Property listed by Pacific Sotheby's Int'l Realty, Chris Lee, 949-554-1200.
$1,800,000
**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… Read More 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 Read Less
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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