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NE Corner Of State St - South State Street 4.13 Acres of Residential Land Offered at $1,199,000 in Hemet, CA 92543
Investment Highlights
- Opportunity for developers to capitalize on housing demand in the Inland Empire region.
- Located at a prominent intersection with strong traffic exposure.
- Multi-family housing permitted, subject to review and approved by City
- Situated along a key route connecting Hemet and French Valley.
Executive Summary
Property Facts
| Price | $1,199,000 | Proposed Use | Multifamily |
| Sale Type | Investment or Owner User | Total Lot Size | 4.13 AC |
| No. Lots | 1 | Cross Streets | Chambers Street |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | R-4 - High Density (Not to exceed 45-units), permitted uses include Senior Housing and Multi-family dwellings including duplexes, condominiums and apartment | ||
| Price | $1,199,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 4.13 AC |
| Cross Streets | Chambers Street |
| Opportunity Zone |
Yes |
| Zoning | R-4 - High Density (Not to exceed 45-units), permitted uses include Senior Housing and Multi-family dwellings including duplexes, condominiums and apartment |
1 Lot Available
Lot
| Price | $1,199,000 | Lot Size | 4.13 AC |
| Price Per AC | $290,314.77 |
| Price | $1,199,000 |
| Price Per AC | $290,314.77 |
| Lot Size | 4.13 AC |
Corner lot zoned Multi-Family Land (R-4)in Opportunity Zone.
Description
The northeast corner of State Street and Chambers Street in Hemet, California, offers a prime development opportunity with approximately 4.13 acres of land zoned R-4 for multi-family residential use. This zoning allows for a maximum density of up to 45 dwelling units per acre, making the site ideal for high-density residential projects such as apartments or townhomes. The property is strategically positioned along a major thoroughfare that connects Hemet to French Valley, providing excellent visibility and convenient access to surrounding neighborhoods, retail centers, and essential services. Its location within a growing Inland Empire submarket enhances its appeal for developers seeking to meet the region’s strong demand for housing.
Property Taxes
| Parcel Number | 451-100-022 | Improvements Assessment | $0 |
| Land Assessment | $238,134 | Total Assessment | $238,134 |
Property Taxes
Presented by
BMI Realty, Inc.
NE Corner Of State St - South State Street
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