**Land Development with Entitled Plans for a Multifamily!!**
*Perfect Timing as the rates come down with nearly no new developments in the pipeline.
*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
*Offered as an entitled development opportunity ideal for experienced multifamily developers
