0.46 Acres Lot
0.46 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26008557
HOA Y/N No
Lot Size 0.463 Acres
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
Zoning RR
Interior
Fireplace No
Exterior
Community Features Urban
View Y/N No
View None
Present Use Residential,Single Family
Building
Lot Description 21-25 Units/Acre, 26-30 Units/Acre, 31-35 Units/Acre
Water Public
New Construction No
Others
Senior Community No
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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