Multifamily Development
For Sale
$1,600,000
401 N Santa Fe Street, Hemet, CA 92543
Entirely flat, rectangular land with frontage on Santa Fe Street and E Central Avenue, zoned R-3 and ready for entitlements.
Property SizeContact for details
Lot Size2.47 Acres
Days on Market125
Property Features for 401 N Santa Fe Street
General Information
Standard status
Active
Lot size
2.47 Acres
Property subtype
Lots/Land
Zoning
R-3
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
74
Listing Agency:
Centaline Investment Inc
(909) 565-0445
Listed By:
Xiaoming Ye · License #02196580
(909) 565-0445
Source:
Exitrealty
Added: Apr 28
Changed: Aug 28
Last Checked: Jul 9 at 3:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Centaline Investment Inc
Investment Insights
Based on property information with market context.
This listing offers approximately 2.47 acres of entirely flat, rectangular land suited for multifamily development. Preliminary approval is in place for 60 apartment units, with up to 74 units described as buildable under the maximum right of R-3 zoning. The proposed unit mix is designed as 80% 2-bed/2-bath, 10% 1-bed/1-bath, and 10% 3-bed/2-bath. All utilities are available, supporting site development planning.
The property is located at 401 N Santa Fe Street in Hemet, with frontage on both Santa Fe Street and E Central Avenue. The project is described as approaching fully entitlement approval through the planning department within the next 2–3 months, with final entitlement deliverables dependent on the stated terms.
The parcel is presented as a straightforward, high-density residential development site, supported by preliminary approvals and an R-3 framework for additional density.
The property is located at 401 N Santa Fe Street in Hemet, with frontage on both Santa Fe Street and E Central Avenue. The project is described as approaching fully entitlement approval through the planning department within the next 2–3 months, with final entitlement deliverables dependent on the stated terms.
The parcel is presented as a straightforward, high-density residential development site, supported by preliminary approvals and an R-3 framework for additional density.
Key Highlights
- About 2.47 AC (107,519 SF) entirely flat, rectangular land in the heart of Hemet
- Frontage on both Santa Fe Street and E Central Avenue
- R‑3 zoning with preliminary approval plans for 60 apartments and up to 74 units buildable
Property Analytics
Property Profile
Current Use
Lease Details
74
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,010
Businesses Nearby
Explore this area
Business Placement
Demographics for 92543, CA
39,323
Population
15,225
Households
2.6
Avg Household Size
37
Median Age
13%
College-Educated
75%
High-School Grad
19.1 sq mi
ZIP Area
2,059
Density / Sq Mi
$47,002
Median Household Income
$34,376
Median Earnings
$1,306
Median Rent
$250,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Entirely flat, rectangular land with frontage on Santa Fe Street and E Central Avenue, zoned R-3 and ready for entitlements.
Where is this residential land & home lot located?
The property is located at 401 N Santa Fe Street Hemet, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: About 2.47 AC (107,519 SF) entirely flat, rectangular land in the heart of Hemet; Frontage on both Santa Fe Street and E Central Avenue; R‑3 zoning with preliminary approval plans for 60 apartments and up to 74 units buildable
