Up to 272 Unit Multifamily Development Opportunity

40785 Vista Murrieta Murrieta, CA 92562

40785 Vista Murrieta, Murrieta, CA, 92562
40785 Vista Murrieta, Murrieta, CA, 92562
FOR SALE
Property Type:
Multifamily Land
Amount:
$9,087,000
Last Verified:
Mar 15, 2024

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Highlights

  • Multifamily Development Site
  • Great Location just off the I-15 Freeway Terrific VIews
  • Build up to 272 Units
  • 9.07 Acres
  • 4 APN's

Description

Terrific multi-family development opportunity. This 9.07-acre development site consists of 4 APN's all contiguous. The Murrieta housing element and new zoning overlay identify these parcels for up to 30 units per acre. Possibility for up to 272 units. Perfect location in the heart of Murrieta, just north of the Triangle. Panoramic views of the valley and surrounding mountains. Close to everything with a country feel. Terrific location. The new housing element has identified these parcels for 30 units per acre.

Terrific Location in Murrieta in the triangle area. Just off Los Alamos, I-15, and Murrieta road. Terrific views.

Lot Size: 9.07 acres


Documents

Offering Memorandum
Sale Flyer (L)

Map of 40785 Vista Murrieta, Murrieta, CA, 92562

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.