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Listed by Xiaoming Ye • Centaline Investment Inc
$1,800,000
Est. payment /mo
2.47 Acres Lot
Price Dropped by $300K
401 N Santa Fe ST Hemet, CA 92543
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Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRTR25014447
Originating Board California Regional MLS
Lot Size 2.470 Acres
Property Sub-Type Other Residential Land
Property Description
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.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning D6
Exterior
View None
Building
Water Other
Others
Tax ID 446092027
Special Listing Condition Not Applicable
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