Estimated payment $9,988/month
About This Lot
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.
Listing Agent
Centaline Investment Inc Brokerage Phone: 626-238-8643 License #02196580 Listed on: 01/20/2025
Property Details
Property Type
- Land
Lot Details
- 2.47 Acre Lot
- Density is 26-30 Units/Acre
- Property is zoned R-3
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 4 / 165
- Assessor Parcel Number 446092027
- $416 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Exterior Lighting
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,242 | $527,950 | $527,950 | -- |
| 2023 | $6,242 | $507,450 | $507,450 | $0 |
| 2022 | $3,762 | $294,855 | $294,855 | $0 |
| 2021 | $3,705 | $289,074 | $289,074 | $0 |
| 2020 | $3,723 | $286,110 | $286,110 | $0 |
| 2019 | $3,651 | $280,500 | $280,500 | $0 |
| 2018 | $4,090 | $323,209 | $323,209 | $0 |
| 2017 | $4,045 | $316,872 | $316,872 | $0 |
| 2016 | $4,019 | $310,659 | $310,659 | $0 |
| 2015 | $4,008 | $305,994 | $305,994 | $0 |
| 2014 | $3,845 | $300,000 | $300,000 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/06/2025 05/06/25 | Price Changed | $1,800,000 | -14.3% | -- | |
| 01/20/2025 01/20/25 | For Sale | $2,100,000 | +322.1% | -- | |
| 03/16/2022 03/16/22 | Sold | $497,500 | -0.3% | -- | View Prior Sale |
| 10/12/2021 10/12/21 | Price Changed | $499,000 | -2.2% | -- | |
| 08/12/2021 08/12/21 | Price Changed | $510,000 | -1.7% | -- | |
| 07/22/2021 07/22/21 | Price Changed | $519,000 | -7.2% | -- | |
| 06/20/2021 06/20/21 | Price Changed | $559,000 | -6.7% | -- | |
| 05/30/2021 05/30/21 | For Sale | $599,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $275,000 | First American Title Company | |
| Grant Deed | $200,000 | First American Title Company | |
| Grant Deed | $300,000 | Wfg Title Company | |
| Grant Deed | $550,000 | Fidelity National Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $195,000 | New Conventional | |
| Previous Owner | $275,000 | Purchase Money Mortgage |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR25014447
APN: 446-092-027
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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