RC Pechanga 20 LP of Glendale, California, has sold a 21.56-acre parcel of land known as Cypress Ridge at 45100 Pechanga Parkway in Temecula, California, to TRI Pointe Homes Inc. of Irvine, California, for an undisclosed amount. The property is entitled for 245 lots with three product types.
The site is within blocks of Pechanga Resort and Casino and consists of detached clusters, attached motor courts, duplexes, and triplexes. It is one of the last large remaining building opportunities in the City of Temecula.
Matt Weaver and Al Apuzzo of Lee & Associates–North San Diego County represented both the seller and the buyer in the transaction.