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401 N Santa Fe Street

Hemet, CA 92543
  • $2,100,000
  • STATUS: Active
  • ON SITE: 78 Days
  • ID#: TR24153547
$2,100,000
  • 0
    BEDS
  • 2.47
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Xiaoming Ye of Centaline Investment Inc (626-238-8643)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-12T00:30:50.53. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Stefanie Angel Team | Keller Williams Victor Valley. Licensed in the State of California, USA.
www.thestefanieangelteam.com/homes/152984815
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401 N Santa Fe Street Hemet, CA 92543

  • Price: $2,100,000
  • Status: Active
  • On Site: 78 Days
  • ID#: TR24153547
0
Beds
0
Baths
0
½ Baths
2.47
Acres
Neighborhood:
Srcar - Southwest Riverside County
County:
Riverside
Area:
Srcar - Southwest Riverside County
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.
Exterior Features

Lot Features 26-30 Units/Acre View None View YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street LightsSidewalksUrban Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source See Remarks Zoning R-3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-12T00:30:50.53. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Stefanie Angel Team | Keller Williams Victor Valley. Licensed in the State of California, USA.
 
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The Stefanie Angel Team | Keller Williams Victor Valley
18333 Bear Valley Rd.
Hesperia CA, 92345
Listing Agent(s): Xiaoming Ye of Centaline Investment Inc (626-238-8643)