Call For Offers: November 5, 2024

The Hayden is a permit ready multifamily development opportunity along Murrieta Hot Springs Road, directly South of The Golf Club at Rancho California and adjacent to Murrieta Tennis Club. Spanning 9.85 acres, the Hayden is currently entitled for 196 multifamily units (76 1BD, 114 2BD, 6 3BD). The property also has the potential for 150-180 for-sale townhomes using the in place zoning.

With a median age of 37, Murrieta is home to many young professionals and families. The city has risen to meet the needs of its residents, boasting some of the top-rated high schools in the state and consistently ranking among the top ten safest cities in the U.S. for populations of 100,000 or more. Over the years, Murrieta has developed and preserved more than 20 miles of hiking trails, 52 parks, and countless recreational opportunities, solidifying its reputation as an ideal place to live.

The Hayden has medium to high density residential zoning (MF-2) with a base density of 15.1 - 18.0 DU/Acre allowing for the a townhome development to fit within the intimidate area. Townhome and home sales in the area have continued to rise with limited supply coming online with an average sales price of $366 PSF on new product. Multifamily rents have also continued to climb with Oak Springs Ranch, Rendezvous and The Vineyards at Paso Del Sol leading the way.