11
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$3,888,000
Est. payment /mo
Active
E Stetson Hemet, CA 92543
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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
Tax ID 44630000500
Listed by Alexandra Bentley Lee & Associates
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