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Listed by Chris Hsuan-Chu Lee • Pacific Sotheby's Int'l Realty
$1,800,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC-26017069
Property Sub-Type Multi Family
Source California Regional Multiple Listing Service (CRMLS)
Property Description
**Land Development with Entitled Plans for a Multifamily!!**
**RTI April 2026
**Offered as an entitled development opportunity ideal for experienced multifamily developers
Approved for 50% density bonus allowing 9 units extra.
Low income component for 3 units
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
**RTI April 2026
**Offered as an entitled development opportunity ideal for experienced multifamily developers
Approved for 50% density bonus allowing 9 units extra.
Low income component for 3 units
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
Location
State CA
County Riverside
Interior
Heating Central
Laundry None
Building
Lot Description Lot 20000-39999 Sqft, 26-30 Units/Acre, 31-35 Units/Acre
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Naghmeh Keyvani
Broker Associate License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823