centers for numerous Fortune 500 and international companies including Amazon, Skechers USA, Harbor Freight Tools, and Procter & Gamble. This strategic advantage is further leveraged by the city’s designation as a Foreign Trade Zone, supporting a vast concentration of industrial activity and making the Transportation & Warehousing sector one of the largest employers for its residents.
A robust Healthcare industry forms the second major pillar of the economy, providing thousands of jobs through key facilities like the Riverside University Health System and Kaiser Permanente Community Hospital. While Retail Trade and Education (led by the Moreno Valley Unified School District) also contribute significantly to the job market, the city’s future growth strategy focuses on attracting and expanding higher-wage sectors. Moreno Valley is actively working to diversify its base by recruiting businesses in Advanced Manufacturing, Aerospace, and Green/Clean Technology, capitalizing on the presence of the March Air Reserve Base and available land to cultivate innovative, resilient, and sustainable economic clusters
Outdoor and recreational life in Moreno Valley is defined by its abundance of nearby natural assets. The most prominent destination is the adjacent Lake Perris State Recreation Area, which offers expansive opportunities for boating, fishing, swimming, camping, and miles of hiking and biking trails. For hikers and equestrians, Box Springs Mountain Reserve Park provides scenic, rugged trails and panoramic views of the entire valley. Within the city, residents utilize a vast network of multi-use trails, over 40 maintained parks, and facilities like the Rancho Del Sol Golf Club (formerly Moreno Valley Ranch Golf Club). The city also hosts major community events and maintains robust youth and adult sports leagues.
The city has excellent major freeway access, with the I-215 running north-south and the SR-60 cutting across east-west. This access is key, as well over 90% of commuters here drive.
For public transit, the Riverside Transit Agency (RTA) runs local buses. Regional commuters also use the Moreno Valley/March Field Metrolink Station, which offers a crucial rail connection on the 91/Perris Valley Line. Since the area is relatively flat, the city is actively working to make things easier for people who want to walk or bike by adding more bike lanes and sidewalks.
Riverside University Health Systems Medical Center (RUHS) is a 439-bed hospital that provides more than 60 hospital-based primary and specialty care clinics in Moreno Valley. RUHS also serves as the County’s only Level II Trauma Center, Primary Stroke Center, and is home to the only Pediatric Intensive Care Unit (PICU) in Riverside County. RUHS is underway with their visionary expansion plans, including opening the first of six 200,000 square foot medical office buildings.
The 101-bed Kaiser Permanente Medical Center features a 12-bed Emergency Department, and 14 labor and delivery room beds. With continued growth expected in this geographic region, Kaiser Permanente is under construction on their 1.125 million square foot master plan expansion, incorporating advanced technologies and environmentally friendly features.
The city is situated at a key geographic crossroad in Southern California. To its west is the neighboring city of Riverside, while to the south are the communities of Perris and the prominent Lake Perris State Recreation Area. The San Bernardino Mountains are to the north, and the San Jacinto Mountains rise to the south. One of the most recognizable local landmarks is Box Springs Mountain at the city’s northwest end, which features a large “M” visible from much of the valley. The eastern edge of the city is defined by a natural area known as the Badlands.
Moreno Valley experiences a mild semi-arid climate with Mediterranean characteristics, featuring hot, dry summers where temperatures frequently reach the high 90s, and cool, mild winter
The economy of Moreno Valley is one of the fastest-growing and most diversified in the Inland Empire, heavily centered on Logistics and Warehousing due to its prime location at the intersection of I-215 and SR-60. The city serves as a major hub for e-commerce and distribution, hosting large-scale fulfillment centers for numerous Fortune 500 and international companies including Amazon, Skechers USA, Harbor Freight Tools, and Procter & Gamble. This strategic advantage is further leveraged by the city’s designation as a Foreign Trade Zone, supporting a vast concentration of industrial activity and making the Transportation & Warehousing sector one of the largest employers for its residents.
A robust Healthcare industry forms the second major pillar of the economy, providing thousands of jobs through key facilities like the Riverside University Health System and Kaiser Permanente Community Hospital. While Retail Trade and Education (led by the Moreno Valley Unified School District) also contribute significantly to the job market, the city’s future growth strategy focuses on attracting and expanding higher-wage sectors. Moreno Valley is actively working to diversify its base by recruiting businesses in Advanced Manufacturing, Aerospace, and Green/Clean Technology, capitalizing on the presence of the March Air Reserve Base and available land to cultivate innovative, resilient, and sustainable economic clusters
Outdoor and recreational life in Moreno Valley is defined by its abundance of nearby natural assets. The most prominent destination is the adjacent Lake Perris State Recreation Area, which offers expansive opportunities for boating, fishing, swimming, camping, and miles of hiking and biking trails. For hikers and equestrians, Box Springs Mountain Reserve Park provides scenic, rugged trails and panoramic views of the entire valley. Within the city, residents utilize a vast network of multi-use trails, over 40 maintained parks, and facilities like the Rancho Del Sol Golf Club (formerly Moreno Valley Ranch Golf Club). The city also hosts major community events and maintains robust youth and adult sports leagues.
The city has excellent major freeway access, with the I-215 running north-south and the SR-60 cutting across east-west. This access is key, as well over 90% of commuters here drive.
For public transit, the Riverside Transit Agency (RTA) runs local buses. Regional commuters also use the Moreno Valley/March Field Metrolink Station, which offers a crucial rail connection on the 91/Perris Valley Line. Since the area is relatively flat, the city is actively working to make things easier for people who want to walk or bike by adding more bike lanes and sidewalks.
Riverside University Health Systems Medical Center (RUHS) is a 439-bed hospital that provides more than 60 hospital-based primary and specialty care clinics in Moreno Valley. RUHS also serves as the County’s only Level II Trauma Center, Primary Stroke Center, and is home to the only Pediatric Intensive Care Unit (PICU) in Riverside County. RUHS is underway with their visionary expansion plans, including opening the first of six 200,000 square foot medical office buildings.
The 101-bed Kaiser Permanente Medical Center features a 12-bed Emergency Department, and 14 labor and delivery room beds. With continued growth expected in this geographic region, Kaiser Permanente is under construction on their 1.125 million square foot master plan expansion, incorporating advanced technologies and environmentally friendly features.
Total Space Available
4.60 ac
Sale Price
$2,500,000
Amenity
Moreno Valley Mall
Retail
4.1 miles
8 min.
/drive
Place
UCR
University
8.5 miles
15 min.
/drive
Highway
60 Freeway
4 miles
8 min.
/drive
215 Freeway
4 miles
8 min.
/drive
Transit/Subway
Moreno Valley Metrolink Train Station (March AFB)
4.6 miles
8 min.
/drive
Airport
Ontario International Airport
26.8 miles
35 min.
/drive
Get in touch
Eric Chen
Lic: 01489184
Blake Torgerson
Lic: 01919955
Kevin Sin
Lic: 02020968