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Listed by Xiaoming Ye • Centaline Investment Inc
$1,800,000
Est. payment /mo
107,593 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 107,593 sqft
Price per Sqft $16
MLS Listing ID CRTR25014447
HOA Y/N No
Lot Size 2.470 Acres
Property Sub-Type Unimproved Land
Source Datashare California Regional
Property Description
Precious Investment Opportunity in a medium sized high density apartment community! Preliminary approval projects of 60 units of apartments and up to 74 units buildable according the maximum right of R-3 Zoning. The property has an approximately 2.47AC (107,519 sqft) entirely flat land, located at the heart of City of Hemet, and frontage on both Santa Fe Street and E Central Avenue, rectangular shape, all utilities are available. The project been designed to 1bed/1bath 10%, 3bed/2bath 10%, and 2bed/2bath 80%, and is on the stage of approaching fully entitlement approval by the planning department in the next 2-3 months. Fully approval of entitlement may be deliverbales by the owner depends on the terms.
Location
State CA
County Riverside
Interior
Fireplace No
Exterior
View None
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