**Land Development with Entitled Plans for a Multifamily!!** **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
Details
MLS #
OC26008557
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Days On Site
224
Listing Provided By
Pacific Sotheby's Int'l Realty | Chris Lee
Features
Zoning
RR
Acreage
0.46
Property View
None
Exterior
Lot Features
Twenty One To Twenty Five Units Acre, Twenty Six To Thirty Units Acre, Thirty One To Thirty Five Units Acre
Location
Community Features
Urban
Area Information
State
CA
County
Riverside
City
Temecula
Zip Code
92590
Area
699 Not Defined
Listing VS Median (in 92590)
Price: $1,800,000
low | high
Med: $1,699,500
55.583333333333% of Average
On site: 224
low | high
Med: 44.5
100% of Average
Sourced by Back At You
Market Activity 92590
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Jul 2026
Sales: 1
Avg $ Per SqFt: $
Min Sale Price: $180,000
Max Sale Price: $180,000
Med Sale Price: $180,000
Date: Jun 2026
Sales: 2
Avg $ Per SqFt: $363.62
Min Sale Price: $1,015,000
Max Sale Price: $2,249,000
Med Sale Price: $1,632,000
Date: May 2026
Sales: 2
Avg $ Per SqFt: $413.99
Min Sale Price: $1,718,750
Max Sale Price: $1,919,000
Med Sale Price: $1,818,875
Date: Apr 2026
Sales: 2
Avg $ Per SqFt: $434.23
Min Sale Price: $1,200,000
Max Sale Price: $2,469,000
Med Sale Price: $1,834,500
Date: Mar 2026
Sales: 2
Avg $ Per SqFt: $583.13
Min Sale Price: $450,000
Max Sale Price: $2,350,000
Med Sale Price: $1,400,000
Date: Feb 2026
Sales: 4
Avg $ Per SqFt: $361.51
Min Sale Price: $365,000
Max Sale Price: $2,055,555
Med Sale Price: $1,271,250
Date: Jan 2026
Sales: 10
Avg $ Per SqFt: $443.13
Min Sale Price: $265,000
Max Sale Price: $1,849,000
Med Sale Price: $1,260,000
Date: Dec 2025
Sales: 1
Avg $ Per SqFt: $
Min Sale Price: $236,500
Max Sale Price: $236,500
Med Sale Price: $236,500
Date: Nov 2025
Sales: 1
Avg $ Per SqFt: $
Min Sale Price: $284,900
Max Sale Price: $284,900
Med Sale Price: $284,900
Date: Oct 2025
Sales: 4
Avg $ Per SqFt: $
Min Sale Price: $135,000
Max Sale Price: $437,000
Med Sale Price: $327,500
Date: Sep 2025
Sales: 3
Avg $ Per SqFt: $477.31
Min Sale Price: $300,000
Max Sale Price: $2,575,200
Med Sale Price: $1,147,000
Sourced by Back At You
Jul 2026
Sales:
1
Avg $ Per SqFt:
$
Min Sale Price:
$180,000
Max Sale Price:
$180,000
Med Sale Price:
$180,000
Jun 2026
Sales:
2
Avg $ Per SqFt:
$363.62
Min Sale Price:
$1,015,000
Max Sale Price:
$2,249,000
Med Sale Price:
$1,632,000
May 2026
Sales:
2
Avg $ Per SqFt:
$413.99
Min Sale Price:
$1,718,750
Max Sale Price:
$1,919,000
Med Sale Price:
$1,818,875
Apr 2026
Sales:
2
Avg $ Per SqFt:
$434.23
Min Sale Price:
$1,200,000
Max Sale Price:
$2,469,000
Med Sale Price:
$1,834,500
Mar 2026
Sales:
2
Avg $ Per SqFt:
$583.13
Min Sale Price:
$450,000
Max Sale Price:
$2,350,000
Med Sale Price:
$1,400,000
Feb 2026
Sales:
4
Avg $ Per SqFt:
$361.51
Min Sale Price:
$365,000
Max Sale Price:
$2,055,555
Med Sale Price:
$1,271,250
Jan 2026
Sales:
10
Avg $ Per SqFt:
$443.13
Min Sale Price:
$265,000
Max Sale Price:
$1,849,000
Med Sale Price:
$1,260,000
Dec 2025
Sales:
1
Avg $ Per SqFt:
$
Min Sale Price:
$236,500
Max Sale Price:
$236,500
Med Sale Price:
$236,500
Nov 2025
Sales:
1
Avg $ Per SqFt:
$
Min Sale Price:
$284,900
Max Sale Price:
$284,900
Med Sale Price:
$284,900
Oct 2025
Sales:
4
Avg $ Per SqFt:
$
Min Sale Price:
$135,000
Max Sale Price:
$437,000
Med Sale Price:
$327,500
Sep 2025
Sales:
3
Avg $ Per SqFt:
$477.31
Min Sale Price:
$300,000
Max Sale Price:
$2,575,200
Med Sale Price:
$1,147,000
MLS#: OC26008557 Listed By: Chris Lee - Pacific Sotheby's Int'l Realty - 9495541200- valarie.swanson@pacificsir.com
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MLS#: OC26008557 Listed By: Chris Lee - Pacific Sotheby's Int'l Realty - 9495541200- valarie.swanson@pacificsir.com
