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$1,800,000
Est. payment /mo
20,160 Acres Lot
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
**Land Development with Entitled Plans for a Multifamily!!**
*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
*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
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Listed by Chris Lee Pacific Sotheby's Int'l Realty
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