Potential Tax Credit - Assisted Living/Permanent or Affordable Living/Convalescent Home Conversion Opportunity

Investment Overview

POTENTIAL TAX CREDITS - OWNED FOR MORE THAN 10 YEARS BY SELLER - Zoning allows Assisted Living/Convalescent as well as Permanent Housing Currently an operating La Quinta Inn, the property is a Potential Conversion of the Existing Hotel to Permanent Housing or Assisted Living/Convalescent Housing per the City of Moreno Valley Planning Department Built in 2009 and situated on an approximate 1.36-acre concrete lot, the Property is comprised of 62 rooms and is three-story, with Interior Corridors. The Building is approximately 29669 square feet of construction with Concrete Parking

Investment Highlights

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