1890 South State St Hemet, CA 92543
For Sale
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This exceptional 23.97-acre property in Hemet, California, presents a remarkable investment opportunity. Located at 1890 S State St, 92543, this land boasts breathtaking views of Diamond Valley and South Hemet. The property includes three parcels (APN# 451-150-008, 451-150-034, and 451-150-027), totaling approximately 24 acres and zoned A1-5. Currently featuring two existing structures – a two-bedroom, one-bathroom manufactured home and a barn with a livable area – the land offers numerous potential building sites. All utilities are readily available on the property. Its prime location, directly across from McSweeney Elementary School, makes it highly suitable for subdivision or even a potential school site. This property is situated in a rapidly developing area, presenting significant upside potential. The original list price was $2,500,000, and the current asking price is $2,100,000. The assessor's records indicate a lot size of 1,044,133 square feet, resulting in a price per square foot of approximately $2. The seller is motivated, making this an attractive opportunity for discerning investors. Don't miss this chance to acquire this exceptional piece of land with immense potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.