$6,200,000
3626 W Devonshire Avenue Hemet, CA 92545
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$6,200,000
Est. payment /mo
1 SqFt
Active
3626 W Devonshire Avenue Hemet, CA 92545
UPDATED:
09/19/2024 02:27 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $6,200,000
MLS Listing ID CRTR24193765
HOA Y/N No
Year Built 2008
Lot Size 1 Sqft
Property Description
This multi-parcel offering includes a fully-leased, 20-unit condominium complex within a gated community, as well as an adjacent 5.41-acre parcel of vacant land, primed for future development. With the potential to expand the site to accommodate up to 98 apartment units (buyer to verify), this property offers both immediate cash flow and significant development potential. Hemet, located in Riverside County, is a rapidly growing city known for its welcoming community and picturesque surroundings. With its strategic location near key Southern California markets and increasing demand for housing, Hemet is undergoing substantial growth and development, making it an ideal environment for real estate investment. The well-maintained property boasts desirable amenities, including a community swimming pool, clubhouse, and secure gated access. Ownership has made substantial capital investments to ensure the property’s condition remains in top form, further enhancing its appeal to both residents and investors. Situated at 3626 W Devonshire Ave, this stable, income-generating asset in the Inland Empire region offers a promising return on investment. Whether you are a first-time investor entering the market, an experienced investor looking to expand your portfolio, or considering a 1031 Exc
Location
State CA
County Riverside
Area Listing
Interior
Heating Other
Fireplace No
Laundry Inside
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 448231001
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Listed by Yuan Le • Ricky&Jessie Realty
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