20,160 Acres Lot
20,160 Acres Lot
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
**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
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
Virtual Tour https://www.youtube.com/watch?v=aVLwDf11Me0
Nearby Locations
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