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Listed by LILI QIAN, DRE #01925737 • PACIFIC STERLING REALTY/Irvine
$380,000
Est. payment /mo
2.47 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRWS26237725
Lot Size 2.470 Acres
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
Exceptional Investment Opportunity in a Medium-Sized High-Density Apartment Community! Preliminary approval has been granted for a project consisting of 60 apartment units, with the potential to build up to 74 units according to the maximum allowances of R-3 zoning. The property encompasses approximately 2.47 acres (107,519 square feet) of entirely flat land, situated in the heart of the City of Hemet, with frontage on both Santa Fe Street and E Central Avenue. The land is rectangular in shape, and all utilities are readily available. The project has been designed to include 10% 1-bedroom/1-bath units, 10% 3-bedroom/2-bath units, and 80% 2-bedroom/2-bath units. It is currently in the process of nearing full entitlement approval from the planning department, expected within the next 2-3 months. Full entitlement approval may be deliverable by the owner depending on the terms. Extensive development documentation available upon request, including proposed 60-unit architectural plans, conceptual civil engineering and drainage plans, utility layouts, landscape plans, geotechnical studies, infiltration and liquefaction reports, and prior City planning review comments. Contact listing agent for development package and additional information. Buyer and buyer's consultants to independ
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning LSR,D6
Exterior
View None
Building
Water Other
Others
Tax ID 446092027
Special Listing Condition Not Applicable
Virtual Tour https://www.dropbox.com/scl/fi/u2ok70mtctxc1qul9plsj/10-29.mp4?rlkey=hpvl5oti2jsxut4f333gv3gqh&dl=0
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