395 E Stetson Ave - Commercial LAND FOR SALE


Hemet, CA 92543- Outer San Jacinto439,956 SF
$3,888,000 USD
760-929-9700
395 E Stetson Ave, Hemet, CA for Sale
$3,888,000 USD
Commercial LAND - FOR SALE
1/1
439,956 SF

395 E Stetson Ave
Hemet, CA 92543
Outer San Jacinto


OVERVIEW

The subject property is located on the NWC E Stetson Ave & S Buena Vista St in Hemet, CA. It is approximately 1.5 miles south of the 74 Freeway and approximately 14 miles east of I-215. 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.

FOR SALE DETAILS

PRICE

$3,888,000 USD

PRICE/ACRE

$384,950/AC

PRICE/SF

$9 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family

LAND ACRES

10.1 AC

LAND SF

439,956 SF

OFFSITE IMPROVEMENTS

-

ZONING

R2

APN/PARCEL ID

446-300-005,446-300-011

ASK ABOUT THIS PROPERTY

Matt WeaverLee & AssociatesMore Info
760-929-9700

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Matt WeaverLee & AssociatesMore Info
760-929-9700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.