401 N Santa Fe Street

Hemet, CA 92543

$2,100,000

List Price

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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.

Listing Information

List Price $2,100,000
Status Active
MLS TR24153547
HOA $0
Type Land
Lot Size 107,593
Structure Size N/A
DOM 19
Courtesy Of Centaline Investment Inc
Listing Agent Xiaoming Ye DRE#02196580

Interior Features

Total Bedroom
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Exterior Information

Maps

Listing information courtesy of: Xiaoming Ye, Centaline Investment Inc . *Based on information from the Association of REALTORS/Multiple Listing as of Jul 26th, 2024 at 12:33 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.