Altitude Apartments

The Mogharebi Group is pleased to present the opportunity to acquire Altitude Apartments, a 49 unit multifamily community located at 21620 Dracaea Avenue in Moreno Valley, California. The property is situated on a 3.36 acre lot which, when paired with the total number of planned units, creates a desirably low density product at 14.6 units per acre. Slated for completion before years end, this brand new asset benefits from an appealing mix of one- and two-bedroom floorplans which, when completed, will comprise of both traditional apartment units as well as larger townhomes. These units, built with luxury in mind, will feature many of the high quality finishes that are to be expected from a brand new asset, most notably quartz countertops, modern plank flooring, and state-of-the-art appliances. Additionally, housed within the community’s secured access gates are a variety of resort style amenities, these include a business center, a clubhouse, a fitness center, a large lap pool with a spa, and even designated EV charging stations. Luxury unit amenities, resort style community amenities, and a highly commutable location all combine to create a favorable environment that is expected to attract the areas highest quality tenant base.