$15,000,000
●
Land -
For Sale
28170 Jefferson Avenue
Temecula, CA 92590
Studio
0 Bath
$73,653
Est. Monthly
About This Property
Attention: This is a shovel-ready Multifamily Development
Opportunity for a 238 keys + Retail Project in one of California's
high growth mid-level markets to meet the demands of young
professionals rising up quickly in the rental market. Targeting
large scale developers ready to build as the rates are decreasing!
•. Located in Temecula Wine Country in the SP-14 Uptown Specific Plans
• Fully entitled for Two buildings totaling a 238-keys multifamily + approx. 27,000 Retail space for restaurants, conference/event space, or gyms.
• Area is endowed with Steady population growth, accelerated income with a large percentage of population 'aging-up' to the rental market.
• All entitlements secured after a highly lengthy process
• Positioned for strong absorption post 2026
• Flat topography
• Excellent Frontage and Close to famed Old Town Temecula
•. Located in Temecula Wine Country in the SP-14 Uptown Specific Plans
• Fully entitled for Two buildings totaling a 238-keys multifamily + approx. 27,000 Retail space for restaurants, conference/event space, or gyms.
• Area is endowed with Steady population growth, accelerated income with a large percentage of population 'aging-up' to the rental market.
• All entitlements secured after a highly lengthy process
• Positioned for strong absorption post 2026
• Flat topography
• Excellent Frontage and Close to famed Old Town Temecula
Unit Size
-
Days on Market
265 days
Land Size
3.58 acres
Price per sqft
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Property Type
Land
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (CRMLS #OC26018960)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 16, 2026 | Listed by Pacific Sotheby's Int'l Realty | $15,000,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
Property Highlights
Exterior Details
Lot Features: Level
Lot Size Area: 3.58
Lot Size Units: Acres
Lot Size Acres: 3.58
Lot Size Square Feet: 155944.8
Water Source: None
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HOA + Taxes
About Temecula
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Listed by: Chris Lee, Pacific Sotheby's Int'l Realty
Last Updated: 3 months ago
Data Source: CRMLS, MLS# OC26018960
Last Updated: 3 months ago
Data Source: CRMLS, MLS# OC26018960
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