Hemet, CA
$1,600,000
401 N Santa Fe Street, Hemet, CA
462
Days listed
About this home
Precious Investment Opportunity in a medium sized high density apartment community! Preliminary approval projects of 60 units of apartments and up to 74 units buildable according the maximum right of R-3 Zoning. The property has an approximately 2.47AC (107,519 sqft) entirely flat land, located at the heart of City of Hemet, and frontage on both Santa Fe Street and E Central Avenue, rectangular shape, all utilities are available. The project been designed to 1bed/1bath 10%, 3bed/2bath 10%, and 2bed/2bath 80%, and is on the stage of approaching fully entitlement approval by the planning department in the next 2-3 months. Fully approval of entitlement may be deliverbales by the owner depends on the terms.
Facts & features
Exterior & lot
- Lot size
- 2.47 acres (107,593 sq ft)
Community
- Area
- SRCAR - Southwest Riverside County
- County
- Riverside
- Community features
- Street Lights, Sidewalks, Urban
Listing details
- Status
- Active
- Property type
- Land
- Days on market
- 462
- Listed
- 2025-01-20
- Original price
- $2,100,000
- Terms
- Cash, Cash To New Loan, Exchange 1031
- Parcel #
- 446092027
- MLS #
- TR25014447
Listed by
Xiaoming Ye · Centaline Investment Inc
