UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26017069
HOA Y/N No
Lot Size 20160.000 Acres
Property Sub-Type Multi Family
Property Description
*Perfect Timing as the rates come down with nearly no new developments in the pipeline.
*Approved plans for a 28-unit apartment project consisting of 26 units plus 2 ADUs
*Zoned SP-5 (Old Town Temecula Specific Plans) for residential development at a high density of 20-35 dwelling units per acre.
*Site size of approximately 20,160 SF with ~20,475 SF of rentable residential area
*Unit mix includes studios, one-, two-, and three-bedroom residences
*All entitlements in place, including zoning approval, parcel merger, site plan approval, and approved historic home relocation
*Located within walking distance to Old Town dining, retail, and entertainment
*Strong rental demand supported by population and income growth
*Limited new multifamily supply anticipated beyond 2025
*Convenient access to I-15, Inland Empire, and San Diego employment corridors
*Offered as an entitled development opportunity ideal for experienced multifamily developers
Location
State CA
County Riverside
Area 699 - Not Defined
Interior
Heating Central
Fireplace No
Laundry None
Exterior
Utilities Available Water Not Available
Present Use Unimproved
Building
Lot Description 26-30 Units/Acre, 31-35 Units/Acre
Story 3
Water Public, None
Others
Tax ID 922062008
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Nearby Locations
- 8
Temecula Luiseno Elementary School
Public | KG - 5
- 8
Rancho Elementary School
Public | KG - 5
- 8
Paloma Elementary School
Public | KG - 6
- 6
Nicolas Valley Elementary School
Public | KG - 5
- 5
River Springs Charter
Public | KG - 12
- 5
Temecula Elementary School
Public | KG - 5
- 5
Vail Elementary School
Public | KG - 5
- 0
Big Springs Center & School
Private | 1 - 8
- 0
Mosaica Online Academy of Southern California
Public | KG - 12
- 0
Temecula Montessori
Private | PK - 2
- 0
Kindercare Learning Center
Private | PK - TKG
- 0
Abc Childcare Center
Private | PK - TKG
- 0
Hillcrest Academy
Private | KG - 8
- 0
Temecula Christian School
Private | KG - 8
- 0
Rancho Christian School
Private | KG - 12
- 0
Linfield Christian School
Private | KG - 12
- 9
Erle Stanley Gardner Middle School
Public | 6 - 8
- 8
James L. Day Middle School
Public | 6 - 8
- 7
Margarita Middle School
Public | 6 - 8
- 10
Temecula Valley High School
Public | 9 - 12
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