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Attention: This is a shovel-ready Multifamily Development Opportunity for a 238 keys + Retail Project in one of California’s high growth mid-level markets to meet the demands of young professionals rising up quickly in the rental market. Targeting large scale developers ready to build as the rates are decreasing! •. Located in Temecula Wine Country in the SP-14 Uptown Specific Plans • Fully entitled for Two buildings totaling a 238-keys multifamily + approx. 27,000 Retail space for restaurants, conference/event space, or gyms. • Area is endowed with Steady population growth, accelerated income with a large percentage of population ‘aging-up’ to the rental market. • All entitlements secured after a highly lengthy process • Positioned for strong absorption post 2026 • Flat topography • Excellent Frontage and Close to famed Old Town Temecula
Listing agent: Chris Lee DRE #02107257 chris@theavantteam.com, Listing office: Pacific Sotheby's Int'l Realty
MLS data updated 10/25/2026, 10:22:06 PM PT
Source: CRMLS, MLS #: OC26018960
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jan 16, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$15,000,000Original asking price · Jan 16, 2026ZIP 92590 · Jan 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.