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$2,100,000
Est. payment /mo
2.47 Acres Lot
UPDATED:
09/30/2024 06:41 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR24153547
HOA Y/N No
Lot Size 2.470 Acres
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
Interior
Fireplace No
Exterior
Community Features Street Lights, Sidewalks, Urban
View Y/N No
View None
Building
Lot Description 26-30 Units/Acre
Water See Remarks
New Construction No
Others
Senior Community No
Tax ID 446092027
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Lease Land No
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Listed by Xiaoming Ye • Centaline Investment Inc • 626-238-8643
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