Potential Tax Credits - Affordable Housing or SRO Conversion Opportunity

For Sale

23090 Sunnymead Blvd, Moreno Valley, CA 92553

This Moreno Valley property for sale is located at 23090 Sunnymead Blvd. The current listed sale price for Potential Tax Credits - Affordable Housing or SRO Conversion Opportunity is $10,850,000. Potential Tax Credits - Affordable Housing or SRO Conversion Opportunity is situated on a lot that is 1.36 acre in size.

Contacts

Luis Vazquez

Sperry Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 29,669 SF
  • Units 62
  • Lot Size 1.36 Acre
  • Year Built 2009
  • Date Updated May 4, 2026
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.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.
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Highlights

  • 10-Year Ownership Tax Credit Potential!
  • Amenities include Kitchen, Dining Area, Indoor Pool, 11 Suites, Lobby Area, Meeting Room (approximately 750 Square Feet), and Gymnasium
  • Proper Zoning for Conversion to Permanent Housing!
  • Seller Familiar with the Conversion Process!
  • Well-Maintained and Located Property Built in 2009

Attachments

Getting around

  • 61/100

    Walk Score ®

  • 39/100

    Transit Score ®

  • 46/100

    Bike Score ®

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Location

  • City Moreno Valley, CA
  • Zip Code 92553
  • Market Inland Empire

Points of Interest

  • Moreno Valley/March Field

    2.48 miles

  • Riverside–Hunter Park/UCR

    5.92 miles

  • Redlands–Esri

    9.07 miles

  • San Bernardino–Tippecanoe

    9.26 miles

  • Redlands–Downtown

    9.33 miles

  • Redlands–University

    9.84 miles

  • Shell

    0.04 miles

  • 7-Eleven

    0.09 miles

  • Costco Gasoline

    1.05 miles

  • Arco

    1.14 miles

  • Riverside - Canyon Springs Parkway Supercharger

    1.32 miles

  • Thrifty

    1.54 miles

  • Sam's Club

    1.68 miles

  • Valero

    1.93 miles

  • Chevron

    2.10 miles

  • 76

    2.12 miles

  • Pigeon Pass Park And Ride

    0.22 miles

  • Towngate / Moreno Valley Mall Park And Ride

    0.43 miles

  • Box Springs Mountain Reserve Parking

    3.35 miles

  • Columbarium A Committal Parking

    4.00 miles

  • Staff Parking

    4.16 miles

  • Botanic Gardens Parking

    4.17 miles

  • Visitor Parking

    4.22 miles

  • Lot 13

    4.23 miles

  • Lot 9

    4.24 miles

  • Lot 14

    4.25 miles

  • La Quinta Inn & Suites Moreno Valley

    0.00 miles

  • MainStay Suites

    0.02 miles

  • Comfort Inn Moreno Valley Near March Air Reserve Base

    0.31 miles

  • Hampton Inn & Suites

    0.87 miles

  • Fairfield Inn & Suites Riverside Moreno Valley

    1.07 miles

  • Residence Inn Riverside Moreno Valley

    1.13 miles

  • Holiday Inn Express & Suites Moreno Valley - Riverside

    1.14 miles

  • Econo Lodge Moreno Valley

    1.30 miles

  • Hotel XOLA Trademark Collection by Wyndham

    1.56 miles

  • Motel 6 Moreno Valley, CA - Perris

    1.67 miles

  • Big Lots

    0.49 miles

  • Sears

    0.60 miles

  • Stater Bros. Markets

    0.61 miles

  • Moreno Valley Mall

    0.65 miles

  • JCPenney

    0.74 miles

  • Superior

    0.75 miles

  • Macy's

    0.80 miles

  • WinCo Foods

    0.97 miles

  • Sprouts Farmers Market

    0.98 miles

  • ALDI

    0.98 miles

Contact Listing Broker
Luis Vazquez

Sperry Commercial

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