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New Chicago Ave - 6.22 Acre | 80 Unit | Development Site Lot • Résidentiel • 6,21 Acres • 3 169 986 $ CAD • Hemet, CA 92544

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Faits saillants de l'investissement

  • Fully Entitled Apartment Development Opportunity* | Winston Court is a ±6.22-acre in?ll development site for an 80-unit gated Apt Community
  • Strategic Location in a High-Growth Inland Empire Submarket | The site is located along Florida Avenue (State Route 74), a major arterial road
  • Attractive Opportunity in a Supply-Constrained Market | There are few active multifamily development opportunities in Hemet with full entitlements
  • Rental Market with Strong Demand Drivers | Hemet’s growing population, aging housing stock, and limited new apartment deliveries have created pent-up
  • Comprehensive Community Design with Modern Amenities | Approved plans include a leasing/recreational building, landscaped open space, private garages

Résumé de l'annonce

Mark Bridge at Matthews and C4 Commercial, as the exclusive listing agents, are pleased to present the opportunity to acquire Winston Court Apartment Homes, a fully entitled* ±6.22-acre multifamily development site in the growing Inland Empire city of Hemet, California. This project is entitled for 80 apartment units within a gated, garden-style community, providing a rare opportunity for development in a market with strong rental demand and limited new supply.
All entitlements have been secured, significantly reducing development risks and timelines. This offering includes the opportunity to secure the entitlements for site development, including an adopted comprehensive landscape plan, fencing plan, architectural plans, and elevation drawings.
Winston Court’s community plan includes a mix of thoughtfully designed 1-, 2-, and 3-bedroom floor plans distributed across multiple two-story buildings. The site also features a central recreational facility, landscaped open spaces, and private garages—offering residents comfort, convenience, and a strong sense of place.
Strategically located near retail corridors and major employers in the Hemet- San Jacinto Valley, the property benefits from direct access to Florida Avenue (State Route 74), connecting residents to nearby cities, regional employment hubs, and lifestyle amenities. Hemet is home to a growing population and a stable renter demographic, making Winston Court well-positioned to meet ongoing demand for quality rental housing.
With full entitlements ready to be transferred and site planning approvals, Winston Court represents a unique opportunity for multifamily developers to deliver much-needed housing in a market poised for long-term growth. The offering provides immediate entry into Riverside County’s underserved rental market with minimal upfront entitlement work.
*Buyer to negotiate terms for the transfer of entitlement rights with the current holder
Highlights:
Fully Entitled Apartment Development Opportunity | Winston Court is a ±6.22-acre in?ll development site being delivered fully entitled for an 80-unit gated apartment community. All planning approvals have been secured, including site plan, landscape design, building elevations, and recreational amenities—providing developers with a clear path to construction.
Underserved Rental Market with Strong Demand Drivers | Hemet’s growing population, aging housing stock, and limited new apartment deliveries have created strong pent-up demand for high-quality rental housing. Winston Court meets this need with a modern, amenity-rich community offering a mix of 1-, 2-, and 3-bedroom units in a secure, gated setting.
Strategic Location in a High-Growth Inland Empire Submarket | The site is located along Florida Avenue (State Route 74), a major arterial road with access to regional job centers in Riverside, Moreno Valley, and Temecula. Proximity to healthcare, education, and public transit makes the location ideal for a diverse tenant base, including professionals, students, and families.
Comprehensive Community Design with Modern Amenities | The approved plans include a leasing/recreational building, landscaped open space, and private garages—all contributing to long-term renter appeal and operational ef?ciency. The thoughtful site design re?ects a commitment to quality, community, and livability.
Attractive Opportunity in a Supply-Constrained Market | There are few active multifamily development opportunities in Hemet with full entitlements in place. Winston Court represents a rare chance to deliver much-needed housing in one of Southern California’s most competitively priced and fastest-growing submarkets.

Bilan financier (Pro forma - 2027)

Annuel (CAD) Annuel par AC (CAD)
Revenu de location brut 2 952 538 $ 475 448,95 $
Autres revenus 24 281 $ 3 909,94 $
Perte due à l’inoccupation 88 576 $ 14 263,47 $
Revenu brut effectif 2 888 243 $ 465 095,42 $
Taxes 50 416 $ 8 118,56 $
Dépenses d’exploitation 576 081 $ 92 766,63 $
Total des dépenses 626 497 $ 100 885,19 $
Revenu net d’exploitation 2 261 746 $ 364 210,23 $

Bilan financier (Pro forma - 2027)

Revenu de location brut (CAD)
Annuel 2 952 538 $
Annuel par AC 475 448,95 $
Autres revenus (CAD)
Annuel 24 281 $
Annuel par AC 3 909,94 $
Perte due à l’inoccupation (CAD)
Annuel 88 576 $
Annuel par AC 14 263,47 $
Revenu brut effectif (CAD)
Annuel 2 888 243 $
Annuel par AC 465 095,42 $
Taxes (CAD)
Annuel 50 416 $
Annuel par AC 8 118,56 $
Dépenses d’exploitation (CAD)
Annuel 576 081 $
Annuel par AC 92 766,63 $
Total des dépenses (CAD)
Annuel 626 497 $
Annuel par AC 100 885,19 $
Revenu net d’exploitation (CAD)
Annuel 2 261 746 $
Annuel par AC 364 210,23 $

Faits sur la propriété

Prix 3 169 986 $ CAD
Type de vente Investissement
Condition de vente Vente sur saisie
Nombre de lots 1
Type de propriété Terrain
Sous-type de propriété Résidentiel
Utilisation proposée
Multi-résidentiel
  • Unités d’appartements
Taille totale du lot 6,21 AC
Zonage R-3 High Density Resident - Résidentiel Multifamilial

1 Lot disponible

Lot

Prix 3 169 986 $ CAD
Prix par AC 510 464,65 $ CAD
Taille du lot 6,21 AC

6.22 Acre Multifamily Development Site | 80 Units | Fully Entitled* | Only $26.84/SF

Impôts fonciers

Impôts fonciers

Numéro de lot
549-090-036
Évaluation du terrain
933 976 $ CAD (2025)
Évaluation des bâtiments
0 $ CAD (2025)
Évaluation totale
933 976 $ CAD (2025)
Impôts annuels
50 416 $ CAD
Année d’imposition
2027
  • ID d’inscription: 39243215

  • Date de mise sur le marché: 2026-01-28

  • Dernière mise à jour:

  • Adresse: New Chicago Ave, Hemet, CA 92544

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