(949) 789-4555
Villa Verona Apartments
Villa Verona
City of Perris
THE OPPORTUNITY
Villa Verona is a nicely located gated apartment project on the west side of interstate 215 with easy access. This project is located in an opportunity zone. Villa Verona Apartments provides a unique opportunity to develop a high-quality project in the extremely low vacancy of Perris CA. Fully approved and entitled project for 360 units. The project consists of two and three story construction nicely located in the city of Perris. Excellent access to freeways, jobs and services.
PROPERTY HIGHLIGHTS
- Prime location with convenient access to the 215 freeway.
- Tight Submarket - Multi-family vacancy rate of less than 5% on competing projects in the immediate area.
- Excellent proximity to numerous shopping, dining, entertainment and other lifestyle amenities.
- Entitled development project.
- The project is designed with two and three story garden walk up product accompanied by deck or patio spaces.
- 6% year over year rental rate growth in SW Riverside County
- Project approved with numerous onsite amenities such as enhanced clubhouse with pool, kids pool and spa, basketball court, volleyball court and tot lots.
