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S Cawston Avenue - Los Olivos - R18 Zoned Lot Los Olivos, Hemet, CA

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S Cawston Avenue - Los Olivos - R18 Zoned Lot Los Olivos

Hemet, CA 92545 - South Riverside Submarket

Property Type:Land Parcel Size:2.5 Acres
For Sale Price:$695,000 Price/Acre:$278,000 Price/SF:$6.38

Proposed Use:Apartment Units, Apartment Units - Condo, Apartment Units - Senior, Health Care, Rehabilitation Center

On-Site Improv:Raw land

Shovel Ready 2.5 acre vacant piece of multi-family land that is fully entitled for 40 condos/apartments (maximum allowable is 48 units) and 60 units if Senior Housing. The land is in a great location in the new section of the City of Hemet (County of Riverside). The property is located next to a brand new medical complex containing 8 large medical buildings, existing apartments and within a ½ mile to schools, Super Walmart Shopping Center (Page Plaza) and numerous other retail shops. The location is perfect as it is in the west end of Hemet which is where the City has planned most of its future growth. There is currently thousands of new homes and new commercial in this area with plans for enormous future growth in residential, commercial and industrial. This shovel ready project would be great for families, seniors or affordable housing.

Sale Notes:
Known as Los Olivos, the subject is tentatively approved for 40 condo units. Ideal location near the Hemet Center for Medical Excellence and close to major retailers in the Page Plaza. Develop as approved or potential for senior housing, apartments or assisted living.
East side of Cawston Avenue, south of Stetson in west Hemet. Conveniently close to the Hemet-Ryan Airport and approximately one mile west of Seven Hills Golf Club.

Korek Land Company
Deanne Boublis
(818) 787-3077

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