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New Chicago Ave - 6.22 Acre | 80 Unit | Development Site Lot • Résidentiel • 6,21 Acres • 3 336 765 $ 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.
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 |
3 107 877 $
|
500 463,28 $
|
| Autres revenus |
25 558 $
|
4 115,65 $
|
| Perte due à l’inoccupation |
93 236 $
|
15 013,90 $
|
| Revenu brut effectif |
3 040 199 $
|
489 565,04 $
|
| Taxes |
53 069 $
|
8 545,69 $
|
| Dépenses d’exploitation |
606 390 $
|
97 647,27 $
|
| Total des dépenses |
659 458 $
|
106 192,97 $
|
| Revenu net d’exploitation |
2 380 741 $
|
383 372,07 $
|
Bilan financier (Pro forma - 2027)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 3 107 877 $ |
| Annuel par AC | 500 463,28 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | 25 558 $ |
| Annuel par AC | 4 115,65 $ |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | 93 236 $ |
| Annuel par AC | 15 013,90 $ |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 3 040 199 $ |
| Annuel par AC | 489 565,04 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 53 069 $ |
| Annuel par AC | 8 545,69 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 606 390 $ |
| Annuel par AC | 97 647,27 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 659 458 $ |
| Annuel par AC | 106 192,97 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 2 380 741 $ |
| Annuel par AC | 383 372,07 $ |
Faits sur la propriété
1 Lot disponible
Lot
| Prix | 3 336 765 $ CAD | Taille du lot | 6,21 AC |
| Prix par AC | 537 321,23 $ CAD |
| Prix | 3 336 765 $ CAD |
| Prix par AC | 537 321,23 $ CAD |
| Taille du lot | 6,21 AC |
6.22 Acre Multifamily Development Site | 80 Units | Fully Entitled* | Only $26.84/SF
Assez accessible à pied
40/100
Très bien adapté aux voitures
80/100
Transports en commun limités
30/100
Relativement accessible en vélo
30/100
Impôts fonciers
| Numéro de lot | 549-090-036 | Évaluation totale | 963 740 $ CAD (2025) |
| Évaluation du terrain | 963 740 $ CAD (2025) | Impôts annuels | 53 069 $ CAD |
| Évaluation des bâtiments | 0 $ CAD (2025) | Année d’imposition | 2027 |
Impôts fonciers
Numéro de lot
549-090-036
Évaluation du terrain
963 740 $ CAD (2025)
Évaluation des bâtiments
0 $ CAD (2025)
Évaluation totale
963 740 $ CAD (2025)
Impôts annuels
53 069 $ CAD
Année d’imposition
2027
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New Chicago Ave - 6.22 Acre | 80 Unit | Development Site
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