401 N Santa Fe, Hemet, CA 92543
401 N Santa Fe, Hemet, CA 92543
401 N Santa Fe, Hemet, CA 92543
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Maricela Contreras

Maricela Contreras

+1(951) 438-9954
$380,000
Est. payment /mo
2.47 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS26237725

HOA Y/N No

Lot Size 2.470 Acres

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 independently verify all entitlements, approvals, engineering requirements, and development feasibility.

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, Rectangular Lot

Water See Remarks

New Construction No

Others

Senior Community No

Tax ID 446092027

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Virtual Tour https://www.dropbox.com/scl/fi/u2ok70mtctxc1qul9plsj/10-29.mp4?rlkey=hpvl5oti2jsxut4f333gv3gqh&dl=0

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Listed by LILI QIAN PACIFIC STERLING REALTY/Irvine 626-475-2156, DRE #01925737

NEARBY SCHOOL & BUSINESS

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