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$1,800,000
●
Land -
For Sale
28717 Pujol
Temecula, CA 92590
Studio
0 Bath
$8,839
Est. Monthly
About This Property
**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
**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
Unit Size
-
Days on Market
270 days
Land Size
0.46 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1890
Listed By
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Cap Rate
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 #OC26008557)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 3, 2025 | Listed by Pacific Sotheby's Int'l Realty | $1,800,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
| May 5, 2023 | No longer available | - | |
| No longer available | |||
| Mar 15, 2023 | Listed by Realty Masters & Associates | $799,900 | |
| Listed by Realty Masters & Associates | |||
| | |||
|
Value is in the land, plans drawn and site plan submitted to the city for 10 unit apartment complex. Located in old town Temecula just past Main St close to all the restaurants, down town festivities and night life. The manager has listed the unit size as 998 square feet.
| |||
Property Highlights
Exterior Details
Lot Features: TwentyOneToTwentyFiveUnitsAcre, TwentySixToThirtyUnitsAcre, ThirtyOneToThirtyFiveUnitsAcre
Lot Size Area: 20160
Lot Size Units: Square Feet
Lot Size Acres: 0.4628
Lot Size Square Feet: 20160
Tax Lot: 8
Water Source: Public
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Old Town Temecula
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Listed by: Chris Lee, Pacific Sotheby's Int'l Realty
Last Updated: 3 months ago
Data Source: CRMLS, MLS# OC26008557
Last Updated: 3 months ago
Data Source: CRMLS, MLS# OC26008557
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