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    401 N Santa Fe St Hemet, CA 92543

    Sponsored
    For Sale
    $1,800,000

    Land/Lot - Hemet, CA

    Lot size:
    107,593.00 Acres
    Days on Market:
    351
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 401 N Santa Fe St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    APN
    446092027
    Exterior features
    Community Features Included: Sidewalks, Street Lights, Urban
    Lot size
    107,593.00 Acres

    Building Details

    Architectural style
    Other

    Centeline Investment Inc (626) 238-8643 [email protected]

    Listing agent Xiaoming Ye (626) 238-8643 License #02196580

    Listing date Jan 20, 2025

    MLS# TR25014447 Listing URL

    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hemet Land Investment Opportunity

    This is an investment opportunity located in the City of Hemet. The property consists of approximately 2.47 acres of entirely flat land. It is located at the heart of City of Hemet, with frontage on both Santa Fe Street and E Central Avenue. The lot has a rectangular shape, and all utilities are available. Preliminary approval projects indicate a potential for 60 apartment units, with up to 74 units buildable according to the R-3 Zoning. The project design includes 10% 1-bed/1-bath units, 10% 3-bed/2-bath units, and 80% 2-bed/2-bath units. The project is in the process of approaching full entitlement approval by the planning department, expected within the next 2-3 months. Full entitlement approval may be delivered by the owner depending on the terms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hemet
    County
    Riverside
    State
    California
    Longitude
    -116.963537
    Latitude
    33.741555

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    FAQs

    What type of property is this?
    Commercial land - 2.47 AC flat land with apartment development potential.
    Where is this commercial land located?
    The property is located at 401 N Santa Fe St Hemet, CA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Preliminary approval for 60 apartment units, potentially up to 74 units under R-3 zoning.; - Large, flat 2.47-acre (107,519 sq ft) lot in the heart of Hemet.; - Rectangular-shaped lot with frontage on both Santa Fe Street and E Central Avenue.
    (909) 565-0445
    Request Owner's contact information
    401 N Santa Fe St Hemet, CA 92543
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    Hemet, CA 92543
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 N Santa Fe St Hemet, CA 92543
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