Isla Verde - 24939 Cactus Ave, Moreno Valley, CA 92553

Moreno Valley is a city located in Riverside County and is part of the San Bernardino-Riverside Metro Area. The area has been experiencing rapid growth from the 1980s to the early 2000s, becoming the second-largest city in Riverside County by population, 205,499 in 2016, and one of the Inland Empire’s population centers. Though it is still a relatively young City, the 2600 acre, $3 billion World Logistics Center is about to put Moreno Valley on the map, bringing thousands of jobs for years to come. Isla Verde is located minutes from this rapidly developing industrial center near the former March Airforce Base and the 215 Freeway, making the commuting distance to work centers to the north, south, and west very accessible. The property is also a short distance to Perris Lake and Diamond Valley Lake, where friends & family typically gather to enjoy the beautiful California landscape. Moreno Valley is blessed with gorgeous outdoor attractions in this part of California, such as stunning lakes, mountains, and hiking & biking trails. Moreno Valley also as a rugged terrain filled indigenous wildlife and green spaces. Isla Verde is a 121 Home Build For Rent (BFR) Single Family Rental Investment Portfolio in Moreno Valley, CA. Timing for an investor couldn’t be more ideal to take advantage of the Isla Verde 121 Home Build For Rent community, as the World Logistics Center, a 40.6-million-square foot warehouse complex on its 2600 acre campus is to be being developed only 8 miles from the Isla Verde subdivision. This $3 billion next-generation, high-tech distribution hub for major global corporations will bring thousands of more jobs to Moreno Valley, attract the world’s leading companies, and provide nearly $2.5 billion a year in economic benefit to the City of Moreno Valley and the region as a whole. Moreno Valley has already experienced some impressive job growth in the last few years, adding 14,000 new jobs with the likes of Amazon, Aldi, Karma Automotive, and Proctor & Gamble setting up shop in town. The World Logistics Center will add another 13,000 construction jobs over the next 15 years and 20,000 permanent jobs at a variety of skill levels from entry level to management, ensuring the sustainability & viability of Moreno Valley and the investment in Isla Verde’s 121 Home Build For Rent Single Family community. Isla Verde offers multiple floor plans ranging from 1462/SF – 2696/SF and almost no capital expenditures for several years after occupancy. The vision for this project shows the developer’s passion, as Isla Verde incorporates Spanish Traditional, Tuscan, French Cottage architectural designs accompanied with concrete flat tile roofs, stucco finishes vinyl windows with foam trims, decorative shutters, and sectional garage doors. This BFR investment opportunity offers spacious 1 & 2-story homes with 3, 4, & 5 bedroom homes and two car garages. Rental rates for stabilized year 1 have been conservatively modeled between $1696 - $2426 per month for these beautiful homes. Pre-Leasing can begin once homes are under construction and builder reaches certificate of occupancy. The first phase of homes should be delivered in Q2 of 2018, buyer can close escrow and move tenants in asap creating an immediate cash flow and return on your investment from day one! Stabilized Year I Cap Rate of 6.55% & Year I Leveraged IRR of 32.85% has conservatively been modeled given market rents in the area. An investor should realize significant capital growth in the next few years given the employment & population growth expected with the World Logistics Center’s campus development here in Moreno Valley.