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Hemet,CA 92543
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2509185
Lot Size 10.100 Acres
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
Area Srcar - Southwest Riverside County
Zoning Low-Density Multi-Family
Exterior
Community Features Suburban
View Y/N Yes
View Neighborhood
Building
Lot Description 21-25 Units/Acre
Others
Acceptable Financing Cash,Contract,1031 Exchange
Listing Terms Cash,Contract,1031 Exchange
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2509185