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28170-28180 Jefferson Ave - Firenze Multi-Family Retail Development 3.58 Acres of Commercial Land Offered at $20,683,950 CAD in Temecula, CA 92590
INVESTMENT HIGHLIGHTS
- Fully entitled for Two buildings totaling a 238-keys multifamily + approx. 27,000 Retail space for restaurants, conference/event space, or gyms.
- Positioned for strong absorption post 2026 (Most new deliveries expected in 2024 and 2025)
- Located in Temecula’s iconic Wine Country, of the Uptown Temecula Specific Plans
EXECUTIVE SUMMARY
• Prime Uptown Temecula location in the heart of Wine Country and Uptown Temecula Specific Plan.
• Fully approved entitlements after a lengthy process – ready to pull permits immediately.
• Strong market fundamentals: population growth, accelerated
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER AC (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
| Price | $20,683,950 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 3.58 AC |
| Property Type | Land | ||
| Zoning | SP-14 - Uptown Temecula Specific Plan | ||
| Price | $20,683,950 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.58 AC |
| Zoning | SP-14 - Uptown Temecula Specific Plan |
1 LOT AVAILABLE
Lot
| Price | $20,683,950 CAD | Lot Size | 3.58 AC |
| Price Per AC | $5,777,633.09 CAD |
| Price | $20,683,950 CAD |
| Price Per AC | $5,777,633.09 CAD |
| Lot Size | 3.58 AC |
Shovel-Ready 238-Unit Multifamily + 27,000 SF Retail Stamp Approved, Fully Entitled, Shovel Ready APN: 921-060-058 Number of Buildings: 2 Number of Stories: 6-7 Gross Building Area: 541, 171 SF Number of Residential Units: 238 units Residential Space
DESCRIPTION
• Steady population growth, accelerated income with a large percentage of population ‘aging-up’ to the rental market. • Stable market conditions and growth projected in the subject’s submarket. • Proximity to employment, entertainment, and transit. • Most new deliveries expected in 2024 and 2025 and limited new inventory expected in 2026. Builder is positioned for absorption of new rental inventory from previous years.
PROPERTY TAXES
| Parcel Number | 921-060-058 | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $8,590,767 CAD (2025) | Total Assessment | $8,590,767 CAD (2025) |
PROPERTY TAXES
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28170-28180 Jefferson Ave - Firenze Multi-Family Retail Development
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