The LAAA Team of Marcus and Millichap is excited to introduce this RTI site to build 44 Single Family Tract Homes in San Jacinto, California. 

Situated on 5.94 acres of land within an Opportunity Zone, this property will be delivered to the buyer with RTI (Ready to Issue) approval to build 44 single-family tract homes. Each of these thoughtfully designed homes features 4 bedrooms and 3 bathrooms, providing ample space and comfort for families. The 44 homes are split into three different floor plans ranging from 1,650 sf - 1,900 sf, with an average size of 1,789 sf. Not included in those square footage numbers are the 2 car garages that come with each of the 44 homes. 

San Jacinto is surging with new home construction, and the homes are selling just as fast as they're being built. According to the MLS, there have been 90 new construction homes sold (built 2019 or newer) in the first 6 months of 2023 in San Jacinto. That's one sale of a new construction home every other day in 2023, and there are 28 additional homes currently in escrow as of the time of this writing (late June 2023).

To estimate what the subject lot's 4 Bed homes would sell for after completion, we analyzed the forty-six sales of 4-bed new construction homes in 2023 which sold for $485,000 on average. With the subject lot's homes being slightly smaller than the average sale comp, its reasonable to assume the subject lot's homes would sell for a bit less, around $475,000 on average ($265 per sqft). 

Located in Riverside County, California, San Jacinto is a vibrant city that offers a unique blend of natural beauty and urban conveniences. Nestled in the San Jacinto Valley, the city is surrounded by picturesque mountain ranges and stunning landscapes, providing residents and visitors with breathtaking views and a tranquil atmosphere. The city's rich history is evident in its well-preserved landmarks and cultural attractions, such as the Estudillo Mansion, a historic Victorian-style home that offers a glimpse into the region's past. Additionally, San Jacinto boasts a diverse community that embraces its cultural heritage through various events and festivals, showcasing the vibrant tapestry of traditions and customs. With its charming atmosphere, natural beauty, and cultural vibrancy, San Jacinto is a captivating city that offers an appealing and enriching living experience.