Opportunity to build a Multifamily Development in Temecula, CA
Project is on Entitled Land and is near shovel ready. Once a historical homesite, the seller underwent extensive procedure to relocate the historical home and application to rezone and entitle this property. Approved and entitled plans will come with the sale of the property.
* A Mid-level Multi-Family Development in Temecula, CA
* Entitled for 28 units (2 are ADU's, this is a 50% increase in density!)
* Affordable Housing Component
* Prime Location, corridor to residential community
* Annual Rent near $750,000
* Take advantage of 100% Bonus Depreciation
Prime corridor to residential communities with upside to fulfill the need for the large "aging-up" rental demographic!
Most pipelines and new deliveries are completed by 2025, so there very limited new construction and housing inventory starting 2026. Thus, a medium size project can quickly be absorbed into the strong demand. Temecula benefits from the proximity to the Inland Empire Logistics and San Diego Biotech employment, as well as to retail, winery tourism, wedding events, healthcare, equestrian, and entertainment.