Description

Sunnymead Apartments is a very nice and well-maintained 15-unit apartment community located in the growing Riverside County (1,953,330 population), City of Moreno Valley. Built in the early 1980' s, the property is comprised of 3 single-story, wood-frame and stucco buildings with portions of wood siding and has pitched-composition shingle roofs and flat hot moped roofs.

The improvements are situated on a flat 39,600 SQFT parcel. Sunnymead Apartments is easily accessed off the Perris Street exit south from the 60 Freeway (approximately 2/3 of a mile), located just west of Perris Street on the north side of Eucalyptus Avenue.

Sunnymead Apartments consists of 15 two-bedroom with one bath units. Common area amenities include laundry facilities, open grass area in the back, and assigned parking space. All units come equipped with wall air conditioners, gas ranges and ovens.

The City of Moreno Valley (190,800 population) has continued its period of explosive economic growth. By 2010 Moreno Valley is expected to add an additional 16,000 people and create over 10,000 new jobs. Projects like: DHL' s decision to locate at March Air Reserve Base; Meridian, the new 1,000 acre business park being developed by Lennar Partners next to the 215 Freeway; and Canyon Crossing, with 144,00 square feet of Class A office and 778,000 square feet of retail are changing the landscape of Moreno Valley. Moreno Valley is also seeing strong pricing impulses from communities to the west, which is changing the type of housing being proposed by developers for Moreno Valley. As an example, Aqua Bella, which is proposed for the former UCR Property, is scheduled to be 650 acres with 100 acres of lakes and a 60,000 square foot clubhouse/spa.