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Listed by Xiaoming Ye • Centaline Investment Inc
$ 1,600,000
Est. payment | /mo
2.47 Acres Lot
$ 1,600,000
Est. payment | /mo
2.47 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR-25014447
Lot Size 2.470 Acres
Source California Regional Multiple Listing Service (CRMLS)
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 R-3
Exterior
Community Features Sidewalks, Street Lights, Urban
View Y/N No
View None
Building
Lot Description 26-30 Units/Acre