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401 N Santa Fe , Hemet, CA 92543
$380,000
Est. Payment: $1,971.74/mo
2.47 Acres
Status: active | Days on site: 1
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CR-21437 - CR-WS78081,CR-WS84429
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House Description

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. Extensive development documentation available upon request, including proposed 60-unit architectural plans, conceptual civil engineering and drainage plans, utility layouts, landscape plans, geotechnical studies, infiltration and liquefaction reports, and prior City planning review comments. Contact listing agent for development package and additional information. Buyer and buyer's consultants to independently verify all entitlements, approvals, engineering requirements, and development feasibility.
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Highlights

Listed by LILI QIAN , 626-475-2156 and LIANG WANG , 909-343-9494 PACIFIC STERLING REALTY/Irvine , 949-222-9911. San Diego County Multiple Listing Service mls logo

Property Type

Vacant Land
Lot/Acreage
2.47

County

Riverside

Listing ID

WS26237725

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Interior Features

Exterior Features
Principal Interest
$1,972
Taxes
$242

Home Price

$380,000

Loan Details

30 yrs
6.75%

Down Payment

20%
$76,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,971.74

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,971.74 $242.25 $0.00 $2,213.99
Yearly $23,660.86 $2,907.00 $0.00 $26,567.86
Total $709,825.76 $87,210.00 $0.00 $797,035.76

Today's Rates

30 Year

6.75%

20 Year

6.86%

15 Year

6.24%

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Market insight data is pulled from the same city as the listing being viewed (Hemet, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The data relating to real estate for sale on this web site comes in part from the San Diego MLS, Inc.. Real estate listings held by brokerage firms other than Heller Real Estate Group | eXp Realty of Southern California | PLACE are marked with the IDX logo. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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Data last updated: 2026-11-07T19:36:16.000Z

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