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    Devonshire Ave & Yale St Hemet, CA 92544

    Sponsored
    For Sale
    $885,000

    3.12 Acres, R-3 Zoning, Reduced Price

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.12-acre parcel presents a remarkable opportunity for residential or multi-family development. Located in Hemet, California, at the southeast corner of East Devonshire Avenue and Yale Street (APN 445-210-008), this level, flat corner lot boasts R-3 (Medium Density) zoning, permitting 8-18 dwelling units per acre. Its advantageous location near the Hemet Valley Medical Center offers convenient access to essential services and amenities. The property's zoning allows for a variety of development options, making it an attractive investment for builders and developers seeking a prime location in a growing area. The asking price has been significantly reduced to $885,000, representing exceptional value for this sizable, well-situated parcel. This is a rare opportunity to acquire a substantial piece of land in a desirable location with significant development potential. The property's flat topography simplifies construction, and its corner location provides excellent visibility and accessibility. Don't miss this chance to secure a valuable asset in the thriving Hemet market. The property is conveniently located in Riverside County, California, with a 92544 zip code.

    Property Features for 0 Devonshire Ave & Yale St

    General Information

    Property type
    Land
    Lot Size
    135,907 SF

    HighLights

    • 3.12‑acre vacant land parcel.
    • APN 445‑210‑008.
    • R‑3 (Medium Density) zoning, allowing 8‑18 dwelling units per acre.
    • Level, flat corner lot at the intersection of East Devonshire Avenue and Yale Street in Hemet, CA.
    • Conveniently located near Hemet Valley Medical Center.
    • Reduced price: $885,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hemet
    County
    Riverside
    State
    California
    Longitude
    -116.9499848
    Latitude
    33.7512723

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    FAQs

    What type of property is this?
    Land - 3.12 Acres, R-3 Zoning, Reduced Price
    Where is this land located?
    The property is located at Devonshire Ave & Yale St Hemet, CA.
    What is the asking price?
    The asking price for this property is $885,000.
    What are key features of this property?
    This property features: 3.12-acre vacant land parcel.; APN 445-210-008.; R-3 (Medium Density) zoning, allowing 8-18 dwelling units per acre.
    (760) 310-4965
    Request Owner's contact information
    Devonshire Ave & Yale St Hemet, CA 92544
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    Hemet, CA 92544
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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
    Devonshire Ave & Yale St Hemet, CA 92544
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