25843 Alessandro Boulevard
Moreno Valley, CA 92553 Moreno Valley West

Property Website: https://flamingo-bay-apartments.com/
Introducing Flamingo Bay Apartments, a fully entitled 96-unit multifamily development site located at 25817–25843 Alessandro Blvd, Moreno Valley, CA. This prime 3.86-acre property is strategically positioned within a thriving market, featuring a median household income of $109,000, strong population growth, and high market absorption. 

The project includes a well-planned mix of 48 one-bedroom and 48 two-bedroom units, with an average unit size of 887 SF. The site is designed to offer modern amenities and a clubhouse, enhancing the living experience for future residents.

With an asking price of $2,700,000, the investment presents a compelling opportunity with a projected stabilized NOI of $2,079,010 and a yield on cost of 6.36%. The property benefits from fully vested entitlements, a favorable market environment, and a robust demand for rental housing.

This is an exceptional opportunity for qualified developers and investors to capitalize on the growing Inland Empire market. For more information, please contact James Walters at (949) 274-3526 or jwalters@fairbrookcommunities.com. CA DRE #02071589