401 N Santa Fe Street Hemet, CA 92543

Listing Agency Centaline Investment Inc j***@gmail.com Show Phone

1155 S Diamond Bar Blvd #K, Diamond Bar, CA

Listed by Xiaoming Ye · License #02196580 Show Phone

Added: Jan 20, 2025 Checked: Jul 17 at 12:06 pm

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MLS# TR25014447

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Investment Insights

Based on property information with market context.

This 2.47-acre (107,519 sqft) flat land parcel presents an investment opportunity for a medium-sized, high-density apartment community. Located in the heart of Hemet, the rectangular-shaped property has frontage on both Santa Fe Street and E Central Avenue. The R-3 zoning allows for the construction of up to 74 units. Preliminary approval projects 60 apartment units. The project design includes 10% 1-bed/1-bath units, 10% 3-bed/2-bath units, and 80% 2-bed/2-bath units. All utilities are available. The project is in the process of obtaining full entitlement approval from the planning department, expected within the next 2-3 months. Full entitlement approval by the owner may be deliverable depending on the terms.

Key Highlights

• 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.

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FAQs

What type of property is this?

Land - Flat 2.47-acre lot suitable for high-density apartment development.

Where is this land 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: 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.