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Property profile & analytics
OFF-MARKET
Land

0 Devonshire Ave & Yale St Hemet, CA 92544

3.12 ac lot
Property ID
Property summary
AI-generated overview

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
Verified
Property type Land
Lot 3.12 ac (135,907 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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