Idyllwild Drive
40+ Unit Development Deal | San Jacinto | $739K
Marketing description
Marcus & Millichap is pleased to present a high-density residential development opportunity in San Jacinto, located in an established neighborhood directly across from San Jacinto High School. The site benefits from strong local demand drivers and continued residential expansion throughout the San Jacinto Valley.
The offering consists of a flat, infill parcel totaling ±81,022 square feet (±1.86 acres), zoned Residential High-Density (RH), allowing for up to 22 units per acre with full ADU potential. This supports an estimated buildout of approximately 40 units plus ADUs, with the ability to scale to 50+ units upon full densification (Buyer to Verify). The zoning allows for apartments, townhomes, and other planned residential developments, providing flexibility for a range of project types.
San Jacinto continues to experience steady population growth, driven by affordability and migration from higher-cost Southern California markets. The area maintains a renter base of approximately 40% to 45%, with average household incomes in the mid-$60,000s to low-$70,000s, supporting long-term demand for new multifamily housing. Surrounding the site, multiple residential communities by national homebuilders such as KB Home and LGI Homes are actively delivering several hundred new homes across various phases, reinforcing the area’s growth trajectory and expanding the local housing base.
The property is located near major national retailers including Walmart Supercenter, Stater Bros. Markets, Walgreens, and Starbucks, providing convenient access to daily amenities. Additional demand drivers include Mt. San Jacinto College and Hemet Global Medical Center, supporting a diverse tenant base of students, healthcare workers, and local residents.
Offered at $739,000, or approximately $9.12 per square foot and $18,475 per buildable unit, the site presents a strong opportunity for developers seeking an infill location within a growing Inland Empire submarket, supported by expanding housing supply, stable demographics, and continued economic growth.
Investment highlights
COMPELLING LAND BASIS AT $18,475 PER BUILDABLE UNIT: Offered at $739,000 — just $9.12 per square foot of land and $18,475 per buildable unit — the pricing reflects a competitive basis for the San Jacinto submarket with significant development upside.
HIGH-DENSITY RESIDENTIAL DEVELOPMENT SITE IN SAN JACINTO: Zoned and ready. The next owner steps in with RH zoning already in place and a clear path to building permit for 40+ units with full ADU potential.
STRONG DEMOGRAPHICS AND POPULATION GROWTH: San Jacinto continues to see steady population growth driven by affordability and inward migration. The area maintains a renter base of approximately 40% to 45% with average household incomes in the mid $60,000s to low $70,000s, supporting long-term demand for new multifamily housing.
LOCAL DEMAND DRIVERS WITH RETAIL AND EMPLOYMENT NEARBY: Mt. San Jacinto College is approximately 1.5 miles away, and Hemet Global Medical Center serves as a major employer. The property is also near Walmart Supercenter, Stater Bros. Markets, Walgreens, and Starbucks, supporting a strong renter base with convenient access to daily needs.
OWNER FINANCING AVAILABLE AT 7.99%: Accessible deal structure for seasoned developers and emerging builders alike. Recent rezoning activity and strong surrounding development momentum make this a compelling land basis in the San Jacinto Land submarket.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
