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Property profile & analytics
FOR SALE
Churches & religious facilities

Hemet, CA 92543

41,403 SF Built 1985
Property ID
US09-3013022
Property summary
AI-generated overview

JUST REDUCED! Excellent opportunity to purchase 5.49 acres with in-place facilities in a desirable residential area of Hemet. Currently operating as a Church and Zoned S1, the site can utilize the benefits of California SB 4, enacted in 2023 that streamlines housing developments on certain propertie ... s and exempts them from environmental review. This applies to sites owned by either religious or educational institutions and must be 100% affordable housing. The law calls for the approval process to take place 90 days after application submission. Surrounded by R1 residential properties the site currently includes 5 buildings totaling 41,403 sf with parking for 223 vehicles and landscape improvements. The property has 296 feet of frontage to Buena Vista Street, 597 feet of frontage to Wesley Place, 230 feet of frontage to Thompson Street and 300 feet of frontage to East Mayberry Avenue with ingress and egress on all four streets surrounding the property. The site is mostly level and slightly above street grade. Existing improvements include planters, fountain, patios and concrete walkways and greenbelt with multiple structures. The property remains an operating religious facility therefore all site tours must be coordinated through the listing agent in advance. There is no For Sale sign on the premises.

Property profile
Verified
Property type Churches & religious facilities
Year built 1985
Total area 41,403 SF
UPID US09-3013022
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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