E Stetson, Hemet, CA 92543 - MLS#NDP2509185 - Anthony Napoli

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Anthony Napoli

realestate@anthonynapoli.com +1(619) 750-3558

$3,888,000

Est. payment - /mo

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Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID NDP2509185

Lot Dimensions 10.10 Acres

Property Sub-Type Lots/Land

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

Direction 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

Interior

Fireplace No

Exterior

View Y/N No

Others

Senior Community No

Tax ID 44630000500

Acceptable Financing Cash, Exchange, Land Contract

Listing Terms Cash, Exchange, Land Contract

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Listed by Alexandra Bentley Lee & Associates

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Anthony Napoli

+1(619) 750-3558

Agent | License ID: 01311452

Agent License ID: 01311452

E Stetson Hemet, CA 92543

Anthony Napoli

Key Details

Location

Interior

Exterior

Others

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