(949) 789-4555
Veneto Apartments
Veneto
City of Murrieta
THE OPPORTUNITY
Veneto Apartments provides a unique opportunity to develop a high quality apartment development on a golf course within the City of Murrieta. The subject site received approvals from the City of Murrieta for a 114 unit apartment project with generous 1,060 SF average unit sizes. The site sits on Murrieta Hot Springs Road, and is within one mile of a full array of major retail amenities. Veneto is ideal for commuters by offering convenient access to I-15, I-215 and Highway-79 via Murrieta Hot Springs Rd.
PROPERTY HIGHLIGHTS
- Prime in-fill location on the fourth hole of the Golf Club at Rancho California golf course.
- Tight Submarket - Multi-family vacancy rate of less than 4.5% on competing projects in the immediate area.
- 6% year over year rental rate growth in SW Riverside County
- The project is designed with two and three-story garden walk up product accompanied by deck or patio spaces
- Excellent proximity to numerous shopping, dining and entertainment centers.
- Excellent access to numerous job centers via the I-15 and I-215 freeways.
