Property profile

407 Kirby St Hemet, CA 92545

OFF-MARKET
Land
4.65 ac lot
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Property summary

AI-generated overview

This exceptional 4.65-acre parcel in Hemet, California, presents a prime development opportunity. Located at 407 N Kirby St, 92545 (APN 444-190-009), this residential land is zoned for residential use and boasts an approved tentative map for 20 individual lots. The current map extension ensures ample time for development, extending until March 12, 2026. All necessary improvement plans are finalized, requiring only minor updates and final submission for approval. This significantly streamlines the development process, with a grading permit potentially obtainable within 30 days and map recording possible within 60 days. The absence of a Homeowners Association (HOA) further simplifies the project. This infill project offers significant potential for investors seeking a quick turnaround and strong return. The asking price is $498,888. This is a rare opportunity to acquire a fully-planned residential subdivision in a desirable location, ready for immediate development. The property is situated in Riverside County, California.

Property profile

Verified
Property type Land
Lot 4.65 ac (202,554 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

407 Kirby St Hemet, CA 92545
Hemet metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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