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14147 Darwin Drive
About This Property
• Prime 18.39 Acre Apartment Site
• 460 Unit Apartment Development Currently Being Entitled
• Favorable Downtown Center (DC) Zoning Allows for No Limits on Density
• DC Zoning Establishes a Flexible Environment for Creative/ Transformative Projects
• Down the Street from Future Town Center at Moreno Valley - A Mixed-Use Project with up to 800 Homes and 220,000 SF of Commercial Uses
• City of Moreno Valley Job Creation Exceeding 30,000 Over the Past 10 Years
• Nearby World Logistics Center (WLC), a 40.6 Million Square Foot Project That Will Provide a $2 Billion Annual Economic Benefit to the City
• An Additional 20,000 New Jobs Coming From the Recently Approved WLC Project That Is Scheduled to Break Ground in Winter of 2024
• Close Proximity to the Riverside University Health System Medical Center, a Hospital That Employs 6,000 Workers and Has an Economic Impact of $1.6 Billion
• Nearby the New Kaiser Medical Center Project, an Expansion Plan That Will Add 1,125,000 Square Feet of Medical Services and Create 4,000 New Jobs in the City
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 27, 2026 | Listed by DIVERSIFIED REALTY INC. | $20,075,000 | |
| Listed by DIVERSIFIED REALTY INC. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017