CA > Hemet
Hemet, CA 92543,E Stetson AVE
Hemet, CA 92543,E Stetson AVE
Hemet, CA 92543,E Stetson AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$3,888,000
Est. payment /mo
10.1 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID NDP2509185

HOA Y/N No

Lot Size 10.100 Acres

Property Description

The subject property consists of two parcels totaling approximately 9 acres. There are currently plans for a 216-unit multi-family development called “Senna Community.” The unit mix consists of 9 studio units, 90 1 bed/ 1 bath units, and 117 2 bed/2 bath units. The property is zoned R-2, Low density Multiple Family Residential, with a maximum density of 8 du/acre. The General Plan designation is Medium Density Residential with a maximum density of 18 du/acre. The Housing Accountability Act authorizes development on the properties to utilize the higher General Plan Density as opposed to the lower Zoning density. The project proposes to provide 5% Very Low Income units, which entitles the project to a 20% density bonus. The property offers a unique opportunity for a builder to bring much-needed housing to the City of Hemet.

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Zoning Low-Density Multi-Family

Interior

Fireplace No

Exterior

Community Features Suburban

View Y/N Yes

View Neighborhood

Building

Lot Description 21-25 Units/Acre

Others

Senior Community No

Tax ID 44630000500

Acceptable Financing Cash, Contract, 1031 Exchange

Listing Terms Cash, Contract, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2509185

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CRMLS – RECore
Listed by Alexandra Bentley Lee & Associates abentley@lee-associates.com

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