Residential Land for Sale in Hemet, California

Exceptional Investment Opportunity in a Medium-Sized High-Density Apartment Community! Preliminary approval has been granted for a project consisting of 60 apartment units, with the potential to build up to 74 units according to the maximum allowances of R-3 zoning. The property encompasses approximately 2.47 acres (107,519 square feet) of entirely flat land, situated in the heart of the City of Hemet, with frontage on both Santa Fe Street and E Central Avenue. The land is rectangular in shape, and all utilities are readily available. The project has been designed to include 10% 1-bedroom/1-bath units, 10% 3-bedroom/2-bath units, and 80% 2-bedroom/2-bath units. It is currently in the process of nearing full entitlement approval from the planning department, expected within the next 2-3 months. Full entitlement approval may be deliverable by the owner depending on the terms.