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29548768
29548769

28180 Jefferson, Temecula, CA 92590

AS
CA 01319910, CA 01319910
Pacific Sotheby's International Realty
CL
CA 02107257
Pacific Sotheby's International Realty
CL
02107257
Berkshire Hathaway HomeService
Listed by Pacific Sotheby's International Realty, Berkshire Hathaway HomeService
$15,000,000
148 days on market
Updated 92 days ago

28180 Jefferson

Details
APN 921060058
Property Type Land
Sub Type Lots/Land
Square Footage 155,944
Net Rentable (SqFt) 244,061
Units 238
Cap Rate 5.17%
Pro-Forma Cap Rate 5.25%
Pro-Forma NOI $9,583,933
Broker Co-Op Yes
Class A
Buildings 2
Stories 7
Acreage 3.580
Zoning SP-14 Uptown Temecula Specific Plans
Parking Spaces 519 spaces
Parking Per SqFt 3.33
Investment Type Redevelopment

Stamp Approved Large Size Multifamily + Retail in Prime High Growth Location

Marketing description

Temecula Multi-family Development Opportunity for 233 Keys Status: Stamp Approved, Fully Entitled, Shovel Ready This is a rare shovel-ready project in one of Californias high-growth mid-level markets, ideally positioned to meet the demands of young professionals and lifestyle renters. Highlights: 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 incomes, large percentage of residents 'aging-up' into rental market. Two-building design totaling 238 Class-A units plus ~27,000 SF retail/restaurant/event space. Positioned for strong absorption post 2026. Rare opportunity in one of Californias fastest-growing lifestyle-driven markets.

Investment highlights

  • Residential occupancy is expected to increase to near 97% from 2025 onward

  • Residential Rental yields expected to increase 3% from 2025 onward

  • Retail market held steady at 96% with expected increase of 1-2% over the next five years

  • 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.

  • Two-building design totaling 238 Class-A units plus ~27,000 SF retail/restaurant/event space.

  • Rare opportunity in one of California’s fastest-growing lifestyle-driven markets.

  • Strong market fundamentals: population growth, accelerated incomes, large percentage of residents 'aging-up' into rental market.

  • Most Pipeline new deliveries expected in 2024 and 2025 and limited new inventory expected in 2026.

  • Positioned for absorption of new inventory from previous years

  • Benefits from its proximity to Inland Empire and San Diego employment, as well as access to retail, health care, and entertainment.

  • Offering – Full information package and financials available upon execution of NDA. This is a rare shovel-ready project in one of California’s high-growth mid-level markets, ideally positioned to meet the demands of the "aging up" population.

  • Contact:

    Chris Lee

    DRE#02107257 949.793.1738

    [email protected]

    Pacific Sotheby’s International Realty

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Listing Contacts

AS
CA 01319910, CA 01319910
Pacific Sotheby's International Realty
CL
CA 02107257
Pacific Sotheby's International Realty
CL
02107257
Berkshire Hathaway HomeService
Listed by Pacific Sotheby's International Realty, Berkshire Hathaway HomeService

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Zoning

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SP-14 SpecialSpecific Plan Uptown Temecula
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Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Alice Schroeder
License
01319910
Brokerage
Pacific Sotheby's International Realty
Title
CRE Broker
Brokerage Address
1200 Newport Center Drive
Name
Chris Lee
License
02107257
Brokerage Phone
949.554.1200
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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