New Chicago Ave - Residential LAND FOR SALE


Hemet, CA 92544- Outer San Jacinto270,508 SF
$2,350,000 USD
949-681-8388
New Chicago Ave, Hemet, CA for Sale
$2,350,000 USD
Residential LAND - FOR SALE
1/12
270,508 SF

New Chicago Ave
Hemet, CA 92544
Outer San Jacinto


HIGHLIGHTS

  • Fully Entitled Apartment Development Opportunity* | Winston Court is a ±6.22-acre in?ll development site for an 80-unit gated Apt Community
  • Rental Market with Strong Demand Drivers | Hemet’s growing population, aging housing stock, and limited new apartment deliveries have created pent-up
  • Strategic Location in a High-Growth Inland Empire Submarket | The site is located along Florida Avenue (State Route 74), a major arterial road
  • Comprehensive Community Design with Modern Amenities | Approved plans include a leasing/recreational building, landscaped open space, private garages
  • Attractive Opportunity in a Supply-Constrained Market | There are few active multifamily development opportunities in Hemet with full entitlements

OVERVIEW

Mark Bridge at Matthews and C4 Commercial, as the exclusive listing agents, are pleased to present the opportunity to acquire Winston Court Apartment Homes, a fully entitled* ±6.22-acre multifamily development site in the growing Inland Empire city of Hemet, California. This project is entitled for 80 apartment units within a gated, garden-style community, providing a rare opportunity for development in a market with strong rental demand and limited new supply. All entitlements have been secured, significantly reducing development risks and timelines. This offering includes the opportunity to secure the entitlements for site development, including an adopted comprehensive landscape plan, fencing plan, architectural plans, and elevation drawings. Winston Court’s community plan includes a mix of thoughtfully designed 1-, 2-, and 3-bedroom floor plans distributed across multiple two-story buildings. The site also features a central recreational facility, landscaped open spaces, and private garages—offering residents comfort, convenience, and a strong sense of place. Strategically located near retail corridors and major employers in the Hemet- San Jacinto Valley, the property benefits from direct access to Florida Avenue (State Route 74), connecting residents to nearby cities, regional employment hubs, and lifestyle amenities. Hemet is home to a growing population and a stable renter demographic, making Winston Court well-positioned to meet ongoing demand for quality rental housing. With full entitlements ready to be transferred and site planning approvals, Winston Court represents a unique opportunity for multifamily developers to deliver much-needed housing in a market poised for long-term growth. The offering provides immediate entry into Riverside County’s underserved rental market with minimal upfront entitlement work. *Buyer to negotiate terms for the transfer of entitlement rights with the current holder Highlights: Fully Entitled Apartment Development Opportunity | Winston Court is a ±6.22-acre in?ll development site being delivered fully entitled for an 80-unit gated apartment community. All planning approvals have been secured, including site plan, landscape design, building elevations, and recreational amenities—providing developers with a clear path to construction. Underserved Rental Market with Strong Demand Drivers | Hemet’s growing population, aging housing stock, and limited new apartment deliveries have created strong pent-up demand for high-quality rental housing. Winston Court meets this need with a modern, amenity-rich community offering a mix of 1-, 2-, and 3-bedroom units in a secure, gated setting. Strategic Location in a High-Growth Inland Empire Submarket | The site is located along Florida Avenue (State Route 74), a major arterial road with access to regional job centers in Riverside, Moreno Valley, and Temecula. Proximity to healthcare, education, and public transit makes the location ideal for a diverse tenant base, including professionals, students, and families. Comprehensive Community Design with Modern Amenities | The approved plans include a leasing/recreational building, landscaped open space, and private garages—all contributing to long-term renter appeal and operational ef?ciency. The thoughtful site design re?ects a commitment to quality, community, and livability. Attractive Opportunity in a Supply-Constrained Market | There are few active multifamily development opportunities in Hemet with full entitlements in place. Winston Court represents a rare chance to deliver much-needed housing in one of Southern California’s most competitively priced and fastest-growing submarkets.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/ACRE

$378,421/AC

PRICE/SF

$9 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

6.22 Acre | 80 Unit | Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

6.21 AC

LAND SF

270,508 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

R-3 High Density Resident

APN/PARCEL ID

549-090-036

ASK ABOUT THIS PROPERTY

Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

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Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.