Property summary
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 profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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