465 California

    Hemet, CA 92543
    • $2,900,000
    • STATUS: Active
    • ON SITE: 89 days
    • ID#: OC18294449
    UPDATED: 51 min ago
    $2,900,000
    • 0
      BEDS
    • 25.7
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    **UNIQUE OPPORTUNITY** TWO PARCELS AVAILABLE 465-020-004 AND 465-020-005 LOCATED IN A QUALIFIED OPPORTUNITY ZONE** Parcels are located in a PRIME LOCATION of West Hemet off Florida and California in the County of Riverside. Currently designated as Mixed Use (MU) there is an opportunity for a MULTI-FAMILY DEVELOPMENT of 262 units. This is ideal for a developer who wants to offset the tax liability on their Capital Gains from the sale of other assets - for more information on how to utilize the benefits of the Opportunity Zone please contact listing agent directly. These parcels offer fantastic views of the surrounding hills and mountains. Situated close to Diamond Valley Lake, Four Seasons Golf Course, Florida Promenade shopping center, Hemet Auto Mall and Hemet Airport. Utilities to the site include electricity, gas, 12 inch waterline and 24 inch recycled waterline. There is also an existing 21 inch sewer line in Stetson Ave and a 15 inch sewer line in Florida Ave (Hwy 74). Existing signalized intersection of California Ave and Hwy 74 which is just a short block north of the parcel provides an easy paved access from this property to both Hwy 74 and future Hwy 79 interchange. The parcel has 2 paved access roads from both south and north.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-03-20T14:32:21.717. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.homefinderorangecounty.com/homes/90183913

    465 California Hemet, CA 92543

    • Price: $2,900,000
    • Status: Active
    • Updated: 51 min ago
    • ID#: OC18294449
    0
    Beds
    0
    Baths
    0
    ½ Baths
    25.7
    Acres
    Neighborhood:
    223 - Hemet/San Jacinto
    County:
    Riverside
    Area:
    223 - Hemet/San Jacinto
    Property Description
    **UNIQUE OPPORTUNITY** TWO PARCELS AVAILABLE 465-020-004 AND 465-020-005 LOCATED IN A QUALIFIED OPPORTUNITY ZONE** Parcels are located in a PRIME LOCATION of West Hemet off Florida and California in the County of Riverside. Currently designated as Mixed Use (MU) there is an opportunity for a MULTI-FAMILY DEVELOPMENT of 262 units. This is ideal for a developer who wants to offset the tax liability on their Capital Gains from the sale of other assets - for more information on how to utilize the benefits of the Opportunity Zone please contact listing agent directly. These parcels offer fantastic views of the surrounding hills and mountains. Situated close to Diamond Valley Lake, Four Seasons Golf Course, Florida Promenade shopping center, Hemet Auto Mall and Hemet Airport. Utilities to the site include electricity, gas, 12 inch waterline and 24 inch recycled waterline. There is also an existing 21 inch sewer line in Stetson Ave and a 15 inch sewer line in Florida Ave (Hwy 74). Existing signalized intersection of California Ave and Hwy 74 which is just a short block north of the parcel provides an easy paved access from this property to both Hwy 74 and future Hwy 79 interchange. The parcel has 2 paved access roads from both south and north.
    Exterior Features

    Lot Features 11-15 Units/AcreGentle SlopeLot Shape-Rectangular Lot Size Source Assessor Lot Size Units Acres Survey Survey Done View MountainPanoramic View YN Yes Waterfront Features Fishing in CommunityReservoir in Community

    Property Features

    Additional Parcels Description 465-020-004 Additional Parcels YN Yes Association Fee 0.00 Association YN No Cleared Yes Community Features Rural Country Us Current Use Comments Vacant Land In Qualified Opportunity Zone - Cur... Distance To Water Comments At Property Elevation Units Feet Ingress Egress Paved Road From South Land Lease YN No New Construction YN No Possible Use Comments Parcels In A Qualified Opportunity Zone! Perfect For Affordable Housing Development 25.7 Acres Total 18.7 Buildable For Multi-Family Use (14 Units ... Senior Community YN No Special Listing Conditions Standard Subdivision Name Other West Hills Usable Land Percent 90 Utilities Electricity AvailableNatural Gas AvailableSewer AvailableWater Available Water Source Other Zoning R-T-20000

    Listing provided courtesy of Serena Goss of Homesmart, Evergreen Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-03-20T14:32:21.717. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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